Change in Designation of Mr. Udya Damodar Tardalkar and Mr. Purvesh Krishna Shelatkar as per attached document.
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Rose Merc Ltd has reshuffled its top board roles effective April 28, 2025. Mr. Uday Damodar Tardalkar has been elevated from Non-Executive Independent Director to Chairman and Non-Executive Independent Director of the company. As a result, Mr. Purvesh Krishna Shelatkar's designation has been changed from Chairman and Executive Director to simply Executive Director, meaning he has lost the Chairman title. Mr. Tardalkar holds a B.Com and LLB from University of Mumbai and has over 20 years of industry experience, including serving on grievance committees of NSE, NCDEX, MCX, NSDL, and CDSL. Both changes were approved via a resolution passed by circulation.
This is a routine governance reshuffle that separates the Chairman role from executive duties, aligning with standard corporate governance practice where an independent director chairs the board. For shareholders, this is a neutral to mildly positive signal on governance, with no material business or financial impact indicated.