The Acquisition of 51.00% of the Equity Share Capital of FA Wizard Private Limited ("Target Company").
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 16 Jul 2026, 10:44 PM IST · BSE ID: 09a9276e-d455-4533-a61a-cded9cb68d76
View Original BSE Filing (PDF)
💡
In Simple Terms
RSC International is buying a 51% stake in FA Wizard and plans to issue new shares and warrants to fund this and other initiatives.
🤖 AI Summary
- RSC International's Board approved the acquisition of 51.00% of FA Wizard Private Limited's equity share capital.
- Consideration for the acquisition is non-cash, involving the issuance of 62,70,008 equity shares at Rs. 33/- each.
- The authorized share capital is approved for increase from Rs. 7,00,00,000/- to Rs. 24,00,00,000/-.
- Approvals for preferential issues include 18,00,000 equity shares and 1,00,00,000 convertible warrants, both at Rs. 33/- each.
- An Extra-Ordinary General Meeting is scheduled for August 13, 2026, to discuss these approvals.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares issued for Acquisition
62,70,008 Equity Shares
Issue Price per Share (Acquisition/Preferential)
Rs. 33/- each
Previous Authorised Share Capital
Rs. 7,00,00,000/-
New Authorised Share Capital
Rs. 24,00,00,000/-
Preferential Equity Shares
18,00,000 Equity Shares
Convertible Warrants
1,00,00,000 Warrants
FA Wizard FY26 Turnover (Provisional)
₹ 15,520.56 Lacs
🏢 How This Affects the Company
The acquisition of FA Wizard Private Limited, a tech-driven retail lending distribution platform, expands RSC International's presence in the financial services sector.
The authorized share capital increase to Rs. 24,00,00,000/- and proposed preferential issues totaling 62,70,008 equity shares for acquisition and 1,00,00,000 convertible warrants for cash could alter the company's capital structure.
The acquisition of a 51.00% stake in FA Wizard Private Limited introduces RSC International to the risks associated with the financial services and retail lending distribution sector.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are required to vote on the proposals at the Extra-Ordinary General Meeting scheduled for August 13, 2026.
👤
Who Is Affected
All existing shareholders will be affected by the proposed increase in authorized share capital and potential dilution from the issuance of 62,70,008 equity shares for acquisition, 18,00,000 equity shares, and 1,00,00,000 convertible warrants.
🔍
Management Signal
The Board's decision signals a strategic intent to expand into financial services through acquisition and to raise capital for growth initiatives.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Outcome of the Extra-Ordinary General Meeting on August 13, 2026.
Completion of the acquisition of FA Wizard Private Limited.
Details of the preferential allotment and warrant issuance.
MEDIUM RISK
Dilution from equity issues and integration risk of the acquired financial services entity.
💡 Investor Takeaway
RSC International's Board approved acquiring 51.00% of FA Wizard Private Limited for 62,70,008 equity shares valued at Rs. 33/- each. Authorized share capital increases to Rs. 24,00,00,000/-, alongside preferential issues for 18,00,000 equity shares and 1,00,00,000 convertible warrants, all subject to shareholder approval.
⚖️ Strengths & Concerns
✅ Positives
- Strategic expansion into financial services through acquiring 51.00% of FA Wizard Private Limited, a tech-driven retail lending platform.
- Increased authorized share capital from Rs. 7,00,00,000/- to Rs. 24,00,00,000/-, providing capacity for future equity raises.
⚠️ Concerns
- The acquisition consideration is non-cash, involving equity swap, which will dilute existing shareholders' ownership.
- Preferential issue of 1,00,00,000 convertible warrants at Rs. 33/- each will lead to future equity dilution upon conversion.
❓ Frequently Asked Questions
What stake is RSC International acquiring in FA Wizard Private Limited?
RSC International is acquiring 51.00% of the equity share capital of FA Wizard Private Limited.
What is the consideration for the acquisition of FA Wizard Private Limited?
The acquisition is for non-cash consideration, involving the issuance of 62,70,008 equity shares of RSC International at an issue price of Rs. 33/- each to FA Wizard's shareholders.
What is the new authorized share capital approved for RSC International?
The Board approved increasing the authorized share capital of RSC International from Rs. 7,00,00,000/- to Rs. 24,00,00,000/-.
What was the provisional turnover of FA Wizard Private Limited for FY26?
FA Wizard Private Limited achieved a standalone provisional and unaudited turnover of ₹ 15,520.56 Lacs for the financial year 2025–26.
When is the Extra-Ordinary General Meeting scheduled for RSC International?
The Extra-Ordinary General Meeting of RSC International is scheduled for August 13, 2026.
Questions based on this BSE filing only. For information purposes.