Rose Merc.

Rose Merc Ltd's board approved a preferential issue of 3,00,000 equity shares and 6,06,111 convertible warrants to non-promoter investors at Rs 90 per share, aiming to raise up to Rs 8.15 crore. The warrants carry a 25% upfront payment and an 18-month conversion window, with the balance payable on conversion. The board also sanctioned an unsecured inter-corporate loan of Rs 10 crore to its board-controlled subsidiary Virtual Gain Technologies Private Ltd, a fintech firm in which Rose Merc holds 30.01%. Additionally, the board approved amendments to the memorandum of association to permit payment aggregator and prepaid instrument businesses, appointed Amitkumar Yogendra Singh as Executive Director and COO of the new fintech vertical, and named Santosh Gavade as an independent director. A grant of 350,000 employee stock options to a senior vice-president was also cleared, all subject to shareholder approval via postal ballot.

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Rose Merc Ltd’s board on Tuesday approved a preferential issue of up to 3 lakh equity shares and 6.06 lakh convertible warrants at ₹90 apiece, targeting a total potential equity raise of about ₹8.16 crore. The investors are a mix of non‑promoter entities, including Zclus (India) Limited and individuals such as Amitkumar Yogendra Singh and Ramawatar Babulal Jajodia. In a separate move, the board sanctioned an unsecured inter‑corporate loan of ₹10 crore to its board‑controlled subsidiary Virtual Gain Technologies Private Limited, which it acquired a 30.01% stake in last month. The board also appointed Amitkumar Singh as an additional executive director and chief operating officer of the new fintech business segment, and Santosh Gavade as an independent director. Additionally, the board approved the grant of 350,000 employee stock options to a senior vice‑president under the company’s 2023 ESOP plan. The planned equity and warrant issuance remains subject to shareholder approval via postal ballot.

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Rose Merc Ltd has allotted 1,74,445 equity shares at a price of ₹90 each to four non-promoter investors upon conversion of warrants, raising about ₹15.7 crore. Post-allotment, the company's paid-up capital has increased to ₹6.42 crore, comprising 64,18,630 shares of ₹10 face value. The proceeds represent roughly 37% of Rose Merc's ₹42 crore market capitalisation and will be used for general corporate purposes. The shares were issued to Amitkumar Yogendra Singh, Niti Trivedi, Vijay Acharya and Vikas Kamlakar Phadnis.

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April 15 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - MAKES STRATEGIC INVESTMENT IN VIRTUAL GAIN TECHNOLOGIES PRIVATE LIMITED

• ROSE MERC LTD - TO BUY 30.01% STAKE IN VIRTUAL GAIN TECHNOLOGIES FOR 10 MILLION RUPEES

Source text: ID:nBSE7yLD8l

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March 2 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - CHANGE IN DESIGNATION OF VAISHALI PARKAR KUMAR TO MD & CFO

Source text: ID:nBSE820sd5

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Jan 29 (Reuters) - Rose Merc Ltd RSML.BO:

• VAISHALI PARKAR KUMAR APPOINTED MANAGING DIRECTOR & CFO

Source text: ID:nBSE4wzQwr

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Jan 21 (Reuters) - Rose Merc Ltd RSML.BO:

• KIRTI SAVLA RESIGNS AS MANAGING DIRECTOR

Source text: ID:nBSE3Vy8KQ

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Jan 20 (Reuters) - Rose Merc Ltd RSML.BO:

• APPROVED PROPOSED PROPERTY INVESTMENT UP TO 20 MILLION RUPEES

Source text: ID:nBSE9fxxGC

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Nov 27 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - UNIT BUYS 50% OF REFECTIO

Source text: ID:nBSE7nhP4C

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Oct 21 (Reuters) - Rose Merc Ltd RSML.BO:

• SIGNS MOU WITH WHATSLOAN FOR DIGITAL LENDING

Source text: ID:nBSE55vy5C

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Oct 10 (Reuters) - Rose Merc Ltd RSML.BO:

• ENTERS MOU WITH THRUST AIRCRAFT

• MOU INCLUDES POTENTIAL 200 MILLION RUPEES INVESTMENT IN TAPL

Source text: ID:nBSEPcdQ3

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Sept 23 (Reuters) - Rose Merc Ltd RSML.BO:

• SIGNS MOU WITH SAM CORPORATE FOR ESG SOLUTIONS

Source text: ID:nBSE19wwVB

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March 25 (Reuters) - Rose Merc Ltd RSML.BO:

• TO INVEST UP TO 49% STAKE IN FULL CIRCLE HOLDINGS

Source text: ID:nBSE3HBKQ5

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March 12 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - ACQUIRES 50% STAKE IN MODA ORAMA VENTURES

• ROSE MERC LTD - COST OF ACQUISITION IS 50,000 RUPEES

Source text: ID:nBSE7mJC3n

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Dec 26 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - ACQUIRES 30.07% STAKE IN EMIRATES HOLDING FZ LLC

