Outcome of Board Meeting held Today September 06, 2025 on Saturday
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On September 6, 2025, RSC International Ltd's board carried out a sweeping overhaul. Seven people resigned, including Managing Director Gyanchand Jain, CFO and Director Ankur Jain, Non-Executive Director Alka Jain, Company Secretary Deepak Kumar Goyal, and three independent directors (Jitendra Bansal, Vinod Mishra, Subhash Jain). In their place, the board appointed a new management team led by promoter family members: Ramji Das Agrawal as Whole-Time/Executive Director and his son Shailesh Agrawal as Managing Director, each holding 12,08,151 shares. Three new independent directors were also inducted, including one independent woman director. The 32nd AGM is scheduled for September 30, 2025 via video conferencing, and the board has approved the AGM notice.
The entire top management and most of the previous board have stepped out, with promoter family members now directly running the company as Executive Director and Managing Director. While this brings clearer family-led strategic direction, retail investors should monitor governance closely given the simultaneous exit of all three independent directors and key managerial personnel like the CFO and Company Secretary.