Rose merc Limited has successfully allotted 13,000 equity shares to employees under its Employee Stock Option Plan, marking a significant milestone in the company's employee incentive program. The allotment was approved by the Compensation Committee on March 16, 2026, pursuant to the RML Employee Stock Option Plan II, 2023.

Share Allotment Details

The company allotted 13,000 equity shares with a face value of Rs. 10 each to grantees who exercised their stock options under the ESOP scheme. The shares were issued at an exercise price of Rs. 150 per share, generating total proceeds of Rs. 19.50 lakh for the company.

Impact on Share Capital

Following the allotment, Rose Merc Limited's equity structure has been enhanced. The newly issued shares rank pari-passu with existing equity shares in all respects, providing equal rights and benefits to the holders.

ESOP Scheme Framework

The RML Employee Stock Option Plan II, 2023 was designed as a comprehensive employee incentive program. Under this scheme, the company initially granted 21.95 lakh stock options to 5 eligible employees, demonstrating its commitment to employee participation in the company's growth.

Key ESOP Features:

• Vesting Period: Options vest after completion of one year from the grant date
• Exercise Window: Options can be exercised within four years of vesting
• Administration: Managed by the company's Compensation Committee
• Regulatory Compliance: Fully compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Regulatory Compliance

The allotment has been conducted in full compliance with regulatory requirements. The company filed the necessary disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the initial ESOP filing was made with BSE on August 11, 2023.

The newly allotted shares are not subject to any lock-in restrictions and will be available for trading immediately upon listing. The company has confirmed that all procedural requirements have been met, ensuring smooth integration of the new shares into the existing equity structure.

Rose Merc Limited successfully hosted a cricket kit distribution ceremony on March 11, 2026, at the iconic Shivaji Park Gymkhana in Mumbai. The event celebrated young cricketers from the SPG Rose Merc Cricket Academy across Under-14, Under-16, and Under-19 age categories, marking a significant milestone in the company's commitment to grassroots sports development.

Distinguished Guests and Ceremony Highlights

The ceremony, which commenced at 6:00 PM at Shivaji Park Gymkhana Terrace in Dadar West, was graced by prominent cricket personalities who served as Guests of Honour:

Their presence brought immense excitement and inspiration to the young trainees, many of whom aspire to represent Mumbai and India in the future.

Academy Jersey Unveiling and Kit Distribution

A key highlight of the event was the official unveiling of SPG Rose Merc Cricket Academy T-shirts, specially designed for players across all three age categories. The academy jerseys, bearing the logos of Rose Merc Ltd and Shivaji Park Gymkhana, were unveiled by:

• Purvesh Shelatkar - Executive Director, Rose Merc Ltd
• Harshee Haria - Media Head, Rose Merc Ltd and Director of Navi Mumbai Premier League Pvt. Ltd
• Eshwari Shelatkar - Executive Director, Rose Merc Ltd and Director, Moda Orama Ventures Pvt. Ltd

The ceremony involved distribution of essential cricket attire, kits, and apparel to support the academy's talented trainees in their pursuit of excellence.

Academy Program Structure

The SPG Rose Merc Cricket Academy, relaunched through this partnership for the 2025-26 season and beyond, operates as a structured three-year high-performance development program. The academy focuses on:

• Identifying and nurturing promising young cricketers
• Providing professional coaching and fitness training
• Skill development and holistic player mentoring
• Offering freeships to deserving talents

Management Commentary

Speaking at the event, Mr. Purvesh Krishna Shelatkar, Executive Director of Rose Merc Ltd, stated: "We are deeply honoured to support the next generation of cricketers at this legendary venue. Initiatives like this felicitation ceremony underscore our commitment to sports development, empowering young athletes with the resources they need to dream big and perform at the highest levels. Seeing the joy on the faces of these Under-14, Under-16, and Under-19 players was truly rewarding."

Strategic Partnership Impact

The ceremony reinforced the partnership between Rose Merc Limited and Shivaji Park Gymkhana, widely regarded as the "Mecca of Mumbai Cricket" for producing numerous international players. This initiative aligns with Rose Merc Ltd's broader vision of promoting sports at the grassroots level, alongside its active involvement in corporate cricket leagues and other sporting initiatives.

The event was attended by academy coaches, parents, SPG officials, young players, and representatives from Rose Merc Ltd, creating a vibrant atmosphere celebrating dedication, discipline, and sporting ambition.