Intimation under Regulation 30 of SEBI (LODR) Regulation 2015, Regarding change in management: Reconstitution of Board of Directors
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RSC International Ltd has undergone a complete change in control. Mr. Shailesh Agrawal and Mr. Ramji Das Agrawal acquired 24,16,302 equity shares (42.02% of paid-up capital) from the existing promoters and are now the new promoters of the company effective September 6, 2025. Following this, the entire board was reconstituted: 5 new directors were appointed (including Shailesh Agrawal as Managing Director and his father Ramji Das Agrawal as Whole Time Director), while 7 outgoing directors and key managerial personnel resigned — including the Managing Director, CFO, Company Secretary, and 3 Independent Directors. The new management has experience in electric vehicle manufacturing through their Super Eco brand.
This is a major change of control event with a brand-new promoter family and board taking charge. Shareholders should expect a potential shift in business direction (likely towards EV manufacturing) and should monitor how the new management transitions the company over the coming quarters.