Rose Merc Ltd — Important, 14-07-2026: Company Update

Rose Merc Limited's Board approved a strategic pivot into FinTech, altering its MoA to pursue Payment Aggregator, PPI, and online payment processing businesses, replacing old water and power objects. To fund this, the company plans a preferential issue of 3 lakh equity shares for ₹2.7 Cr and 6.06 lakh warrants for approximately ₹5.45 Cr to non-promoters, subject to shareholder nod. Amitkumar Yogendra Singh was appointed Executive Director and COO for the new FinTech segment, with Santosh Gavade joining as an Independent Director. The company also extended a ₹10 Cr inter-corporate loan to its subsidiary and granted 3.50 lakh employee stock options.