Rose Merc Ltd — Important, 09-12-2025: Company Update

Rose Merc Ltd has signed a non-binding Letter of Intent to acquire a 30% stake in Virtual Gain Technologies Private Limited (VGTPL) for 15 Crore. VGTPL is an IT/technology company specializing in digital commerce and financial services, known for platforms like Payzon for payment aggregation, web development, and e-commerce solutions. This acquisition aims to strengthen Rose Merc Ltd’s presence in the e-commerce and digital technology sector by leveraging VGTPL's expertise. VGTPL's turnover was INR 98,87,700 in the latest financial year. The proposed deal is contingent on due diligence and all necessary approvals.