Rose Merc Limited accepted the resignation of Abhijeet Tipnis as an Independent Director effective June 16, 2026. Tipnis stepped down due to his inability to devote the necessary time and attention to discharge his responsibilities effectively, citing professional and personal commitments. The company confirmed that there are no other material reasons for his resignation and that he holds no concerns regarding the management, operations, policies, or affairs of the company.

The resignation was communicated to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that Tipnis does not hold directorships in any other listed entities. The Managing Director, Vaishali Parker Kumar, signed the regulatory filing on June 17, 2026.

Resignation Details

The following table outlines the key particulars of the director's cessation:

Tipnis confirmed that he does not have any concerns requiring disclosure to shareholders or regulatory authorities. He expressed appreciation to the Board, management, and employees for their support during his tenure.

Rose Merc Limited has been recognized as the “Global Rising Star 2026” at the Global Brand & Leadership Conclave 2026, held at the House of Lords, British Parliament in London. The award, conferred via jury selection, acknowledges the company's growth, innovation, leadership, and commitment to long-term value creation across its diversified business segments. This recognition places the BSE-listed enterprise on an international platform, celebrating its evolution from a diversified Indian entity to an organization with a growing global footprint.

Strategic Diversification Drives Growth

Rose Merc Limited operates across sports, media, events, financial services, and consumer businesses. The company focuses on building long-term value through a multi-sector growth strategy. Its portfolio includes interests in event management, retail trade, broadcasting, sports management, consumer products, and financial consulting. This diversified ecosystem allows the company to adapt to evolving market fundamentals and sustain growth.

Sports and Community Engagement

A significant component of Rose Merc Limited’s operations is its involvement in sports management. The company is associated with the Navi Mumbai Premier League (NMPL), a professional T20 cricket league. The league provides a platform for young cricketers to showcase their talent, with many advancing to the IPL, WPL, Ranji Trophy, and national teams. Rose Merc Limited manages league-level sponsorship, talent, and community engagement for the initiative.

Management Commentary

Mr. Purvesh Krishna Shelatkar, Executive Director of Rose Merc Limited, stated that the recognition reflects the collective efforts of the team, partners, and stakeholders. He emphasized that the award strengthens the company’s resolve to build a globally relevant, diversified organization rooted in performance, innovation, and long-term value creation. The management views this accolade as a milestone in its journey toward expanding its presence across multiple sectors.

Innovation and Partnerships

The company has forged strategic collaborations in finance, technology, and sustainability. Through partnerships with fintech innovators like Virtual Cash Technologies, Rose Merc Limited supports the development of secure payment solutions. Additionally, its ESG LABS venture promotes responsible business practices and climate-conscious investment models. The company also holds stakes in prestigious events like the IIFA Awards, facilitating global fashion and event management collaborations.