Rose merc Limited has completed the allotment of 4,21,111 convertible warrants to non-promoter investors on March 27, 2026. The allotment committee, which convened from 4:30 p.m. to 4:45 p.m., approved the issuance following BSE's in-principal approval granted vide letter no. LOD/PREF/DA/FIP/1859/2025-26 dated March 12, 2026.

Warrant Allotment Details

The convertible warrants were issued at Rs. 90 per warrant, including a premium of Rs. 80. Each warrant is convertible into one equity share at any time within 18 months from the date of allotment. The total consideration for the preferential issue amounts to Rs. 3,78,99,990.

Investor Distribution

The warrants were allocated among nine non-promoter investors, with Sachin Deshpande receiving the largest allocation of 1,27,778 warrants, followed by Salil Divakar Deshpande with 83,333 warrants.

Regulatory Compliance and Conversion Terms

The preferential issue was conducted pursuant to Chapter V of the SEBI ICDR Regulations, 2018, and applicable provisions of the Companies Act, 2013. The company has received Rs. 94,74,997.50, equivalent to 25% of the aggregate consideration as required under the regulations.

The proposed allottees must pay the remaining 75% of the consideration before converting warrants into equity shares. Each warrant can be converted into one equity share with a face value of Rs. 10. The warrants are convertible in one or more tranches within the specified 18-month tenure from the allotment date.

Rose Merc Limited has successfully completed its board meeting held on March 24, 2026, announcing significant corporate developments including the allotment of equity warrants, subsidiary status changes, and strategic appointments. The board meeting, which commenced at 4:00 PM and concluded at 5:45 PM, addressed multiple key agenda items in compliance with SEBI regulations.

Equity Warrant Allotment Completed

The company has successfully allotted 3,55,723 equity warrants convertible into equity shares on a preferential basis for cash. This follows the in-principal approval granted by BSE vide letter no. LOD/PREF/DA/FIP/1859/2025-26 dated March 11, 2026.

Warrant Allottee Distribution

The warrants have been allocated among 13 investors across promoter and non-promoter categories. The largest individual allocation went to Tanveersingh Ahuja with 1,11,000 warrants, followed by Amitkumar Yogendra Singh and Niti Trivedi with 55,556 warrants each.

Subsidiary Status Changes

The board approved significant changes in subsidiary holdings, resulting in two companies transitioning from subsidiary to associate status:

Rahi Pakhle RM Private Limited: Following director resignation from the board, the company's status changed to associate. The entity contributed ₹75,000 in revenue (0.009% of total) and had a net worth of ₹58,330 (0.017% of total).

Kaale and Rose Merc Advisors Private Limited: The board approved the sale of 49% equity stake for ₹49,000, along with director resignation, changing its status to associate company. The entity generated ₹5,70,000 in revenue (0.072% of total) with a negative net worth of ₹1,65,612.06.

Strategic Appointments and New Acquisition

The board appointed Mr. Vikas Phadnis as Advisor-Strategy and Growth. Phadnis brings extensive experience as co-founder of Lighthouse Learning Group and has successfully built education enterprises over two decades.

Additionally, the company completed its investment in Abaca Care Private Limited, acquiring a 48% stake for ₹48,000. The target company operates in the organic healthcare sector, developing homeopathy pain relief products, and was incorporated on May 17, 2023.

The comprehensive board meeting outcome reflects Rose Merc Limited's strategic focus on capital raising through warrant allotment while optimizing its subsidiary portfolio and strengthening advisory capabilities for future growth initiatives.