Rose Merc Limited appointed Ms. Niti Trivedi as an Additional Executive Director and applied to carry on the business of Payment Aggregation, signaling a strategic pivot toward fintech operations.

The board meeting held on October 19, 2026, approved the appointment of Ms. Trivedi for a five-year term until October 18, 2031, subject to shareholder approval. She brings experience in business development, FinTech, and Web3 technologies across India and the UAE.

Strategic appointments and committee changes

In addition to the directorial appointment, the board designated Ms. Qazi Gulshan as Strategic Advisor for Fintech and Fashion. The company also reconstituted multiple statutory committees to align with its evolving operational structure.

Ms. Eshwari Purvesh Shelatkar was appointed as Nominee Director on the boards of three subsidiaries: Virtual Gain Technologies Private Limited, Outcry Media Solutions Private Limited, and Emirates Holding FZ LLC. These appointments replace the late Mr. Purvesh Krishna Shelatkar.

Committee reconstitution details

The board approved the following composition for key committees:

Regulatory compliance and filing

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application for the Payment Aggregator license marks a significant regulatory step for the company, moving beyond its traditional scope into regulated financial services.

Rose Merc Limited confirmed the sudden and unexpected passing of its Executive Director, Purvesh Krishna Shelatkar, on Sunday, September 27, 2026. The company described his loss as irreparable for the organization and its workforce.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights the immediate impact on the company's leadership structure following the cessation of the director's tenure due to death.

Leadership Transition Details

The company submitted a formal notification detailing the change in directorship. The specific particulars regarding the event were outlined in Annexure-I of the regulatory filing, adhering to SEBI Circular No. HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Statement and Continuity Assurance

Rose Merc expressed deep sympathy and condolences to the family of the late director. The management acknowledged his valuable contributions during his tenure, noting that he will be remembered for his leadership, guidance, and dedication to the company's growth.

In a subsequent statement dated October 3, 2026, the company reaffirmed its commitment to business continuity. Rose Merc stated that its operations and day-to-day activities continue as normal. The management emphasized that the company remains strong, stable, and focused on serving stakeholders while pursuing its strategic objectives.

The filing was signed by Vaishali Parkar Kumar, Managing Director (DIN: 09159108), on behalf of the Board of Directors. The company requested the stock exchange to take the disclosure on record, highlighting that the experienced management team and established systems will support the transition.