Rose Merc Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2026 ,inter alia, to consider and approve the agenda items as enclosed herewith.
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Rose Merc Ltd has informed BSE that its Board of Directors will meet on January 23, 2026 to consider several key items. These include approving a postal ballot notice for shareholder approval on proposed resolutions, altering the Object Clause of the Memorandum of Association (changing business objectives), and issuing equity shares, warrants or other securities through a preferential issue or other modes to raise capital. The Board will also consider promoting Ms. Vaishali Parkar Kumar from Executive Director & CFO to Managing Director & CFO. Any other business may be taken up with the Chair's permission.
Shareholders should watch for dilution from the proposed preferential issue and the shift in business focus from the MoA amendment. The promotion to Managing Director consolidates leadership at the top. Material announcements on capital raising and business restructuring could follow after the board meeting, which may move the stock.