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, at its meeting on January 29, 2026, approved several key items subject to shareholder approval via postal ballot. The company plans to raise its authorised share capital from Rs. 20 crore to Rs. 25 crore. It will issue 41,111 convertible warrants at Rs. 90 per share (including Rs. 80 premium) on a preferential basis to promoter Kirti Chunilal Savla (11,111 warrants) and non-promoter Vijay Acharya (30,000 warrants), raising up to about Rs. 37 lakh. An unsecured inter-corporate loan of Rs. 5 crore has been sanctioned to its subsidiary Navi Mumbai Premier League Pvt Ltd (25% stake). The board also approved a property investment of up to Rs. 8 crore to buy about 1.20 hectares of land in Lohgad, Lonavala, taking total property investments to about Rs. 9.30 crore. Additionally, Ms. Vaishali Parkar Kumar's designation was changed from Whole-time Director & CFO to Managing Director & CFO until October 15, 2028.
Shareholders will get to vote on these proposals through a postal ballot. The capital expansion, warrant issue to promoter and promoter-aligned investor, and shift in business focus toward real estate signal a strategic pivot. The Rs. 5 crore loan to the subsidiary and sizeable land purchase indicate deployment of capital into growth and diversification, which could be positive if executed well but also raises exposure to non-core and subsidiary risk.