Purpose of the meeting has been revised
Price
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Awaiting price reaction for this filing.
Rose Merc Ltd has revised the agenda for its Board Meeting scheduled on July 21, 2025. The Board will now also consider the issuance of equity shares, warrants, and/or other securities through a preferential issue or any other permissible mode (in cash or otherwise). Other agenda items include convening the 41st Annual General Meeting, fixing the record date for the AGM and dividend purposes, and any other matter with the Chair's permission. The company had previously intimated the meeting on July 10, 2025.
The mention of a record date for dividend suggests a possible dividend announcement. The proposal for issuing new equity shares or warrants via preferential issue could lead to dilution for existing shareholders, though pricing and other details are yet to be decided.