Rose Merc acquires Lonavala bungalow for ₹1.30 Cr

1 min read Updated on 18 Jul 2026, 07:39 PM

Reviewed by

Anirudha BScanX News Team

AI Summary

Rose Merc Limited has completed the acquisition of a bungalow property in Lonavala, Maharashtra, for a total consideration of ₹1.30 crore. The transaction, finalized on July 17, 2026, involves a freehold immovable property acquired via a registered Sale/Conveyance Deed. This acquisition aligns with the company's objectives for strategic expansion and the creation of long-term asset value.

*this image is generated using AI for illustrative purposes only.

The acquisition follows a Board meeting held on January 20, 2026, where directors approved the purchase of immovable property for an aggregate consideration of up to ₹2,00,00,000. The final deal value of ₹1,30,00,000 is within the sanctioned limit and is consistent with the objects of the preferential issue approved by the Board and shareholders.

The property comprises non-agricultural land measuring 258.35 sq. metres, representing a 50% share of Plot No. 5 bearing Survey No. 124/2. It includes a bungalow with Municipal House No. 493, featuring a stilt plus two upper floors and a built-up area of approximately 1,721 sq. ft. The sellers for the transaction were Mr. Sachin Diwakar Deshpande and Mr. Salil Diwakar Deshpande.

Transaction Details

Particulars	Details
Date of Acquisition	July 17, 2026
Consideration	₹1,30,00,000
Property Type	Freehold immovable property
Location	Village Valvan, Taluka Maval, District Pune, Maharashtra
Built-up Area	Approximately 1,721 sq. ft.
Land Area	258.35 sq. metres (50% share of Plot No. 5, Survey No. 124/2)

The company confirmed that the transaction was undertaken at arm's length and does not fall within related party transactions. Furthermore, the promoter or promoter group holds no interest in the transaction. The property has been acquired for the company's business purposes.

Historical Stock Returns for Rose Merc

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.60%	+2.87%	+7.91%	-7.20%	-38.77%	+1,674.19%

How does Rose Merc Limited plan to utilize the Lonavala bungalow to generate revenue or support its specific business operations?

Will the company utilize the remaining ₹70 lakh from the sanctioned ₹2 crore limit for further real estate acquisitions in the near future?

Does this acquisition signal a strategic shift towards investing in tangible real estate assets rather than core business working capital?

Read Next Article

Rose Merc corrects ESOP plan name in Board meeting outcome

1 min read Updated on 15 Jul 2026, 10:57 PM

Reviewed by

Riya DScanX News Team

Add as a preferred
source on Google

AI Summary

Rose Merc Limited corrected a typographical error in its Board meeting outcome submitted on July 14, 2026, changing the plan name to RML Employee Stock Option Plan II 2023. The Board granted 3,50,000 options to Mr. Jaymin Bipinchandra Patel, exceeding 1% of the paid-up equity share capital.

*this image is generated using AI for illustrative purposes only.

Rose Merc Limited has corrected a typographical error in its Board meeting outcome submitted on July 14, 2026, regarding the name of its Employee Stock Option Plan. The company clarified that the plan approved for granting options is the RML Employee Stock Option Plan II 2023, not the RML Employee Stock Option Plan 2023 as previously stated. The Board granted 3,50,000 employee stock options under this plan to Mr. Jaymin Bipinchandra Patel, Senior Vice President – Marketing. This grant exceeds 1% of the paid-up equity share capital of the company and was recommended by the Compensation Committee.

The correction specifically pertains to Item No. 6 and Annexure VI of the earlier filing. The revised details confirm that the type of securities is the RML Employee Stock Option Plan II 2023, and the tenure or conversion will be as per the terms specified in this plan. The issue price for these options will be decided by the Compensation Committee on the date of the grant.