How to compile Delphi RES file from commandline

Here can find the Borland resource compiler:

%ProgramFiles%\Borland\Delphi7\Bin\brcc32.exe

EDIT: As mghie mentioned you could create a RC file like this one:

VS_VERSION_INFO VERSIONINFO
FILEVERSION 1, 0, 0, 100
PRODUCTVERSION 1, 0, 0, 1
 FILEFLAGSMASK 0x3fL
#ifdef _DEBUG
 FILEFLAGS 0x9L
#else
 FILEFLAGS 0x8L
#endif
 FILEOS 0x4L
 FILETYPE 0x1L
 FILESUBTYPE 0x0L
BEGIN
    BLOCK "StringFileInfo"
    BEGIN
        BLOCK "040904b0"
        BEGIN
            VALUE "Comments", "Modified by BZCToOn's"
            VALUE "CompanyName", "Syntheretix"
            VALUE "FileDescription", "rcversion MFC Application"
            VALUE "FileVersion", "1, 0, 0, 100"
            VALUE "InternalName", "rcversion"
            VALUE "LegalCopyright", "Copyleft (C) Bzc ToOn'S 2002"
            VALUE "OriginalFilename", "rcversion.EXE"
            VALUE "PrivateBuild", "RCVERSION-20030212_100"
            VALUE "ProductName", "rcversion Application"
            VALUE "ProductVersion", "1, 0, 0, 1"
        END
    END
    BLOCK "VarFileInfo"
    BEGIN
        VALUE "Translation", 0x409, 1200
    END
END

(copied from http://www.codeproject.com/KB/applications/cb2rcversion.aspx)

And compile it using BRCC32. Before you have to disable version information in project settings.

EDIT: Further information ...

http://msdn.microsoft.com/en-us/library/aa380599.aspx

http://msdn.microsoft.com/en-us/library/aa381058.aspx

Just going to add to ulrichb's answer...

Hint: Create an .RC file and use the {$R} directive to include it to your project.

{$R 'Splash.res' 'Splash.rc'}

Above directive is what I use to include an image for a splash screen. It will automatically compile the .RC file. As an option, you can just include the .RC to your Delphi project, in which case the above line will be added to your project file (*.DPR) and it will also automatically compile. (And you can use Delphi to edit the .RC file.)

Do be careful that you don't give the resource file the same name as your project file. This becomes too confusing for Delphi.