As per the annexure enclosed herewith.
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Awaiting price reaction for this filing.
Rose Merc Ltd's board approved several major decisions on January 29, 2026, signalling a clear strategic pivot toward real estate. The company plans to alter its main object clause to prioritise land, building and property development, while shifting its existing jewellery/precious stones business to the other objects clause. Authorised share capital will be raised from Rs. 20 crore to Rs. 25 crore, and a postal ballot will seek shareholder approval for the changes. The company will issue 41,111 convertible warrants at Rs. 90 per share (face value Rs. 10, premium Rs. 80) to one promoter (Kirti Chunilal Savla, 11,111 warrants) and one non-promoter (Vijay Acharya, 30,000 warrants), for an aggregate of about Rs. 37 lakh. Additionally, an unsecured inter-corporate loan of Rs. 5 crore to subsidiary Navi Mumbai Premier League Pvt Ltd was approved, and Rs. 8 crore was sanctioned for buying about 1.20 hectares of land in Lohgad, Lonavala (taking total property investment to roughly Rs. 9.30 crore). Ms. Vaishali Parkar Kumar was redesignated from Whole-time Director & CFO to Managing Director & CFO for her remaining term up to October 15, 2028.
The shift toward real estate, higher authorised capital and a promoter-included warrant issue suggest the company is repositioning itself for property-led growth, which could support the stock if executed well. The warrant size is small, so dilution impact is limited, but investors should watch progress on the Lonavala land deal, the subsidiary loan recovery, and shareholder approval of the postal ballot items.