Submission of Copies of Newspaper Advertisement of Postal Ballot Notice.
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Rose Merc Limited has submitted to BSE copies of newspaper advertisements published on October 30, 2025 regarding its Postal Ballot Notice dated October 29, 2025. The Postal Ballot seeks shareholder approval for a preferential issue of 2,84,278 equity shares and 2,26,000 convertible warrants to non-promoters. A corrigendum to the original AGM Notice clarifies how the Rs. 4.59 crore being raised will be used: Rs. 2 crore for investment in Emirates Holding FZ LLC (UAE), Rs. 1.5 crore for investment/acquisition in other companies, Rs. 1 crore for working capital, and Rs. 9.25 lakh for processing and professional fees. Voting is entirely through remote e-voting, open from October 30 to November 28, 2025, with results to be declared within 48 hours of close. The postal ballot is conducted in compliance with SEBI and Companies Act provisions.
Shareholders will have the chance to approve or reject a preferential allotment to non-promoters, which would dilute existing holdings. The funds are earmarked for overseas expansion (UAE subsidiary), acquisitions, and working capital — a mix of growth investment and operational needs. Watch for the voting result around late November 2025, as outcome will determine if the share issuance goes ahead.