As per the annexure enclosed herewith.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rose Merc Ltd's board, meeting on January 29, 2026, approved multiple actions: a Postal Ballot to seek shareholder approval for raising Authorised Share Capital from Rs. 20 Crore to Rs. 25 Crore, and altering the Object Clause of the MoA to pivot the main business from dealing in precious stones, diamonds, jewellery and gifts to acquiring, developing and leasing land, buildings and real estate. Ms. Vaishali Parkar Kumar (DIN: 09159108) was redesignated from Whole-time Director & CFO to Managing Director & CFO for her remaining term ending October 15, 2028, subject to shareholder approval. The board approved an unsecured inter-corporate loan of Rs. 5 Crore to its 25%-owned subsidiary, Navi Mumbai Premier League Pvt Ltd (NMPL), at arm's length. It also cleared a preferential issue of 41,111 convertible warrants at Rs. 90 each (total ~Rs. 37 lakh) to two allottees – promoter Kirti Chunilal Savla (11,111 warrants) and non-promoter Vijay Acharya (30,000 warrants) – with 25% upfront and 75% on conversion within 18 months. Additionally, the company will invest up to Rs. 8 Crore to buy about 1.2 hectares of land in Lohgad, Lonavala, taking its total property investment to roughly Rs. 9.30 Crore.
Shareholders face mild dilution risk from the warrant issue (small in absolute size) and a major business pivot from gems and jewellery to real estate, signalled by both the MoA object change and the Rs. 9.3 Crore property push. The Rs. 5 Crore unsecured loan to subsidiary NMPL and the MD elevation for the current Executive Director could raise governance concerns, but all key items are subject to shareholder approval via Postal Ballot.