Source text: ID:nBSE61Pmvh

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Oct 11 (Reuters) - Rose Merc Ltd RSML.BO:

• TO INVEST AED 10.9 MILLION IN EMIRATES HOLDING FZE

• TO ISSUE 2 MILLION WARRANTS AT PRICE OF 250 RUPEES PER SHARE

Source text for Eikon: ID:nnAPN2970QF

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Oct 7 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC TO CONSIDER RAISING OF CAPITAL

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Sept 6 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - GETS LETTER OF INTENT

• ROSE MERC - GETS CONTRACT TO HOST SEASON 3 OF NAVI MUMBAI PREMIER LEAGUE'S T20 CRICKET TOURNAMENT

• ROSE MERC LTD - EVENT BUDGET IS ABOUT 100 MILLION RUPEES

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May 9 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC - CO TO ACQUIRE BY WAY OF SUBSCRIBING TO SHARE CAPITAL OF KAALE AND ROSE MERC ADVISORS, ESPERER EVENT MANAGEMENT

Source text for Eikon: ID:nBSEf5cHp

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May 6 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC- ACQUIRED 49% OF SHARE CAPITAL OF JADHAV ROSE MERC SPORTS AND 50% OF SHARE CAPITAL OF BHAKTIWORLD MEDIA AND ENTERTAINMENT

Source text for Eikon: ID:nBSE6vXP2L

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March 14 (Reuters) - Rose Merc Ltd RSML.BO:

• SIGNED SUBSCRIPTION AGREEMENT TO ACQUIRE50% STAKE IN LK VET CARE

• TO ENTER INTO RURAL B2C MARKET WITH ANIMAL HUSBANDRY SECTOR

Source text for Eikon: ID:nBSEbSgP7z

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March 13 (Reuters) - Rose Merc Ltd RSML.BO:

• PROPOSES TO ACQUIRE AROUND 50% OF POST ISSUE SHARE CAPITAL OF LK VET CARE

• PROPOSED ACQUISITION VALUE AT 2.8 MILLION RUPEES

Source text for Eikon: ID:nBSE7jlDJl

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March 5 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - APPROVED ISSUE OF EQUITY WARRANTS CONVERTIBLE INTO EQUITY SHARES

• ROSE MERC - TO ISSUE 470,250 EQUITY WARRANTS CONVERTIBLE INTO EQUITY SHARES AT 250 RUPEES PER SHARE

Source text for Eikon: ID:nBSEbDRmyS

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Feb 27 (Reuters) - Rose Merc Ltd RSML.BO:

• TO CONSIDER RAISING OF CAPITAL

Source text for Eikon: ID:nBSE2CP5ZR

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Jan 4 (Reuters) - Rose Merc Ltd RSML.BO:

• ROSE MERC LTD - TO CONSIDER RAISING OF CAPITAL

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Dec 1 (Reuters) - Rose Merc Ltd RSML.BO:

• AISHALI PARKAR KUMAR APPOINTED CFO

• ANANT BALKRISHNA MORE RESIGNS AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE6Cw5l8

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July 24 (Reuters) - Rose Merc Ltd RSML.BO:

• PROPOSED JV CO BY WAY OF ACQUISITION OF SUBSTANTIAL SHARES OF FYOPRO ENTERTAINMENT BAGGED LETTER OF INTENT

• LOI FOR PREMIUM EVENT MANAGEMENT, MARKETING, SPONSORSHIP RIGHTS VALUED AT 90 MILLION RUPEES

Source text for Eikon: ID:nBSE9QljNt

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July 7 (Reuters) - Rose Merc Ltd RSML.BO:

• APPROVED ISSUANCE OF 360,000 EQUITY WARRANTS CONVERTIBLE INTO 360,000 SHARES

• SIGNED AN EXCLUSIVE COMMERCIAL AD TIME AGREEMENT WITH BHAKTI WORLD RADIO BROADCASTING FOR PERIOD OF 6 YEARS

• APPROVED PROPOSAL TO ENTER INTO A REFERRAL AGREEMENT WITH CAPITALSQUARE ADVISORS

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June 30 (Reuters) - Rose Merc Ltd RSML.BO:

• TO CONSIDER PROPOSAL FOR ISSUANCE OF EQUITY SHARES, WARRANTS AND / OR OTHER SECURITIES

• TO CONSIDER PROPOSAL TO ENTER INTO COMMERCIAL AD TIME AGREEMENT WITH BHAKTI WORLD RADIO BROADCASTING

• TO CONSIDER PROPOSAL TO ENTER INTO A REVENUE SHARING AGREEMENT WITH CAPITAL SQUARE

Source text for Eikon: ID:nBSE5CxL0D

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June 7 (Reuters) - Rose Merc Ltd RSML.BO:

• TO CONSIDER PROPOSAL FOR ISSUANCE OF EQUITY SHARES, WARRANTS AND/OR OTHER SECURITIES

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