Rose Merc Ltd — Important, 13-11-2025: Company Update
13-11-2025 | 07:27 pm
13-11-2025 | 07:27 pm
Rose Merc Limited has completed a preferential allotment, issuing 1,37,778 equity shares at Rs. 90 each, raising approximately Rs. 1.24 Cr. Concurrently, the company allotted 50,000 convertible warrants to non-promoters at Rs. 90 each, securing about Rs. 0.45 Cr, with each warrant convertible into one equity share within 18 months. This capital infusion significantly increases the company's paid-up share capital from Rs. 5.69 Cr to Rs. 5.83 Cr, strengthening its financial position and providing funds for future growth.
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