RSC International Ltd (530179)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, RSC International's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a smaller loss than a year earlier).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | loss narrowed | loss narrowed |
| Net profit | ₹-0.1 | loss narrowed | loss narrowed |
| EPS (₹) | -0.12 | loss narrowed | loss narrowed |
📢 Recent Corporate Announcements
RSC International Limited has approved the appointment of M/s. Kanu Doshi Associates LLP as Statutory Auditors to fill a casual vacancy arising from the resignation of M/s. D G M S & Co. The appointment is subject to shareholder approval under Section 139(8) of the Companies Act, 2013. Additionally, the Board appointed M/s. Ajay Yadav & Associates as Secretarial Auditor for FY 2025-26. Financially, the micro-cap entity (market cap ₹42 Cr) recorded revenue of ₹0.1 Cr and a net loss of ₹0.32 Cr in FY26.
- Appointment of M/s. Kanu Doshi Associates LLP as Statutory Auditor effective 31st August, 2026
- Casual vacancy caused by the resignation of previous auditor M/s. D G M S & Co.
- Appointment of Mr. Ajay Yadav (M/s. Ajay Yadav & Associates) as Secretarial Auditor for FY 2025-26
- Board meeting concluded in 30 minutes (03:30 p.m. to 04:00 p.m. on 31-08-2026)
RSC International Ltd has approved the appointment of M/s. Kanu Doshi Associates LLP as Statutory Auditors to fill the casual vacancy created by the resignation of M/s. D G M S & Co. The appointment was approved at the Board meeting held on August 31, 2026, and remains subject to shareholder approval under Section 139(8) of the Companies Act, 2013. Additionally, the Board appointed M/s. Ajay Yadav & Associates as Secretarial Auditor for FY 2025-26.
- M/s. Kanu Doshi Associates LLP appointed as Statutory Auditor on August 31, 2026
- Casual vacancy caused by the resignation of outgoing auditor M/s. D G M S & Co.
- Appointment of M/s. Ajay Yadav & Associates as Secretarial Auditor for FY 2025-26 approved
- Board meeting commenced at 03:30 p.m. and concluded at 04:00 p.m. on August 31, 2026
Statutory auditor M/s. D G M S & Co. has tendered their resignation from RSC International Ltd effective August 14, 2026, ahead of their scheduled term expiry on March 31, 2029. The auditor cited pre-occupation with other work assignments as the primary reason for stepping down. Prior to resigning, the firm submitted the limited review report for Q1 FY27 on August 14, 2026, and confirmed no material concerns or issues regarding company management.
- Resignation of Statutory Auditor M/s. D G M S & Co. (FRN: 0112187W) effective August 14, 2026
- Auditor's original five-year term was scheduled to expire on March 31, 2029
- Latest limited review report for Q1 FY27 submitted on August 14, 2026 prior to resignation
- Auditor confirmed no management-imposed limitations, information deficits, or material concerns
RSC International reported zero revenue from operations for the quarter ended June 30, 2026, continuing a period of operational inactivity. The company posted a net loss of Rs 11.19 lakh, primarily driven by employee benefit expenses of Rs 6.60 lakh and other expenses of Rs 4.59 lakh. This is a decline from the same quarter last year (Q1 FY26), where the company recorded marginal revenue of Rs 9.91 lakh. The company's financial position remains strained with a negative net worth, as other equity stood at -Rs 55.66 crore as of March 2026.
- Revenue from operations fell to zero in Q1 FY27 compared to Rs 9.91 lakh in Q1 FY26.
- Net loss for the quarter widened to Rs 11.19 lakh from a loss of Rs 7.09 lakh in the preceding quarter (Mar 2026).
- Employee benefit expenses of Rs 6.60 lakh accounted for 59% of the total quarterly expenditure.
- The company reported a negative EPS of -0.19 for the quarter.
- Accumulated losses remain high with 'Other Equity' reported at negative Rs 55.66 crore as of the last audited balance sheet.
RSC International Ltd reported zero revenue for the quarter ended June 30, 2026, continuing the trend of operational inactivity seen in the previous quarter. The company posted a net loss of Rs 11.19 lakhs, a sharp decline from a profit of Rs 1.36 lakhs in the same period last year. Total expenses rose to Rs 11.19 lakhs, primarily driven by employee benefit expenses which surged to Rs 6.60 lakhs from Rs 0.20 lakhs YoY. With a negative net worth and zero TTM revenue, the company's operational viability remains under significant pressure.
- Revenue from operations fell to Rs 0 in Q1 FY27 from Rs 9.91 lakhs in Q1 FY26.
- Net loss for the quarter stood at Rs 11.19 lakhs compared to a net profit of Rs 1.36 lakhs in the year-ago quarter.
- Employee benefit expenses increased significantly to Rs 6.60 lakhs from Rs 0.20 lakhs YoY.
