Rose Merc Limited’s Board has approved the preferential allotment of 3,00,000 equity shares and 6,06,111 warrants to non-promoters to raise capital. The securities are priced at ₹90 per share, including a premium of ₹80, and the issuance is subject to shareholder approval via postal ballot. The Board also sanctioned an inter-corporate loan of ₹10 crore to its subsidiary, Virtual Gain Technologies Private Limited, and appointed two new directors to strengthen its leadership team.

Preferential Allotment Details

The preferential issue includes equity shares and convertible warrants, both with a face value of ₹10. Zclus (India) Limited will subscribe to the 3,00,000 equity shares. The 6,06,111 warrants, which are convertible into equivalent equity shares, will be allotted to ten non-promoter investors, including Bhupendra Ramashrya Lal Sinha and Amitkumar Yogendra Singh. The warrants have a tenure of 18 months from the date of allotment, requiring 25% of the consideration upfront and the balance upon conversion.

Board Appointments and ESOPs

The Board appointed Mr. Amitkumar Yogendra Singh as an Additional Director designated as Executive Director and COO of the New FinTech Business Segment for a term ending July 13, 2031. Mr. Santosh Sambhaji Gavade was appointed as an Additional Independent Director for the same period. Additionally, the Board approved the grant of up to 3,50,000 employee stock options under the RML Employee Stock Options Plan 2023 to Mr. Jaymin Bipinchandra Patel, a Senior Vice President– Marketing.

Corporate Approvals and Amendments

Rose Merc Limited approved an inter-corporate loan of ₹10 crore to Virtual Gain Technologies Private Limited, a board-controlled subsidiary in which the company holds a 30.01% stake. The unsecured loan is on an arm's length basis. The Board also approved alterations to the Object Clause of the Memorandum of Association to include new business activities such as payment aggregator services and the issuance of prepaid payment instruments, subject to regulatory approvals.

Rose Merc Ltd , together with its subsidiary Emirates Holding FZ LLC and strategic partner Moda Orama Ventures Pvt. Ltd. (MOVE), announced the organization of the 2026 Emirates Awards and Emirates Luxury Show in Dubai, UAE. The event, scheduled for 2026, will be held in collaboration with PEZON and CineKorn Entertainment. This initiative reflects the company's continued focus on expanding its presence in the global luxury, lifestyle, entertainment, and business ecosystem through strategic collaborations.

Building on the success of the inaugural 2025 edition, the 2026 event is designed to be larger in scale, bringing together distinguished leaders and innovators from various sectors. The company aims to strengthen its position in the global market by creating internationally recognized intellectual properties that promote innovation and cross-border business opportunities.

The event will feature three primary platforms: the Emirates Awards, which recognizes excellence across business, entrepreneurship, and fashion; the Emirates Luxury Show, showcasing luxury brands and premium lifestyle experiences; and a Business & Lifestyle Exhibition for networking and global expansion.

The 2026 edition will benefit from extensive international media coverage through a network of partners including Khaleej Times, Filmfare Middle East, India TV, Aaj Tak, Zee TV, ZEE5, and Times Now. This media outreach is expected to provide significant visibility for participating brands, entrepreneurs, and investors.

Purvesh Shelatkar, Executive Director of Rose Merc Limited, stated that the overwhelming response to the inaugural edition encouraged the company to elevate the platform. He emphasized the commitment to building globally recognized properties that connect luxury and innovation while fostering international collaborations. Hanif Shaikh, Chairman of Emirates Holding FZ LLC, highlighted that the platform reflects Dubai's vision of bringing together global talent and business excellence.