Voting Results along with Scrutinizer Report for the Resolutions as set out in Notice of Postal Ballot dated March 31, 2025 is attached herewith. All the Resolutions stated in aforementioned ....
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Rose Merc Limited has announced the results of its Postal Ballot conducted via remote e-voting from April 6, 2025 to May 5, 2025. All 5 special resolutions were approved by members with overwhelming majority (over 99.99% in favor). Each resolution relates to granting stock options to identified employees during FY 2025-2026 exceeding 1% of the company's issued share capital. The promoter group did not participate in voting (holding only 7,200 shares out of 46,47,266 total shares). Voting was conducted electronically through NSDL platform, with CS Deepak Rane acting as scrutinizer.
Shareholders have approved ESOP option grants to identified employees exceeding 1% of issued capital for FY 2025-2026. This could lead to dilution of existing shareholders' equity if the options are exercised, though the promoter group's negligible participation (0.15% holding) means retail investors essentially drove the outcome. Minor long-term dilution risk.