Resignation of Board of Directors w.e.f September 06, 2025
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RSC International Ltd saw a near-complete exit of its board on September 6, 2025. Six directors resigned on the same day: Gyan Chand Jain (Managing Director, since 1993), Alka Jain (Director, since 2007), Ankur Jain (CFO & Director, since 2008), and three Independent Directors — Jitendra Bansal, Subhash Jain, and Vinod Mishra. All cited personal pre-occupation and commitments as the reason and confirmed there were no other material reasons. The three Jains appear to share the same Mumbai address, suggesting they are related (likely the promoter family). The simultaneous departure of the MD, CFO, all executive directors, and all independent directors leaves the company with no functioning board on record.
This is a major governance red flag — the entire board stepping down at once is unusual and could signal internal disputes, financial stress, or a planned restructuring or takeover. Shareholders should watch closely for new appointments, any BSE/NSE queries on the company, and trading volume in the stock. Short-term volatility and uncertainty around the company's direction are likely.