Rose merc Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI's depositories framework. The filing, dated April 10, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with BSE Limited. The certificate was received from MUFG Intime India Private Limited, the company's registrar and share transfer agent.

Certificate Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the confirmation certificate on April 1, 2026. The registrar confirmed that securities received from depository participants for dematerialization during the quarter were properly processed within prescribed timelines.

The certificate confirms several key compliance aspects:

• Securities received for dematerialization were confirmed to depositories
• Security certificates were mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners
• All procedures were completed within prescribed timelines

Corporate Information

Rose Merc Limited operates from its registered office at 15/B/4, New Sion CHS Swami Vallabhdas Road, Sion West, Mumbai. The company is incorporated under CIN L93190MH1985PLC035078 and maintains GSTIN 27AACCR3663B1ZM.

Registrar Details

MUFG Intime India Private Limited serves as the company's registrar and share transfer agent. The registrar operates from C-101, Embassy 247, L.B.S. Marg, Vikhroli West, Mumbai, and holds CIN U67190MH1999PTC118368. Ashok Shetty, Sr. Vice President-Corporate Registry, signed the confirmation certificate on behalf of the registrar.

This quarterly filing represents routine regulatory compliance, ensuring transparency in the company's share transfer and dematerialization processes as mandated by SEBI regulations.

Rose merc Limited has announced the forfeiture of ₹3,30,17,550 from convertible warrants that lapsed due to non-exercise of conversion options by warrant holders. The company informed BSE Limited on March 30, 2026, about this regulatory compliance action involving 8,64,268 warrants allotted to non-promoters across multiple tranches.

Warrant Allotment and Forfeiture Details

The convertible warrants were issued on a preferential basis to non-promoters in various tranches between January 2024 and May 2024. As per SEBI regulations, warrant holders had 18 months from their respective allotment dates to exercise conversion options into equity shares. The company received ₹3,30,17,550 as the initial subscription amount, representing 25% of the total consideration for these warrants.

Tranche-wise Breakdown

The warrants were allotted across multiple tranches with varying lapse dates. The earliest tranche of 1,03,900 warrants was allotted on January 2, 2024, and lapsed on July 1, 2025. The largest individual allocation went to Atharva Sanjeev Latkar and Manjiri Sanjeev Latkar, each receiving 70,000 warrants worth ₹43,75,000 in forfeited amounts.

Regulatory Compliance and Board Approval

The forfeiture action complies with Regulation 169(3) of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Under these provisions, when warrant holders fail to exercise conversion options within the stipulated timeframe, the initial subscription amount is automatically forfeited to the issuing company.

The Board of Directors approved the warrant forfeiture through a resolution passed via circulation under Section 175 of the Companies Act, 2013, on March 27, 2026. Managing Director Vaishali Parkar Kumar signed the regulatory intimation, ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact on Company Finances

The forfeited amount of ₹3,30,17,550 will be retained by Rose Merc Limited as per regulatory provisions. This represents the 25% initial subscription amount that warrant holders paid upon allotment. The forfeiture eliminates the potential dilution that would have occurred if all warrants were converted into equity shares, while providing the company with additional financial resources from the retained subscription amounts.