The Board has approved reconstitution of Nomination and Remuneration Committee, Compensation Committee and Business Development and Strategic Planning Committee as attached.
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Rose Merc Limited announced the reconstitution of three key board committees — Nomination & Remuneration Committee, Compensation Committee, and Business Development & Strategic Planning Committee — via a circular resolution dated April 28, 2025. The Nomination & Remuneration Committee will be chaired by Executive Director Mr. Purvesh Krishna Shelatkar, with Independent Directors Mr. Shekhar Mennon and Mr. Uday Damodar Tardalkar as members. The Compensation Committee will be chaired by Mr. Tardalkar and includes Mr. Shelatkar, Mr. Mennon, and Mrs. Saroj Shrinivas Datar. The Business Development & Strategic Planning Committee will be chaired by Mrs. Vaishali Parkar Kumar (Executive Director, Whole Time Director, and CFO), with Mr. Shelatkar and Mr. Tardalkar as members.
This is a routine corporate governance update with no material change to the company's leadership or strategy. Shareholders are unlikely to see any meaningful impact on stock price or operations from this announcement.