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Rose Merc Limited has announced a board meeting on the allotment of 8,000 fully paid-up equity shares of Rs. 10 each upon conversion of warrants issued on a preferential basis. These shares were allotted to non-promoter Renu Khatri at Rs. 100 per warrant, including a premium of Rs. 90. Following this allotment, the company’s paid-up equity capital stands at Rs. 5.54 Cr, comprising 55.37 lakh equity shares. This move slightly increases equity capital and reflects the exercise of warrants, which can improve liquidity and shareholder base.