Rose Merc Board Approves Share Issue, Warrants, Director Appointments

Rose Merc Limited's Board of Directors convened on July 14, 2026, approving several key resolutions. These include the preferential issue of 3,00,000 equity shares and 6,06,111 warrants convertible into equity shares, both to non-promoters for cash consideration, subject to member approval via postal ballot. The board also approved altering the Memorandum of Association, appointing Mr. Amitkumar Yogendra Singh as Executive Director and COO, and Mr. Santosh Gavade as Independent Director. Additionally, an inter-corporate loan of up to ₹10 crore to subsidiary Virtual Gain Technologies Private Limited was sanctioned, along with the grant of up to 3,50,000 employee stock options under the RML Employee Stock Options Plan 2023 to Mr. Jaymin Bipinchandra Patel. A postal ballot notice and appointment of a scrutinizer were also finalized.