Rose merc Limited has announced the signing of a Share Subscription Agreement (SSA) to acquire a significant stake in Virtual Gain Technologies Private Limited, marking the company's strategic entry into India's fintech sector. The transaction, valued at Rs.1,00,00,000, will give Rose Merc a 30.01% stake in the target company.

Transaction Details

The acquisition structure involves Rose Merc subscribing to 4,288 equity shares of Virtual Gain Technologies, each with a face value of Rs.10. The shares are priced at Rs.2,332 per share, resulting in the total transaction value of Rs.1,00,00,000.

About Virtual Gain Technologies

Virtual Gain Technologies Private Limited, incorporated on June 9, 2017, operates as a fintech and technical service provider. The company is engaged in developing online market platforms to facilitate sale, purchase, import, export, and trade of virtual digital assets, digital payments, P2P payments, e-wallet services, and Bharat bill payment system services.

The target company has demonstrated consistent revenue growth over the past three years, reflecting its expanding business operations in the fintech space.

Strategic Rationale

This acquisition represents Rose Merc's strategic initiative to collaborate with a fintech service provider and establish its presence in India's fintech sector. The company aims to develop its own fintech division through this partnership, subject to obtaining necessary authorizations, consents, and approvals from shareholders and relevant governmental and regulatory authorities.

Governance and Control Rights

Upon completion of the transaction, Rose Merc will gain significant control over Virtual Gain Technologies' operations. The company will be entitled to appoint majority directors on Virtual's Board of Directors and will have reserved matters requiring its prior approval. Additionally, Rose Merc will receive further funding and anti-dilution rights, which will be formalized in a shareholders agreement.

Regulatory and Completion Timeline

The transaction does not constitute a related party transaction, as the promoter, promoter group, and group companies have no existing interest in Virtual Gain Technologies. No specific governmental or regulatory approvals are required for this acquisition. The parties expect to complete the transaction within the timeframe agreed under the SSA, subject to satisfactory completion of due diligence and fulfillment of other conditions precedent.

Rose Merc Limited has announced its strategic entry into tennis ball cricket with the launch of Maharashtra Tennis Cricket Champions League (MTCCL) Season 1, marking a significant expansion of the BSE-listed company's sports management portfolio. The announcement was made on April 23, 2026, through a regulatory filing under Regulation 30 of SEBI listing requirements.

Strategic Partnership Details

The company has partnered with the Eknath Solkar Foundation to organize what is being positioned as Maharashtra's first premier tennis ball cricket league. This collaboration represents Rose Merc Limited's commitment to grassroots sports development and structured talent platforms.

League Format and Objectives

The MTCCL Season 1 promises to deliver high-voltage, fast-paced cricket action, bringing together top talent from across Maharashtra in an innovative format designed to expand tennis ball cricket's reach and popularity. The league's official affiliation with the Tennis Cricket Sport Federation India ensures adherence to the highest standards of organization, umpiring, and player development.

The initiative focuses on several key objectives:

• Creating structured platforms for emerging cricketers
• Promoting innovative cricket formats for enhanced accessibility
• Professionalizing tennis ball cricket at the state level
• Building sustainable sporting ecosystems
• Attracting wider audiences to grassroots cricket

Leadership Perspectives

Mr. Brijesh Solkar, representing the Eknath Solkar Foundation, emphasized the cultural significance of tennis ball cricket in Maharashtra, stating that the format has always been the heartbeat of grassroots cricket in the state. He highlighted that MTCCL aims to elevate this passion to a structured, professional level while creating real opportunities for player recognition and growth.

Mr. Purvesh Shelatkar, Executive Director of Rose Merc Limited, described MTCCL as a natural extension of the company's vision to build scalable and impactful sports properties. He noted the massive participation and viewership potential of tennis ball cricket and outlined the company's aim to professionalize the format while creating sustainable sporting ecosystems.

Company Background

Rose Merc Limited operates as a diversified BSE-listed company engaged in sports management, event organization, investments, and related activities. The company actively supports cricket academies, player sponsorships, and large-scale sporting events with the objective of nurturing talent and building sustainable sports infrastructure across India.

Regulatory Compliance

The announcement was made through proper regulatory channels, with Managing Director Vaishali Parkar Kumar (DIN: 09159108) signing the disclosure document submitted to BSE Limited under the company's scrip code 512115. The filing ensures compliance with SEBI's listing obligations and disclosure requirements for material events affecting the company's business operations.