Submission of copies of Newspaper Advertisement of Corrigendum Notice of Annual General Meeting.
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Rose Merc Limited has filed copies of newspaper advertisements published on October 30, 2025, in Active Times (English) and Pratahkal (Marathi), regarding a Corrigendum to its Annual General Meeting (AGM) Notice originally dated July 30, 2025. The corrigendum revises the objects of a proposed preferential issue of 2,84,278 equity shares and 2,26,000 convertible warrants to non-promoters. Crucially, the company has dropped its earlier plan for capital expenditure — the entire proceeds will now be redirected toward investment in Emirates Holding FZ LLC (Fujairah, UAE) for ₹2 crore, investments/acquisitions in other companies (~₹15 lakh), working capital, employee salaries, stock-in-trade, and processing/corporate charges. E-voting on the revised resolutions will be held from 9:00 AM on November 5 to 5:00 PM on November 6, 2025.
Shareholders should note a meaningful shift in the company's fundraising plan — the original capital expenditure goal has been scrapped in favor of overseas investments and working capital needs, which may change the risk profile of how proceeds are deployed. The corrigendum does not extend the AGM date itself, so existing shareholders should review the revised objects before voting on November 5-6.