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Other Textile Products
Promoter Reclassification31 Oct 2026, 04:00 pm

RSC International Ltd: Board Approves Promoter Reclassification

AI Summary

RSC International Ltd announced that its Board of Directors, in a meeting held on October 31, 2026, approved the reclassification of certain individuals from the Promoter Group to the Public category. This decision follows requests made by Mr. Ashok Jain, Mr. Bansi Lal Jain, Mr. Chain Raj Meena, and Mr. Lal Chand Jain. The Board confirmed that these individuals meet the conditions stipulated under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and that their reclassification is in line with an ongoing Open Offer. The reclassification is subject to compliance with applicable SEBI regulations and laws.

Key Highlights

  • Board approved reclassification of promoter group members to public.
  • Individuals confirmed compliance with SEBI LODR Regulations.
  • Reclassification is linked to an ongoing Open Offer.
  • Approval is subject to further regulatory compliance.