RSC International Limited has received an Administrative Warning Letter from the Securities and Exchange Board of India (SEBI), bearing reference no. HO/49/13/11(146)2026-CFD-SEC3 I / 7865/2026, dated March 25, 2026. The disclosure was made by the company to BSE Limited on May 08, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations").

Nature of Non-Compliances Identified by SEBI

During its examination of RSC International, SEBI identified two specific regulatory violations. The warning letter, issued by the Deputy General Manager of the Supervision Enforcement and Complaints (SEC-3) division under the Corporation Finance Department (CFD), details the following lapses:

SEBI noted that these non-compliances have been viewed seriously and warned the company to exercise caution in future to avoid recurrence of such lapses. The regulator further stated that any repetition of such violations would be viewed seriously and appropriate enforcement action would be initiated in accordance with the provisions of the SEBI Act, 1992, and the Rules, Regulations, or Circulars issued thereunder.

Regulatory Directions Issued to the Company

As part of the Administrative Warning, SEBI has issued the following directions to RSC International:

• Place the warning letter before the Board of Directors at its next meeting
• Disclose the communication to the recognized stock exchange(s) in terms of LODR Regulations
• Rectify all identified deficiencies within 90 days from the date of receipt of the communication

The company, in its disclosure signed by Shailesh Agrawal, Managing Director (DIN: 06597393), confirmed that it is taking necessary corrective steps to address the observations and ensure compliance with the applicable regulatory requirements.

Company Response

RSC International has acknowledged the receipt of the SEBI warning letter and stated that corrective measures are being undertaken. The disclosure was addressed to the Department of Corporate Services at BSE Limited, in line with the regulatory obligation to inform stock exchanges of material developments. The company's compliance officer, Ms. Ramdulari Saini, was specifically named in SEBI's communication as the point of contact for the matter.

RSC International has announced a key leadership appointment with the naming of Mr. Chandresh Joshi as Chief Financial Officer, effective December 31, 2025. The appointment was formally approved by the Board of Directors during their meeting held on December 31, 2025, following a recommendation from the Nomination and Remuneration Committee.

Board Meeting Details

The Board meeting that approved this significant appointment commenced at 4:30 PM and concluded at 5:00 PM on December 31, 2025. The decision was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

New CFO Profile and Expertise

Mr. Chandresh Joshi brings substantial financial expertise to his new role as Chief Financial Officer. As a Chartered Accountant, he possesses nearly 14 years of extensive experience across multiple critical areas of finance and business operations.

Professional Experience

Mr. Joshi has demonstrated proficiency in accounts, finance, taxation, Management Information Systems (MIS), audits, and corporate compliance. His career includes senior leadership and CFO-level positions where he has successfully managed end-to-end finance functions across diverse industries and large-scale projects exceeding ₹2,200 crores.

Core Competencies

His expertise encompasses several key areas that will be valuable in his new role:

• Financial planning and analysis (FP&A) and budgeting
• Consolidated financial statements preparation
• Working capital management
• Banking and project finance
• Internal controls implementation
• Statutory compliances under Companies Act, Income Tax, GST, and other regulatory frameworks

Strategic Leadership Capabilities

Mr. Joshi has successfully liaised with banks, financial institutions, auditors, and tax authorities for project financing, loan syndication, assessments, and audits. His strategic mindset and hands-on approach have enabled him to design and implement robust MIS and reporting systems throughout his career.

Regulatory Compliance

The appointment has been made in full compliance with regulatory requirements. The company has confirmed that the newly appointed CFO is not debarred from holding office by virtue of any SEBI order or any other authority. Additionally, there are no relationship disclosures required between the appointee and existing directors.

Mr. Joshi's ability to combine technical expertise with commercial acumen positions him as a valuable finance professional and trusted advisor to management, making him well-suited to drive the company's financial strategy and operations in his new role.