Rose Merc Ltd — Important, 02-06-2026: Company Update
02-06-2026 | 12:07 pm
02-06-2026 | 12:07 pm
Rose Merc has entered a collaboration agreement with Virtual Gain Technologies Private Limited and its promoters to establish a new fintech business division. This partnership outlines a 50:50 revenue sharing arrangement for developing payment aggregation, switching, and payout solutions. A Virtual promoter will join Rose Merc's board and lead the fintech division. This strategic move aims to leverage Virtual's technical expertise for Rose Merc's entry into the fintech sector, pending necessary shareholder and regulatory approvals. Rose Merc's last three years' turnovers were 3.18 Cr, 3.20 Cr, and 6.19 Cr, while Virtual's were 0.65 Cr, 0.99 Cr, and 1.24 Cr.
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