As per the annexure enclosed.
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Rose Merc's board has approved a Rs. 1 crore investment in Virtual Gain Technologies Private Limited, a Pune-based fintech firm, by subscribing to 4,288 equity shares at Rs. 2,332 per share, giving it a 30.01% stake on a fully diluted basis. Virtual, which runs an online platform for digital assets, P2P payments, and e-wallet services, saw its turnover grow from Rs. 5.24 lakh in FY23 to Rs. 98.87 lakh in FY25. Rose Merc plans to appoint majority directors and use the deal to build its own fintech division. The board also approved the sale of its 49% stake in Kaale and Rose Merc Advisors for Rs. 49,000 and its 50% stake in Parshuram Creative Craft for Rs. 50,000, both sold to a non-promoter, with both transactions already completed. Additionally, 90,000 convertible warrants held by two warrant holders that lapsed on April 9, 2026, were forfeited, with Rs. 56.25 lakh (25% of the consideration) retained by the company.
The Rs. 1 crore fintech investment is a small, strategic step into a new sector rather than a major financial commitment, and is unlikely to move the stock sharply on its own. The two associate divestments are negligible in size (combined revenue contribution under 0.1%), and the forfeited warrant amount is a small one-time gain for the company.