Rose Merc Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/06/2025 ,inter alia, to consider and approve For considering and approving inter-alia ....
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Rose Merc Ltd has postponed its Board meeting, originally scheduled for May 30, 2025 and rescheduled twice, to June 27, 2025. The meeting will consider and approve audited standalone and consolidated financial results for FY ended March 31, 2025, along with audit reports and the final dividend (if any) for FY25. The delay is due to technical issues in consolidating accounts, mainly because the company acquired and incorporated several subsidiaries in March 2025, including a UAE-based entity called Emirates Holding FZ LLC that became a subsidiary on March 27, 2025. Consolidation challenges include currency conversion and compliance with foreign laws. The trading window for insiders remains closed until June 29, 2025.
Repeated postponement of results, especially due to a new foreign subsidiary consolidation, may raise concerns about the company's readiness to close its books on time. Shareholders should expect potential volatility and watch for the final results on June 27 for signs of accounting quality and dividend clarity.