Intimation under Regulation 30 of SEBI LODR Regulations, 20215 regarding Change in Management : Reconstitution of Board of Directors and Change in Key Managerial personnel
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RSC International Ltd has undergone a sweeping board overhaul on September 6, 2025. The entire existing leadership resigned, including Managing Director Gyanchand Jain, CFO & Director Ankur Jain, Non-Executive Director Alka Jain, three independent directors (Jitendra Bansal, Vinod Mishra, Subhash Jain), and Company Secretary Deepak Kumar Goyal. Five new directors were appointed: Ramji Das Agrawal as Whole-Time Director, his son Shailesh Agrawal as Managing Director (5-year term), and three independent directors including a woman director, Shruti Thakkar. The Agrawal father-son duo each holds 12,08,151 shares, marking a clear change in the company's promoter control from the Jain family to the Agrawal family, who are reportedly in the electric vehicle manufacturing business. The 32nd AGM is scheduled for September 30, 2025.
This is effectively a change of control event. Shareholders should note that the company's management and promoter identity has shifted entirely from the Jain family to the Agrawal family. The new promoters have an EV (electric rickshaw, two-wheeler, and delivery truck) manufacturing background. Investors should monitor how this transition affects business operations, strategy, and the company's future direction.