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

Rose Merc Limited has announced a board meeting where it approved a preferential issue of 3 lakh equity shares and 6.06 lakh warrants to non-promoters, both at a price of Rs 90 per share, aiming to raise capital. The company also decided to alter its Memorandum of Association to enter FinTech businesses, including Payment Aggregation and Prepaid Payment Instruments. To bolster this shift, Mr. Amitkumar Yogendra Singh was appointed as Executive Director and COO for the new FinTech segment, and Mr. Santosh Gavade as an Independent Director. Additionally, the board sanctioned an inter-corporate loan of Rs 10 Crore to its subsidiary, Virtual Gain Technologies, and approved the grant of 3.5 lakh employee stock options.