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

Rose Merc Limited's Board held a meeting, approving a strategic pivot into FinTech. This includes a preferential issue of 3 lakh equity shares for ₹2.7 Cr and 6.06 lakh convertible warrants for ₹5.45 Cr to non-promoters. The company will alter its business objectives to focus on Payment Aggregator and Prepaid Payment Instrument services. They appointed an Executive Director as COO for the new FinTech segment and an Independent Director. Additionally, a ₹10 Cr loan was extended to its subsidiary, Virtual Gain Technologies Private Limited, and 3.5 lakh employee stock options were granted to a Senior Vice President.