RSC International

RSC International Ltd.’s board approved the acquisition of a 51% stake in FA Wizard Private Limited, a tech‑driven retail lending distribution platform, for a consideration of ₹20.69 crore, to be settled through a share swap. The target company reported provisional standalone revenue of ₹155.20 crore for FY2026, a sharp jump from ₹50.51 crore in the previous year. The board also approved an increase in authorised share capital from ₹7 crore to ₹24 crore, a preferential issue of 18 lakh equity shares at ₹33 apiece for cash, and the issuance of 1 crore convertible warrants at the same price to non‑promoter investors. The warrants, carrying a 25% upfront payment, are exercisable within 18 months. The company scheduled an extraordinary general meeting on August 13 to seek shareholder approval for the proposals, which remain subject to regulatory and stock exchange clearances. The transaction is expected to close within two months.

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RSC International Ltd.'s board on July 16 approved the acquisition of a 51% stake in fintech firm FA Wizard Pvt. Ltd. through a share swap. The deal values the target at approximately ₹20.69 crore and will be settled by issuing 62.70 lakh equity shares at ₹33 apiece to FA Wizard's shareholders. FA Wizard, a technology-driven retail loan distribution platform, reported unaudited revenue of ₹155.20 crore for FY26. The board also approved raising up to ₹5.94 crore via preferential allotment of 18 lakh shares and issuing up to 1 crore convertible warrants at ₹33 each, potentially bringing in another ₹33 crore. These issuances, subject to shareholder and regulatory nods, will be placed with non-promoter investors. The company will seek shareholder approval at an extraordinary general meeting scheduled for August 13. The move marks a complete business pivot for RSC International, which had zero revenue and a net worth of negative ₹13 lakh in FY26.

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Dec 31 (Reuters) - RSC International Ltd RSCI.BO:

• APPOINTS CHANDRESH JOSHI AS CFO EFFECTIVE DECEMBER 31, 2025

Source text: ID:nBSE40Wnhf

Further company coverage: RSCI.BO

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Jan 20 (Reuters) - RSC International Ltd RSCI.BO:

• SHAILESH AGRAWAL AND RAMJI DAS AGARWAL ENTER SHARE PURCHASE AGREEMENT

• ACQUIRERS TO ACQUIRE 37.06% EQUITY FOR 20.2 MILLION RUPEES

• OPEN OFFER FOR 26% EQUITY AT 9.50 RUPEES PER SHARE

Source text: ID:nBSE1QZ5WK

Further company coverage: RSCI.BO

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