Rose Merc Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/06/2025 ,inter alia, to consider and approve the Audited standalone and consolidated ....
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Rose Merc Ltd has postponed its Board meeting (originally scheduled for May 30, 2025) to June 6, 2025. The Board will consider and approve the audited standalone and consolidated financial results for FY ended March 31, 2025, along with the audit reports and any recommendation for a final dividend. The delay is due to technical difficulties in consolidating accounts after the company recently acquired multiple subsidiaries in March 2025, including Emirates Holding FZ LLC, a UAE-based foreign subsidiary that became board-controlled only on March 27, 2025. Challenges include foreign exchange rates and compliance with different laws for the UAE entity.
This is a procedural update and not a results announcement. Shareholders may experience a short wait for FY25 results, but the reason (rapid recent expansion including a foreign subsidiary) suggests business growth. Investors should watch the June 6 outcome for actual financial performance and any dividend announcement. The closure of the trading window until June 8 signals potential price-sensitive information is forthcoming.