- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Rose Merc Limited has forfeited 8,64,268 convertible warrants originally allotted to non-promoters. These warrants lapsed as holders did not exercise their option to convert them into equity shares within the stipulated 18-month period. Consequently, the company has forfeited the initial subscription amount of ₹3.30 Cr received from these warrants, which represented 25% of their total consideration. This action prevents potential equity dilution and retains the initial capital contribution for the company. The Board approved this forfeiture.