Rose Merc Limited has acquired a 30.01% equity stake in Virtual Gain Technologies Private Limited for a cash consideration of ₹1 crore, marking its entry into the fintech sector. The acquisition was completed through the subscription of 4,288 equity shares at an issue price of ₹2,332 per share. Following the transaction, Virtual Gain Technologies has become a board-controlled subsidiary of Rose Merc. The strategic move aims to expand Rose Merc's presence in the digital financial services sector and invest in technology-driven businesses with strong growth potential.

Virtual Gain Technologies operates through its flagship fintech brand Pezon, providing digital payment solutions and technology services to businesses across India. The company functions as an FIU-approved Technical Service Provider (TSP) and is empanelled with leading banking institutions, including HDFC Bank, RBL Bank, and YES BANK. It focuses on delivering secure, scalable, and technology-led payment infrastructure to merchants and enterprises.

Financial Performance of Virtual Gain Technologies

The target entity has demonstrated consistent growth in turnover over the past three financial years. The figures below reflect the company's revenue trajectory prior to the acquisition.

Strategic Rationale and Approvals

Rose Merc stated that this acquisition will allow it to collaborate with a technical service provider to facilitate its entry into the Indian fintech sector. The company aims to establish and develop its own fintech division, subject to receiving necessary authorizations and approvals from shareholders and regulatory authorities. No specific governmental or regulatory approvals were required for the completion of this acquisition. The transaction was finalized within the time period agreed upon in the definitive agreements executed between the parties.

Rose Merc Limited has granted 20,000 stock options to three eligible employees under its RML Employee Stock Option Plan II 2023. The Compensation Committee approved the grant at a meeting held on June 23, 2026. Each option entitles the holder to apply for one equity share of the company with a face value of Rs 10.

The exercise price for the options is fixed at Rs 70 per option. The scheme is compliant with the SEBI (SBEBSE) Regulations, 2021. The options will vest at the completion of one year from the date of the grant.

Following vesting, the options can be exercised either wholly or partly within an overall exercise period of four years from the date of respective vesting. The Compensation Committee retains the authority to modify this exercise period.

The plan is administered by the company's Compensation Committee and includes provisions for handling options in cases of death, permanent incapacity, resignation, termination, or retirement. Adjustments to the number of options will be made in the event of corporate actions such as rights issues, bonus issues, share splits, consolidations, mergers, or reorganizations.

Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period. These shares will rank pari-passu with existing equity shares from the date of allotment.