Investment27 March 2026 at 12:21 pm
Rose Merc Ltd Allots Convertible Warrants to Non-Promoters, Raises Rs. 94.74 Lakhs
AI Summary
Rose Merc Ltd has allotted 4,21,111 convertible warrants to non-promoters at an issue price of Rs. 90/- (Rupees Ninety Only) per warrant, including a premium of Rs. 80/- (Rupees Eighty Only). The allotment was approved by the allotment committee on March 27, 2026. The company has received 25% of the aggregate consideration, amounting to Rs. 94,74,997.50 (Rupees Ninety-Four Lakh Seventy-Four Thousand Nine Hundred Ninety-Seven and Fifty Paise Only). The allottees include Dipali Dattatray Jadhav, Kavita Deshpande, Poonam Sachin Gaikwad, Punam Arora, Sachin Deshpande, Salil Divakar Deshpande, Samindar Shankar Jadhav, Vikas Pandurang Kolarkar, and Omprakash Singh.
Key Highlights
- Rose Merc Ltd allotted 4,21,111 convertible warrants to non-promoters
- The issue price of each warrant is Rs. 90/- (Rupees Ninety Only) including a premium of Rs. 80/- (Rupees Eighty Only)
- The company has received 25% of the aggregate consideration, amounting to Rs. 94,74,997.50 (Rupees Ninety-Four Lakh Seventy-Four Thousand Nine Hundred Ninety-Seven and Fifty Paise Only)
- The allottees include Dipali Dattatray Jadhav, Kavita Deshpande, Poonam Sachin Gaikwad, Punam Arora, Sachin Deshpande, Salil Divakar Deshpande, Samindar Shankar Jadhav, Vikas Pandurang Kolarkar, and Omprakash Singh
- Each warrant is convertible into one equity share within 18 months from the date of allotment
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