Outcome of Board Meeting to be inter alia, transacted, discussed and approved is attached herewith.
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Awaiting price reaction for this filing.
The Board of Rose Merc Limited, at its meeting on July 30, 2025, approved a preferential issue of up to 24,222 equity shares at Rs. 90 per share (face value Rs. 10, premium of Rs. 80) to four non-promoter individual investors. It also approved the issue of up to 40,000 convertible warrants at the same Rs. 90 price to two other non-promoters, with an 18-month tenure requiring 25% upfront payment and 75% on conversion. The warrants, if unconverted, lapse and the 25% paid is forfeited. The Board also cleared the notice for the 41st Annual General Meeting, where shareholder approval will be sought. The total potential capital raise is roughly Rs. 57.8 lakhs if all warrants are converted.
This is a small preferential allotment to a handful of individual non-promoters, so dilution for existing shareholders is limited. Investors should watch the AGM outcome and any future announcement on warrant conversion, as the warrants carry forfeiture risk if not exercised in time.