Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to further inform that Bhaktiworld Media and Entertainment Private Limited has ceased to be a subsidiary of Rose Merc ....
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Rose Merc Ltd has informed BSE that Bhaktiworld Media and Entertainment Private Limited has ceased to be its subsidiary. This follows the resignation of one nominee director (appointed by Rose Merc) from Bhaktiworld's board, effective from the close of business on March 27, 2025. With the loss of this nominee directorship, Rose Merc no longer exercises control over Bhaktiworld. This is a continuation of earlier disclosures made in May 2024 and March 2025 regarding the acquisition of Bhaktiworld.
Investors should note that Rose Merc has lost control over a previously acquired subsidiary purely due to an internal board-level change (nominee director resignation), not a formal sale or cancellation. This may marginally reduce the consolidated revenue/asset base on Rose Merc's books going forward, though it does not trigger any open offer or compulsory delisting obligations.