Rose Merc Limited Issues Revised Allotment Outcome for 50,500 Equity Shares on May 06, 2026

1 min read     Updated on 07 May 2026, 07:14 PM
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AI Summary

Rose Merc Limited filed a revised allotment committee outcome for its May 06, 2026 meeting, correcting a typographical error in the number of warrant holders. A total of 50,500 fully paid-up equity shares of face value Rs.10 each were allotted at Rs.90 per share to 2 non-promoter warrant holders — Salil Divakar Deshpande (50,000 shares) and Bharat Ramdas Karnik (500 shares). Following the allotment, the company's paid-up capital stands at Rs.6,19,41,850, comprising 61,94,185 equity shares.

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Rose Merc Limited filed a revised outcome of its Allotment Committee meeting held on May 06, 2026, correcting a typographical error in the earlier disclosure pertaining to the number of warrant holders whose warrants were converted into equity shares. The revision was submitted to BSE Limited on May 07, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Except for the correction of the warrant holder count, all other details from the earlier intimation remain unchanged.

Revised Allotment Details

The Allotment Committee, constituted by the Board of Directors, approved the allotment of 50,500 fully paid-up equity shares of face value Rs.10 each, upon conversion of warrants held by 2 warrant holders. The shares were allotted at Rs.90 per share, inclusive of a premium of Rs.80 per share. Both allottees are categorised as non-promoters, with Salil Divakar Deshpande receiving 50,000 shares and Bharat Ramdas Karnik receiving 500 shares.

Sr. No.: Name of Allottee Category No. of Warrants Converted No. of Equity Shares Allotted
1 Bharat Ramdas Karnik Non-Promoter 500 500
2 Salil Divakar Deshpande Non-Promoter 50,000 50,000
Total 50,500 50,500

Capital Structure Impact

Following the allotment of 50,500 equity shares, the company's post-allotment paid-up capital stands at Rs.6,19,41,850, comprising 61,94,185 equity shares of Rs.10 each. Prior to this allotment, the existing share capital was 61,43,685 equity shares aggregating to Rs.6,14,36,850. The conversion of warrants added 50,500 equity shares amounting to Rs.5,05,000 to the equity share capital.

The committee meeting was held at the company's registered office at 15/B/4, New Sion CHS, Opp. SIES College, Behind D Mart, Sion West, Mumbai – 400022, Maharashtra, commencing at 5:45 p.m. and concluding at 6:00 p.m. The disclosure was signed by Vaishali Parkar Kumar, Managing Director (DIN: 09159108), and submitted to BSE Limited in accordance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

Historical Stock Returns for Rose Merc

1 Day5 Days1 Month6 Months1 Year5 Years
+11.92%+14.29%+6.18%+14.00%+34.20%+1,835.48%

Are there additional warrants outstanding that could be converted into equity shares, and what would be the potential dilution impact on existing shareholders?

How might the infusion of approximately Rs. 45.45 lakh from this warrant conversion be deployed by Rose Merc Limited to drive future business growth?

What is the lock-in period for the newly allotted shares held by the non-promoter allottees, and could their eventual sale create selling pressure on the stock?

Rose Merc Limited Announces Indian Cricketer Dhruv Jurel as Brand Ambassador

1 min read     Updated on 06 May 2026, 03:41 PM
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AI Summary

Rose Merc Limited announced on May 06, 2026, the appointment of Indian cricketer Dhruv Jurel as its Brand Ambassador, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The engagement is aimed at strengthening the company's presence in the sports ecosystem. Executive Director Mr. Purvesh Krishna Shelatkar and Dhruv Jurel both expressed enthusiasm for the association, citing shared values of performance, growth, and excellence. Rose Merc Limited operates across sports, media, events, fashion, and lifestyle segments.

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Rose Merc Limited, a diversified BSE-listed company with interests spanning sports, media, events, fashion, and lifestyle businesses, announced on May 06, 2026, the appointment of Indian cricketer Dhruv Jurel as its Brand Ambassador. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited.

A Strategic Move in the Sports Ecosystem

The engagement marks a significant milestone in Rose Merc Limited's efforts to deepen its footprint in the world of cricket and align its brand identity with emerging sporting talent. Dhruv Jurel, widely regarded as one of India's most promising young cricketers, is recognized for his composure, determination, and match-winning mindset. The company highlighted that his rising stature and impactful performances make him a natural fit for its vision of aligning with excellence, ambition, and future-ready talent.

Key details of the announcement are as follows:

Parameter: Details
Announcement Date: May 06, 2026
Brand Ambassador: Dhruv Jurel
Announcing Company: Rose Merc Limited
Regulatory Disclosure: Regulation 30, SEBI (LODR) Regulations, 2015
Company Segments: Sports, Media, Events, Fashion, Lifestyle
Exchange Filed: BSE Limited

Management Commentary

Mr. Purvesh Krishna Shelatkar, Executive Director, Rose Merc Limited, commented on the development:

"Dhruv Jurel represents the fearless and focused spirit of modern Indian cricket. We are delighted to have him as our Brand Ambassador. His journey and mindset strongly resonate with our vision of growth, performance, and excellence. This engagement marks a meaningful step in strengthening our presence in the sports ecosystem."

Dhruv Jurel's Response

Dhruv Jurel also shared his perspective on the association:

"I'm glad to be associated with Rose Merc Limited as their Brand Ambassador. It's encouraging to connect with a brand that is actively contributing to the sports ecosystem and supporting athletes in their journey."

About Rose Merc Limited

Rose Merc Limited is a diversified BSE-listed company headquartered in Mumbai. The company actively supports sports development with the aim of inspiring and empowering future generations. The announcement was signed by Vaishali Parkar Kumar, Managing Director of Rose Merc Limited.

Historical Stock Returns for Rose Merc

1 Day5 Days1 Month6 Months1 Year5 Years
+11.92%+14.29%+6.18%+14.00%+34.20%+1,835.48%

How might Dhruv Jurel's brand ambassadorship translate into measurable revenue growth for Rose Merc Limited's sports and media segments over the next fiscal year?

Could this partnership signal Rose Merc Limited's intent to pursue similar high-profile athlete endorsements or expand into cricket-related ventures such as franchise ownership or academies?

How will Rose Merc Limited's stock performance on BSE respond to this announcement, and could it attract increased retail investor interest given cricket's massive following in India?

More News on Rose Merc

1 Year Returns:+34.20%