RSC International Ltd — Important, 16-07-2026: Company Update

RSC International's board has approved a significant capital restructuring and a strategic acquisition. The company plans to increase its authorized share capital from Rs 7 Cr to Rs 24 Cr. It will acquire a 51% stake in FA Wizard Private Limited, a tech-driven retail lending platform, for Rs 20.69 Cr through a share swap. FA Wizard reported a turnover of Rs 155.21 Cr in FY26. Additionally, the company plans to raise capital by issuing up to 18 lakh equity shares for Rs 5.94 Cr and 1 crore convertible warrants for Rs 33 Cr on a preferential basis. The company has also announced an Extra-Ordinary General Meeting on August 13 to seek shareholder approvals. This move aims to expand its business footprint and strengthen its financial position.