Acquired bungalow property in Lonavala for about Rs 1.30 crore

Rose Merc Limited has completed acquiring a freehold bungalow in Village Valvan, Lonavala, Pune for Rs 1.30 crore. The property includes about 258 sq metres of non-agricultural land with a built-up bungalow of roughly 1,721 sq ft. The deal is for business purposes and strategic expansion, and the final price came in below the Rs 2 crore ceiling the Board had approved in January 2026. The acquisition is funded from the preferential issue proceeds, is not a related party transaction, and was done at arm's length.