RSC International Ltd to Hold EGM for Share Capital Increase
RSC International Ltd has announced an Extra-Ordinary General Meeting (EGM) to be held on August 13, 2026, at 12:30 PM via Video Conferencing. The primary agenda is to consider and approve a significant increase in the company's authorized share capital. The proposal involves increasing the authorized share capital from ₹7 Crores to ₹24 Crores by creating an additional 1.7 Crores equity shares of ₹10 each. Additionally, the EGM will address the alteration of Clause 10 of the Articles of Association to allow for further issuance of securities through preferential offer or private placement, subject to SEBI regulations. This move aims to facilitate future growth and funding opportunities for the company.
Key Highlights
- EGM scheduled for August 13, 2026, to discuss share capital increase.
- Authorized share capital to increase from ₹7 Cr to ₹24 Cr.
- Proposal to alter Articles of Association for future security issuance.
- Meeting to be conducted via Video Conferencing/OAVM.
- Focus on enabling future funding and expansion strategies.
Price Impact
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