Proceedings of the 41st Annual General Meeting of Rose Merc Limited held on August 25, 2025.
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Rose Merc Limited held its 41st Annual General Meeting on August 25, 2025, at 4:00 PM via video conferencing, chaired by Independent Director Mr. Uday Damodar Tardalkar, with 16 members attending and the required quorum present. The meeting concluded at 4:55 PM. Shareholders transacted eight resolutions, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaration of a final dividend of Rs. 0.12 per equity share (1.2% of face value). Directors Ms. Vaishali Parkar Kumar (Whole-Time Director & CFO) and Mr. Vivek Shankar Parulkar (Executive Director) were re-appointed via rotation. Mr. Abhijeet Anil Tipnis was regularized as Independent Director, a Secretarial Auditor was appointed for five years (FY2025-26 to FY2029-30), and the company sought approvals to issue equity shares and convertible warrants to non-promoters on a preferential basis. Voting results and the scrutinizer's report will be filed with the stock exchange separately.
The final dividend of Rs. 0.12 per share is a modest payout for shareholders. The preferential share and warrant issues to non-promoters signal potential equity dilution and need to be watched closely for pricing and the size of the fund raise once voting results are disclosed.