Outcome of the Postal Ballot for Notice dated October 29, 2025.
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 conducted a postal ballot through remote e-voting, which closed on November 28, 2025, for one special resolution. The resolution sought shareholder approval to make payments to Emirates Holding FZ LLC, a related party and board-controlled subsidiary, for the acquisition of shares. Out of 1,179 shareholders on record date (October 24, 2025), only 17 members participated, casting 4,84,182 votes out of 55,37,268 total shares — a low turnout of just 8.74%. Of the votes polled, 98.17% (4,75,344) were in favour and 1.83% (8,838) were against. The special resolution was approved by the requisite majority, as confirmed by scrutinizer CS Deepak Rane.
Shareholders have cleared the way for a related-party transaction involving payments to Emirates Holding FZ LLC for share acquisition. While the resolution passed comfortably, the very low voting turnout (8.74%) means this was approved by a small fraction of total shareholders, which retail investors should note when reviewing related-party dealings.