The Board Meeting to be held on 06/06/2025 has been revised to 13/06/2025 The Board Meeting to be held on 06/06/2025 has been revised to 13/06/2025
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Awaiting price reaction for this filing.
Rose Merc Ltd has postponed its board meeting for the third time — originally set for May 30, then June 6, and now rescheduled to June 13, 2025. The meeting was meant to approve the audited standalone and consolidated financial results for FY ended March 31, 2025, along with the audit reports, and to consider a final dividend for FY25. The delay is due to technical difficulties in consolidating accounts, as the company recently added several subsidiaries in March 2025, including Emirates Holding FZ LLC, a UAE-based entity that became a subsidiary only on March 27, 2025. Challenges include differing exchange rates and foreign regulatory requirements. The trading window for insiders remains closed until June 15, 2025.
Shareholders will have to wait an additional week for FY25 results and any dividend announcement. The postponement itself is not negative, but the mention of consolidation challenges across multiple new subsidiaries, including a foreign one, is worth tracking once results are declared.