RSC International: Promoter Group Seeks Re-classification to Public

RSC International Ltd has received requests from members of its Promoter Group, including Mr. Ashok Jain and Mr. Bansi Lal Jain, to be re-classified from 'Promoter Group' to 'Public' category. This re-classification is sought under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals state they do not hold more than 10% of the company's equity, do not exercise control, and have no special rights or board representation. They are also not Key Managerial Personnel or wilful defaulters. The requests are based on the rationale that they have no role in the company's management or day-to-day affairs.