As per the annexure enclosed.
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Rose Merc Limited has signed a Collaboration Agreement with Virtual Gain Technologies Private Limited and two individuals to set up a fintech division focused on payment aggregation, payment switching and payout solutions in India. The arrangement is a 50:50 revenue sharing partnership where Virtual will provide technology and technical services. As part of the deal, Amitkumar Singh, a promoter of Virtual, will be appointed as a director on Rose Merc's board and as COO of the new fintech division. Rose Merc also has the option to acquire a 30.01% stake in Virtual in the future, which would convert this into a related party transaction. The collaboration is subject to shareholder and regulatory approvals. Rose Merc's turnover nearly doubled in FY26 to Rs 6.19 crore, while Virtual posted Rs 1.24 crore in revenue.
This is a strategic diversification move for Rose Merc into the high-growth fintech sector, which could be value-accretive if executed well but also carries execution and regulatory risks. Shareholders should watch for shareholder approval timelines, any future open offer triggers from the 30.01% stake acquisition, and quarterly progress on the fintech division's revenue contribution.