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.

RSC International Limited, a company listed on the BSE, has witnessed a significant change in its shareholding pattern as one of its promoters, Mr. Gyan Chand Jain, has completely divested his stake in the company.

Stake Sale Details

Mr. Gyan Chand Jain, who was part of the promoter group of RSC International Limited, has sold his entire shareholding of 4,75,330 equity shares, representing 8.27% of the company's total share capital. The transaction was executed through an off-market sale on August 08, 2025, as part of the completion of a mandatory open offer.

Impact on Shareholding

Following this sale, Mr. Gyan Chand Jain's holding in RSC International Limited has been reduced to nil. The company's total equity share capital remains unchanged at Rs. 5,74,97,000, divided into 57,49,700 equity shares of Rs. 10 each.

Regulatory Compliance

The sale was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires prompt disclosure of any significant changes in shareholding patterns, especially those involving promoter group members.

Market Implications

This significant stake sale by a promoter group member could potentially impact the company's stock price and investor sentiment. Shareholders and potential investors may want to closely monitor any further developments or changes in the company's ownership structure.

RSC International Limited's shares are listed on the BSE Limited. Investors are advised to keep an eye on any official announcements from the company or regulatory filings for more information on this transaction and its potential implications.