Rose Merc Limited confirmed the sudden and unexpected passing of its Executive Director, Purvesh Krishna Shelatkar, on Sunday, September 27, 2026. The company described his loss as irreparable for the organization and its workforce.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights the immediate impact on the company's leadership structure following the cessation of the director's tenure due to death.

Leadership Transition Details

The company submitted a formal notification detailing the change in directorship. The specific particulars regarding the event were outlined in Annexure-I of the regulatory filing, adhering to SEBI Circular No. HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Statement

Rose Merc expressed deep sympathy and condolences to the family of the late director. The management acknowledged his valuable contributions during his tenure, noting that he will be remembered for his leadership, guidance, and dedication to the company's growth.

The filing was signed by Vaishali Parkar Kumar, Managing Director (DIN: 09159108), on behalf of the Board of Directors. The company requested the stock exchange to take the disclosure on record.

Rose Merc Limited shareholders voted to pass all eight resolutions at the 42nd Annual General Meeting held on September 10, 2026. The meeting, conducted via Video Conferencing and Other Audio Visual Means, saw 1,546,784 votes polled from public non-institutional shareholders, representing 22.56% of outstanding shares.

Mr. Uday Damodar Tardalkar, Independent Director, chaired the proceedings. Twenty-five members attended, satisfying quorum requirements under Section 103 of the Companies Act, 2013. The Scrutinizer Report was issued by CS Deepak Rane on September 11, 2026.

Voting Results Overview

All six ordinary resolutions received 100% assent with no dissenting votes. The two special resolutions also passed, with one seeing near-unanimous support.

Key Resolutions

Ordinary Business

Shareholders unanimously approved the adoption of audited standalone and consolidated financial statements for FY26. The final dividend of ₹0.35 per equity share of face value ₹10 each was declared, representing 3.5% of the face value.

Mr. Purvesh Krishna Shelatkar and Mr. Omprakash Singh were reappointed as directors after retiring by rotation. M/s. D G M S & Co., Chartered Accountants (Firm Registration No. 112187W), was appointed as Statutory Auditors.

Special Business

The special resolution approving investments or loans to subsidiary companies up to an aggregate amount of ₹20 crore passed with 99.98% assent. Only 200 votes were cast against this resolution, representing 0.12% of total votes polled.

The alteration of the object clause in the Memorandum of Association was approved unanimously.

What the Numbers Show

The voting pattern reveals strong alignment between institutional and retail shareholders on routine matters, with 100% assent across all ordinary resolutions. The single dissenting block on the ₹20 crore subsidiary investment resolution indicates minor shareholder scrutiny regarding capital deployment to related entities, though the overwhelming majority supported the board's proposal.