Inter alia, transacted, discussed and approved the businesses as enclosed herewith.
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Rose Merc Ltd's board, which met on December 12, 2025, approved several items subject to shareholder approval via postal ballot. The key item is the preferential issue of up to 36,23,079 equity warrants to 16 non-promoter investors at Rs. 90 per share (including Rs. 80 premium), convertible into equal equity shares within 18 months, raising up to Rs. 32.61 crore. The board also approved 10 lakh ESOPs to an executive of its UAE subsidiary, a 3-year cricket academy sponsorship at Shivaji Park Gymkhana, and non-binding LOIs to acquire 30% stakes in Virtual Gain Technologies (India) and Alpha Investment Capital FZ LLC (UAE). Additionally, two inoperational associate companies — Esperer Event Management and Parshuram Creative Craft — have been identified for closure or exit.
The Rs 32.6 crore preferential warrant issue to non-promoters will dilute existing shareholders if converted, but brings in fresh capital for the company. The proposed acquisitions signal expansion into technology and UAE-based investment businesses, while the wind-down of non-performing associates could streamline the group's structure. The stock may see short-term volatility around the dilution news.