RSC International Board Approves Share Capital Increase & Acquisition

RSC International Ltd's Board of Directors, in a meeting held on July 16, 2026, approved a significant increase in the company's authorized share capital from ₹7 Crores to ₹24 Crores. Additionally, the board greenlit the acquisition of a 51% equity stake in FA Wizard Private Limited through a preferential allotment of 62,70,008 equity shares at ₹33 per share. The company also approved a preferential issue of up to 18,00,000 equity shares and the issuance of up to 1,00,00,000 convertible warrants, both at ₹33 per share, subject to shareholder and stock exchange approvals. The board also approved the draft notice for an Extra-Ordinary General Meeting (EGM) scheduled for August 13, 2026, to discuss these matters.