Rose Merc Ltd Board Approves Preferential Issue & Loan

Rose Merc Limited's Board of Directors approved a preferential issue of up to 3,00,000 equity shares and 6,06,111 warrants to non-promoters for cash consideration. The issue price is set at ₹90 per share/warrant. Additionally, the board approved an inter-corporate loan of up to ₹10 Crores to its subsidiary, Virtual Gain Technologies Private Limited. The company also approved altering its Memorandum of Association and the grant of up to 3,50,000 employee stock options under the RML Employee Stock Options Plan 2023. Appointments of an Executive Director and an Independent Director were also made.