RSC International Limited , a finance and investment company, has reported financial results for the second quarter ended September 30, 2025, along with a key management appointment.

Financial Performance

The company reported a net loss of Rs. 1.74 lakhs for the quarter ended September 30, 2025. This represents a decline from the previous quarter when the company had posted a profit of Rs. 1.36 lakhs. The financial results, approved by the Board of Directors, show a challenging period for RSC International.

The company's total income for Q2 2025 dropped to zero, compared to Rs. 9.91 lakhs in the previous quarter and Rs. 10.86 lakhs in the same quarter last year. Total expenses also decreased significantly to Rs. 0.02 lakhs, down from Rs. 8.55 lakhs in Q1 2025.

Appointment of Company Secretary

In a corporate governance move, RSC International has appointed Ms. Ramdulari Saini as the Company Secretary and Compliance Officer, effective November 14, 2025. Ms. Saini, an Associate Member of the Institute of Company Secretaries of India (ACS No. 44908), brings experience in corporate governance, regulatory filings, and compliance to her new role.

Financial Position

As of September 30, 2025, RSC International's balance sheet shows:

The company's total assets have decreased from Rs. 86.04 lakhs as of March 31, 2025, to Rs. 34.03 lakhs as of September 30, 2025, indicating a significant reduction in the company's asset base over the six-month period.

Cash Flow and Liquidity

RSC International's cash and cash equivalents stood at Rs. 0.10 lakhs as of September 30, 2025, compared to Rs. 0.36 lakhs at the beginning of the financial year. The company generated a negative cash flow of Rs. 0.27 lakhs from its operations during the half-year period.

The company's financial statements indicate ongoing challenges, with cash losses reported for several years and an erosion in net worth. These factors suggest that RSC International may face financial difficulties and may need to address its operational performance in the coming quarters.

RSC International has unveiled a comprehensive restructuring of its board, marking a significant shift in the company's leadership. The changes, effective September 6, 2025, include several high-profile appointments and resignations, signaling a new direction for the firm.

Key Appointments

• New Managing Director: Shailesh Agrawal has been appointed as the Managing Director for a five-year term. Agrawal, who holds 1,208,151 shares in the company, brings extensive experience in electric vehicle manufacturing and international trade.

• Executive Director: Ramji das Agrawal, father of Shailesh Agrawal, joins the board as an Executive Director. He also holds 1,208,151 shares and has a background in various industries, including oil milling and electric vehicle production.

• Independent Directors: The company has appointed three new Independent Directors for five-year terms:

  1. Shruti Thakkar: Non-Executive Independent Woman Director with expertise in business development and consulting.
  2. Ronak Mistry: Brings over 12 years of experience across technical, financial, and managerial domains.
  3. Vasantiben Menat: A financial services and debt collection consultant with over three years of industry experience.

Notable Resignations

The board restructuring also saw the departure of several key personnel:

• Gyanchand Jain: Stepped down as Managing Director after serving since January 1993.
• Ankur Jain: Resigned from his positions as Non-Executive Director and Chief Financial Officer.
• Alka Jain: Departed from her role as Non-Executive Director.
• Three Independent Directors: Jitendra Bansal, Vinod Mishra, and Subhash Jain have all resigned.
• Deepak Kumar Goyal: Stepped down as Company Secretary and Compliance Officer.

All resignations were attributed to pre-occupation and personal commitments.

Corporate Governance and Compliance

The company has taken steps to ensure smooth transition and compliance with regulatory requirements:

• The board has reconstituted statutory and other committees in line with the new appointments.
• RSC International has scheduled its 32nd Annual General Meeting (AGM) for September 30, 2025, to be held via video conferencing.
• The Register of Members and Share Transfer Book will be closed from September 24 to September 30, 2025 (both days inclusive).

Leadership Profiles

The newly appointed leaders bring diverse expertise to RSC International:

• Shailesh Agrawal, the new Managing Director, has a background in software development, international trade, and electric vehicle manufacturing. He played a key role in introducing electric vehicle production to the company in 2013.

• Ramji das Agrawal, appointed as Executive Director, has experience in various industries, including oil milling, iron rolling, and electric vehicle manufacturing. He has been instrumental in the company's transition to the EV sector.

• The new Independent Directors, Shruti Thakkar, Ronak Mistry, and Vasantiben Menat, bring expertise in business development, finance, and debt collection respectively, adding diverse perspectives to the board.

This major board restructuring appears to be a strategic move by RSC International to bring in fresh leadership and diverse expertise, potentially positioning the company for new growth opportunities in the evolving business landscape.