Revised Outcome of Meeting of Allotment Committee constituted by the Board of Directors of the Company.
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Rose Merc Limited's Allotment Committee approved the allotment of 50,500 fully paid-up equity shares of Rs. 10 face value each upon conversion of warrants held by 2 non-promoter warrant holders. The shares were allotted at Rs. 90 per share (including Rs. 80 premium). Bharat Ramdas Karnik received 500 shares and Salil Divakar Deshpande received 50,000 shares. This is a revised disclosure correcting a typographical error in the earlier filing. Post-allotment, the company's paid-up capital stands at Rs. 6,19,41,850 comprising 61,94,185 equity shares.
Warrants held by two non-promoter investors have been converted to equity at Rs. 90 per share, increasing the company's paid-up capital by Rs. 5,05,000. The conversion signals investor confidence and reduces outstanding warrant obligations.