In reference to the captioned subject, we would like to inform you that the Board of Directors of the Company in their Board Meeting held today i.e. Friday, May 22, 2026 have considered ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RSC International Ltd reported audited financial results for FY ended March 31, 2026. The company posted total income of Rs 990.87 thousand against total expenditure of Rs 4,152.13 thousand, resulting in a net loss of Rs 3,161.25 thousand. Basic and diluted EPS stood at negative Rs 0.55. The balance sheet shows severe distress with total assets of Rs 2,279.70 thousand against total liabilities of Rs 3,606.41 thousand, resulting in negative net worth of Rs 1,326.71 thousand. Statutory auditors DGMS & Co. issued a qualified opinion citing going concern issues due to erosion of net worth and recurring cash losses. The company also disclosed rectification of accounting discrepancies related to share application money and non-creation of deferred tax assets as conditions were not satisfied.
The company is in severe financial distress with negative equity and recurring losses. The qualified audit opinion on going concern raises significant doubts about the company's ability to continue operations. Shareholders face substantial risk as net worth has been fully eroded.