Intimation for Allotment of Convertible Warrants.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rose Merc Ltd has allotted 4,21,111 convertible warrants to 9 non-promoter individuals at Rs. 90 per warrant, which includes a premium of Rs. 80 over the Rs. 10 face value. The total possible consideration is up to Rs. 3.79 crore, of which the company has already received 25% (Rs. 94.75 lakh). Each warrant can be converted into one equity share at any time within 18 months, with the allottees needing to pay the remaining 75% before conversion. The allotment was carried out under SEBI ICDR (Chapter V) as a preferential issue, following BSE's in-principle approval dated March 12, 2026. The largest allottees are Sachin Deshpande (1,27,778 warrants), Salil Deshpande (83,333), and Punam Arora (51,000).
This is a small preferential fundraise that could dilute existing shareholders by up to 4.21 lakh shares upon full conversion, but the issue size (around Rs. 3.79 crore) is modest. The warrants carry a strong Rs. 80 premium over face value, and money has already started coming in, which is mildly positive for the stock.