RSC INTERNATIONAL LTD.

A BSE-listed textiles company that has effectively wound down its operating business. Filings state it operates as a single-segment textiles business, but revenue from operations fell to zero in Q3 FY26, and 9M FY26 total income dropped to Rs 0.99 lakh from Rs 1.56 crore in the prior-year period. The statutory auditor (DGMS & Co.) has issued a qualified opinion on the FY26 results, flagging going concern doubts due to recurring cash losses and erosion of net worth, and the company confirms it relies on promoter group funding to sustain operations. Other operating expenses dominate the cost base at Rs 0.3261 crore (329.4% of FY26 revenue), with employee cost at Rs 0.02 crore (20.2% of revenue). As a directional shift, the board has approved acquiring 51% of FA Wizard Pvt Ltd, a fintech loan distribution platform, to be discharged primarily via a share swap worth Rs 20.69 crore, along with a preferential issue of 18 lakh shares at Rs 33 and 1 crore convertible warrants at Rs 33. The acquisition is pending shareholder approval at an EGM scheduled for August 13, 2026.