The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shailesh Agrawal
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Mr. Shailesh Agrawal, along with Mr. Ramji Das Agarwal, has acquired a total of 12,08,151 equity shares (21.01% stake) in RSC International Ltd, triggering a change of control. The acquisition happened in two parts: 10,65,339 shares via an off-market purchase under a Share Purchase Agreement dated January 20, 2025 (credited on August 8, 2025), and 1,42,812 shares through a mandatory open offer under SEBI Takeover Regulations (credited on July 14, 2025). The acquirers do not belong to the existing promoter group, and they will become new promoters of the company after completing Regulation 31A compliance under SEBI LODR. The total equity capital of RSC International stands at Rs. 5,74,97,000 divided into 57,49,700 shares of Rs. 10 each.
This is a significant control change event for a small-cap BSE-listed company. Shareholders should expect new management and possible strategic direction changes as new promoters take charge. The mandatory open offer component means remaining public shareholders were given an exit opportunity at the offer price.