Voting results of the Postal Ballot along with Scrutinizer Report for the Notice dated October 29, 2025.
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Rose Merc Ltd has announced the voting results of a Postal Ballot that closed on November 28, 2025. The single special resolution was to approve payments to a related party and board-controlled subsidiary, Emirates Holding FZ LLC, for the acquisition of shares. Out of 1,179 total shareholders, only 17 voted, with 4,84,182 votes polled out of 55,37,268 total shares (an 8.74% turnout). The resolution passed comfortably with 4,75,344 votes in favour (98.17%) and only 8,838 votes against (1.83%). The scrutinizer, CS Deepak Rane, confirmed the resolution was passed by the requisite majority.
Shareholders have cleared a related-party payment for share acquisition through a subsidiary, with overwhelming support despite very low voter turnout. The thin participation means a small number of shareholders effectively approved this related-party transaction, which retail investors should monitor for execution details and valuation disclosures.