Shareholders of RSC International approved six special resolutions at its extraordinary general meeting (EGM) held on August 13, 2026. The approvals pave the way for the company to raise capital through a preferential issue of equity shares and convertible warrants, while also expanding its financial flexibility through increased borrowing limits and authorized share capital.

The meeting was conducted via video conferencing in compliance with regulatory guidelines. A total of 37 shareholders participated in the voting process: two from the promoter group and 35 from the public category. No shareholders attended physically or via proxy.

Key Resolutions Approved

All six special resolutions were passed with 100% of the votes cast in favor. The promoter group declared no interest in any of the agenda items.

Voting Details

The voting process was scrutinized by Agrawal Kushal & Associates. The remote e-voting period ran from August 10 to August 12, 2026, with e-voting at the meeting concluding on August 13.

Out of 5,749,700 total shares outstanding as on the record date of August 6, 2026, 2,663,076 shares voted. This represents approximately 46.32% of the total shares eligible to vote. The promoter group held 2,425,302 shares, while public non-institutional shareholders held 3,324,398 shares.

All votes cast were in favor of the resolutions, with zero votes against and no invalid votes recorded. The promoter group contributed 2,416,302 votes via e-voting, while public shareholders contributed 246,774 votes via e-voting.

What the Numbers Show

The unanimous approval of the preferential issue resolution by both promoter and public shareholders indicates strong alignment on the company’s capital raising strategy. With nearly half of the eligible shares participating in the vote, the outcome reflects decisive shareholder mandate for the proposed corporate actions.

RSC International Limited reported a net loss of ₹1,119.22 thousand for the quarter ended June 30, 2026, marking a significant deterioration from the net profit of ₹136.27 thousand in the corresponding period of FY25. The Board of Directors approved the unaudited standalone financial results on August 11, 2026. The loss was driven by rising employee benefit expenses and other operational costs, while the company reported zero income from operations during the quarter. This performance raises serious concerns about the company’s financial health and operational viability.

The financial results were reviewed by the company’s statutory auditors, D G M S & Co., who issued a qualified conclusion. The auditors cited a material uncertainty regarding the company’s ability to continue as a going concern, pointing to continuous cash losses over several years and an erosion in net worth. As of June 30, 2026, RSC International’s net worth stood at a negative ₹1,291.71 thousand. The auditors noted that while the financial results were prepared on a going concern basis, the company failed to adequately disclose this material uncertainty as required under Ind AS 1.

Financial Performance Highlights

The company incurred no income from operations or other income in Q1FY26, contrasting with ₹990.87 thousand in income from operations in Q1FY25. Total expenses rose to ₹1,119.22 thousand in the current quarter, up from ₹709.25 thousand in Q4FY26 and ₹854.60 thousand in Q1FY25. Employee benefit expenses surged to ₹660.00 thousand, a sharp increase from ₹60.00 thousand in the preceding quarter and ₹20.00 thousand in the same quarter last year. Other expenses also climbed to ₹459.22 thousand, compared to ₹649.25 thousand in Q4FY26 and ₹145.00 thousand in Q1FY25.

What the Numbers Show

The divergence between revenue and cost structures highlights operational inefficiencies. While income from operations vanished completely in Q1FY26, fixed costs such as employee benefits and other expenses remained substantial. This imbalance directly contributed to the widened net loss. Furthermore, the negative net worth of ₹1,291.71 thousand indicates that accumulated losses have exceeded the company’s paid-up equity capital of ₹57,497.00 thousand, raising serious questions about capital adequacy and long-term viability.

The company operates in a single business segment and has no subsidiaries, associates, or joint ventures. Previous period figures have been regrouped where necessary to align with current classifications. The financial statements were prepared in accordance with Ind AS 34 and relevant provisions of the Companies Act, 2013.