- Basic and Diluted EPS declined to Rs -0.19 from Rs 0.02 in the corresponding quarter of the previous year.
- Paid-up equity share capital remains at Rs 5.75 crore (57,497 thousand) with a face value of Rs 10 per share.
RSC International Ltd has scheduled a board meeting for August 11, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with TTM revenue effectively at ₹0 Cr and a net loss of ₹0.32 Cr for FY26. Despite the lack of operational scale, the company maintains a market capitalization of ₹30 Cr. The trading window for the company's shares has been closed since July 1, 2026, and will remain so until 48 hours after the results are declared.
- Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results
- Trading window has been closed since July 1, 2026
- Company reported a total revenue of only ₹0.1 Cr for the full year FY26
- TTM EPS stands at -₹0.55 with an operating profit margin of -320.0%
- Promoter holding recently increased to 42.18% as of March 2026
RSC International has announced a major corporate restructuring involving the acquisition of a 51% stake in FA Wizard Private Limited (FAWPL) for ₹20.69 Cr via a share swap. To fund growth and the acquisition, the company plans to raise ₹38.94 Cr through a preferential issue of 18 lakh equity shares and 1 crore convertible warrants at ₹33 each. This total corporate action of approximately ₹60 Cr is nearly 2.5x the company's current market cap of ₹24 Cr. Furthermore, the company is seeking shareholder approval to increase borrowing and investment limits to ₹500 Cr each, indicating a massive scale-up from its current near-zero revenue base.
- Acquisition of 51% stake (5,48,267 shares) in FA Wizard Private Limited via share swap valued at ₹20.69 Cr
- Preferential issue of 1,00,00,000 convertible warrants at ₹33 per warrant to raise ₹33 Cr
- Preferential issue of 18,00,000 equity shares at ₹33 per share to raise ₹5.94 Cr in cash
- Proposed increase in authorized share capital from ₹7 Cr to ₹24 Cr
- Seeking approval for borrowing and investment limits up to ₹500 Cr each
RSC International is pivoting from textiles to financial services by acquiring a 51% stake in FA Wizard Private Limited (FAWPL), a retail lending distribution platform. The acquisition is valued at ₹20.69 crore and will be executed via a share swap of 62.70 lakh shares at ₹33 each. Simultaneously, the company is raising ₹38.94 crore through a preferential issue of 18 lakh equity shares and 1 crore convertible warrants to non-promoter investors. This move represents a massive business transformation, as the target company reported a FY26 turnover of ₹155.21 crore.
- Acquisition of 51% stake in FA Wizard Private Limited for a total consideration of ₹20.69 crore via share swap
- Target company FAWPL achieved a standalone turnover of ₹155.21 crore for FY 2025-26 (provisional)
- Preferential issue of 18,00,000 equity shares at ₹33 per share to raise ₹5.94 crore in cash
- Issuance of 1,00,00,000 convertible warrants at ₹33 each to raise up to ₹33 crore over 18 months
- Authorized share capital to be increased from ₹7 crore to ₹24 crore to facilitate the expansion
RSC International is pivoting from textiles to financial services by acquiring a 51% stake in FA Wizard Private Limited (FAWPL) for ₹20.69 crore via a share swap. To support this transition and fund growth, the company plans to raise up to ₹38.94 crore through the issuance of 18 lakh equity shares and 1 crore convertible warrants at ₹33 each. The target company, FAWPL, is a tech-driven loan distribution platform that reported a provisional FY26 turnover of ₹155.20 crore. Shareholders will vote on these proposals and an increase in authorized capital to ₹24 crore at an EGM on August 13, 2026.
- Acquisition of 51% stake in FA Wizard Private Limited for a total consideration of ₹20.69 crore via share swap.
- Target company FAWPL reported a provisional standalone turnover of ₹155.20 crore for FY 2025-26.
- Proposed fundraise of ₹33 crore through 1,00,00,000 convertible warrants at an issue price of ₹33 per warrant.
- Additional cash raise of ₹5.94 crore through the preferential allotment of 18,00,000 equity shares at ₹33 each.
- Authorized share capital to be increased significantly from ₹7 crore to ₹24 crore to accommodate new issuances.
RSC International has scheduled a board meeting for July 16, 2026, to consider a proposal for fundraising. The capital is intended to be raised through a preferential issue or private placement of securities for cash or other considerations. This announcement comes amid significant stock price volatility, with a 63.5% return over the last three months despite a 35.8% decline over six months. The specific quantum of funds and the issue price are yet to be determined and will require shareholder and regulatory approvals.
- Board meeting scheduled for July 16, 2026, to approve fundraising proposals.
- Fundraising methods include preferential issue or private placement for cash or non-cash consideration.
- Trading window has been closed since July 1, 2026, and will remain closed until 48 hours after Q1 results.
- Stock has demonstrated high volatility with a 63.5% 3-month return vs a -35.8% 6-month return.
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