Rose Merc Limited has announced its association as a key organizer and partner in the launch of the Maharashtra Tennis Cricket Champions League (MTCCL), a premier state-level tennis cricket league. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted an intimation to BSE Limited on May 04, 2026, disclosing the development. The league was officially launched on May 01, 2026—Maharashtra Day—at the MCA Club, Bandra Kurla Complex (BKC), Mumbai, in the presence of cricketing icon and former India captain Sunil Gavaskar, along with distinguished dignitaries including Karsan Ghavri, Umesh Kulkarni, and Amol Muzumdar.

League Overview and Structure

MTCCL is described as Maharashtra's first-ever premier tennis cricket league, built on a franchise-based model with a professional player auction system. The inaugural 2026 season is designed to provide a platform for emerging cricket talent across Maharashtra, with a special focus on Under-23 players. The league is organised jointly by the Eknath Solkar Foundation and Rose Merc Limited, and is affiliated with the ITCF.

Key Leadership and Founders

The league is spearheaded by founders Brijesh Solkar and Bhupendra Sinha, with co-founders Bharat Lohar and Pravin Ghevari. Senior leadership from Rose Merc Limited was present at the event, including:

• Uday Tardalkar – Chairman
• Purvesh Shelatkar – Executive Director
• Avinash Sonawane – Independent Director
• Eshwari Shelatkar – Executive Director
• Harshee Haria – Media Head
• Vikas Phadnis – Advisor
• Bijal Gandhi – Creative Head
• Jasmine Shaikh – Manager, Digital Content & Marketing

The event was managed by Ultimate Event Makers under the leadership of Pallavi Nair. Popular personalities from the Marathi comedy show Maharashtrachi Hasyajatra, including Gaurav More, Prithvik Pratap, and Vanita Kharat, also added entertainment value to the occasion.

Statements from Key Stakeholders

Speaking at the launch, Brijesh Solkar stated: "MTCCL is not just a league—it is a movement to identify and elevate grassroots talent across Maharashtra. Our strong focus on Under-23 players ensures that young cricketers get the exposure, structure, and opportunity they deserve to shine on a bigger stage."

Uday Tardalkar, Chairman of Rose Merc Limited, added: "We are proud to support a platform that blends passion, professionalism, and purpose. MTCCL will redefine tennis cricket in the state while building a sustainable pathway for young athletes to grow, compete, and succeed."

Event Highlights and Announcements

The launch event also paid tribute to the legendary Eknath Solkar, and former Indian cricketers were felicitated for their contributions to the sport. During the event, the following were unveiled:

• Official team logos
• Prize pool details
• League jersey
• Captains, mentors, and the chief selection panel

Registrations for players have already commenced on the Crickbro app, with captains already finalized and the remaining players to be selected through an upcoming player auction. Matches of MTCCL are scheduled to be broadcast live on DD Sports and Waves, ensuring wide outreach and visibility across Maharashtra.

About Rose Merc Limited

Rose Merc Limited is a diversified BSE-listed company engaged in sports management, event organisation, 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 in India.

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.