RSC International Ltd — Updates, 11-06-2025: Company Update

Mr. Shailesh Agrawal and Mr. Ramji Das Agarwal have announced a board meeting to discuss the financial results for the quarter and half-year of R S C International Limited. Separately, they have announced an open offer to acquire up to 14,94,922 equity shares (26% of total voting share capital) of R S C International Limited at Rs. 9.50 per share, aggregating to Rs. 1.42 Cr. This open offer is triggered by a Share Purchase Agreement to acquire 37.06% stake from existing promoters for Rs. 2.02 Cr, post which they will become promoters holding 63.06%. The offer is mandatory, cash-based, not conditional on minimum acceptance, and open to all public shareholders, including those holding shares in physical form. The Target Company operates in synthetic fabric agency business. The offer opens on June 17 and closes on July 1, 2025, with payment due within 10 working days after closure. The Acquirers have adequate resources and escrowed 36 lakhs upfront. Shareholders must provide valid approvals (if applicable) to participate.