RSC International approved the acquisition of a 51% stake in FA Wizard Private Limited for a total consideration of ₹20.69 crore. The acquisition will be executed through a share swap mechanism, issuing 62,70,008 equity shares at an issue price of ₹33 each to the shareholders of the target company. This strategic move aims to bolster RSC International's presence in the financial services sector by integrating a technology-driven retail lending distribution platform.

The Board of Directors approved the increase of the company's authorised share capital from ₹7 crore to ₹24 crore. This expansion, divided into 2,40,00,000 equity shares of ₹10 each, is subject to shareholder approval. The capital raise is intended to support the proposed acquisitions and issuance of securities, aligning with the company's growth objectives.

FA Wizard Private Limited, incorporated on November 02, 2020, reported a standalone turnover of ₹15,520.56 lacs for the financial year 2025–26 (provisional and unaudited). The entity operates a pan-India loan distribution platform, partnering with banks and NBFCs. The acquisition is expected to be completed within two months and does not require any specific governmental or regulatory approvals.

In addition to the acquisition, the board approved the issuance of up to 18,00,000 equity shares and 1,00,00,000 convertible warrants on a preferential basis. The equity shares are priced at ₹33 each for an aggregate consideration of ₹5.94 crore, while the warrants, also priced at ₹33 each, aim to raise ₹33 crore. These issuances are directed towards persons forming part of the non-promoter public category and are subject to shareholder and stock exchange approvals.

The company scheduled an Extra-Ordinary General Meeting (EGM) on August 13, 2026, at 12:30 P.M. through Video Conferencing to seek shareholder approval for these proposals. M/s. Agrawal Kushal & Associates was appointed as the scrutinizer for the e-voting process and EGM proceedings. The remote e-voting period begins on August 10, 2026, and ends on August 12, 2026. The record date for determining shareholder eligibility is August 06, 2026.

Financial Details of FA Wizard Private Limited

Proposed Capital Issuances

RSC International Ltd will hold a board meeting on July 16, 2026, to consider and approve a proposal for raising funds through a preferential issue or private placement of securities. The agenda includes determining the issue price, subject to regulatory and statutory approvals, including the consent of the company's shareholders. This move aims to secure capital for the company's strategic requirements.

The board will also transact other incidental and ancillary matters related to the fundraising proposal as decided by the directors with the permission of the Chairperson. The meeting is convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In conjunction with the board meeting, the company has announced the closure of the trading window for dealing in its securities. This measure is in accordance with Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading.

The trading window closed on July 1, 2026, and will remain shut until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. This restriction applies to all connected persons, officers, designated employees, insiders, directors, and their immediate relatives.

The intimation was submitted to BSE Limited on July 13, 2026, by Shailesh Agrawal, Managing Director of RSC International Ltd. The company's scrip code on the exchange is 530179.