Rose Merc Limited has executed a third amendment to its share subscription agreement (SSA) for acquiring a 30.07% stake in Emirates Holding FZ LLC. This latest modification, signed on October 10, 2025, primarily alters the payment terms for the subscription amount under the original agreement dated December 22, 2024.

Key Details of the Amendment

Implications and Control

Rose Merc maintains board control of Emirates Holding, making it a board-controlled subsidiary. The company has appointed two nominee directors on Emirates' board:

1. Mr. Purvesh Shelatkar
2. Ms. Vaishali Parkar

Transaction Details

• The transaction is considered a related party transaction.
• It is being conducted on an arm's length basis.
• Rose Merc's shareholding in Emirates Holding remains at 30.07% of the post-issue share capital.

Background

This marks the third modification to the original acquisition agreement, following previous amendments in March and September 2025. The initial SSA was executed on December 22, 2024, outlining the terms and conditions for Rose Merc's acquisition of a 30.07% stake in Emirates Holding.

Rose Merc Limited informed the stock exchange about these developments in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company continues to adapt its acquisition strategy, demonstrating flexibility in its approach to this significant stake in Emirates Holding FZ LLC.

Rose Merc Limited (RML), a prominent Indian listed company, has announced a strategic collaboration with AuctusESG Private Limited, a global sustainable finance and ESG advisory firm. The partnership, formalized through a Memorandum of Understanding (MoU) signed on October 9, 2025, aims to advance sustainable finance and Environmental, Social, and Governance (ESG) initiatives across India and international markets.

Key Highlights of the Partnership

The collaboration between Rose Merc Limited and AuctusESG encompasses several crucial areas:

Scope and Implementation

The partnership will operate across India, including GIFT City, and extend to international markets. A joint working group will be established to oversee and facilitate the implementation of initiatives undertaken pursuant to the MoU.

Leadership Perspectives

Mr. Uday Tardalkar, Chairman of Rose Merc Limited, emphasized the significance of the partnership, stating, "This collaboration with AuctusESG represents a significant step toward advancing sustainable finance in India and beyond. By combining our strengths in resource mobilization and fintech with AuctusESG's expertise in ESG and climate strategies, we aim to create impactful solutions that drive positive change in the financial ecosystem."

Ms. Namita Vikas, Founder & Managing Director of AuctusESG, expressed enthusiasm about the collaboration, noting, "We are excited to collaborate with Rose Merc Limited to unlock new opportunities in sustainable finance, ESG and climate transition. This partnership aligns with our mission to accelerate sustainable finance and foster resilience in financial systems globally."

Company Profiles

Rose Merc Limited, headquartered in Mumbai, Maharashtra, specializes in financial services, fintech collaborations, media, sports sponsorships, entertainment, and fashion events. The company is known for its expertise in resource mobilization and sponsorship facilitation.

AuctusESG Private Limited is a global firm providing strategic and transaction advisory services in sustainable finance and climate transition. The company has a presence in India, UAE, South Africa, UK, and North America, and has completed 30 impactful projects across 19 geographies over the past five years.

This strategic partnership between Rose Merc Limited and AuctusESG Private Limited marks a significant step towards promoting sustainable finance and ESG initiatives, potentially reshaping the landscape of financial services with a focus on environmental and social responsibility.