Rose Merc Limited successfully hosted a cricket kit distribution ceremony on March 11, 2026, at the iconic Shivaji Park Gymkhana in Mumbai. The event celebrated young cricketers from the SPG Rose Merc Cricket Academy across Under-14, Under-16, and Under-19 age categories, marking a significant milestone in the company's commitment to grassroots sports development.

Distinguished Guests and Ceremony Highlights

The ceremony, which commenced at 6:00 PM at Shivaji Park Gymkhana Terrace in Dadar West, was graced by prominent cricket personalities who served as Guests of Honour:

Their presence brought immense excitement and inspiration to the young trainees, many of whom aspire to represent Mumbai and India in the future.

Academy Jersey Unveiling and Kit Distribution

A key highlight of the event was the official unveiling of SPG Rose Merc Cricket Academy T-shirts, specially designed for players across all three age categories. The academy jerseys, bearing the logos of Rose Merc Ltd and Shivaji Park Gymkhana, were unveiled by:

• Purvesh Shelatkar - Executive Director, Rose Merc Ltd
• Harshee Haria - Media Head, Rose Merc Ltd and Director of Navi Mumbai Premier League Pvt. Ltd
• Eshwari Shelatkar - Executive Director, Rose Merc Ltd and Director, Moda Orama Ventures Pvt. Ltd

The ceremony involved distribution of essential cricket attire, kits, and apparel to support the academy's talented trainees in their pursuit of excellence.

Academy Program Structure

The SPG Rose Merc Cricket Academy, relaunched through this partnership for the 2025-26 season and beyond, operates as a structured three-year high-performance development program. The academy focuses on:

• Identifying and nurturing promising young cricketers
• Providing professional coaching and fitness training
• Skill development and holistic player mentoring
• Offering freeships to deserving talents

Management Commentary

Speaking at the event, Mr. Purvesh Krishna Shelatkar, Executive Director of Rose Merc Ltd, stated: "We are deeply honoured to support the next generation of cricketers at this legendary venue. Initiatives like this felicitation ceremony underscore our commitment to sports development, empowering young athletes with the resources they need to dream big and perform at the highest levels. Seeing the joy on the faces of these Under-14, Under-16, and Under-19 players was truly rewarding."

Strategic Partnership Impact

The ceremony reinforced the partnership between Rose Merc Limited and Shivaji Park Gymkhana, widely regarded as the "Mecca of Mumbai Cricket" for producing numerous international players. This initiative aligns with Rose Merc Ltd's broader vision of promoting sports at the grassroots level, alongside its active involvement in corporate cricket leagues and other sporting initiatives.

The event was attended by academy coaches, parents, SPG officials, young players, and representatives from Rose Merc Ltd, creating a vibrant atmosphere celebrating dedication, discipline, and sporting ambition.

Rose Merc Limited has officially filed its disclosure with the Bombay Stock Exchange regarding the successful completion of its postal ballot process. The company announced on March 02, 2026, that shareholders approved all resolutions with overwhelming support, demonstrating strong confidence in the company's strategic direction.

Official BSE Filing and Regulatory Compliance

The company submitted its formal disclosure to the BSE Corporate Relations Department under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, signed by Executive Director Vaishali Parkar Kumar (DIN: 09159108), confirmed that shareholders passed all ordinary and special resolutions dated February 28, 2026, through postal ballot.

Key Approved Resolutions

The postal ballot covered four major business items that will significantly impact the company's operations and governance structure. The e-voting period commenced on Friday, January 30, 2026 (9.00 a.m. IST) and ended on Saturday, February 28, 2026 (5.00 p.m. IST).

Director Appointments and Designations:

• Regularization of Ms. Eshwari Purvesh Shelatkar (DIN: 10973309) as Executive Director effective February 28, 2026, for a five-year term
• Change in designation of Ms. Vaishali Parkar Kumar from Executive Director & Chief Financial Officer to Managing Director & Chief Financial Officer

Corporate Structure Changes:

• Increase in authorized share capital from Rs 20 crore to Rs 25 crore, divided into 2.50 crore equity shares of Rs 10 each
• Alteration of object clause in the Memorandum of Association, shifting precious stones and jewelry trading from main to other objects

Leadership Profile and Appointments

Ms. Eshwari Purvesh Shelatkar brings dynamic leadership experience across fashion, spiritual tourism, trading, and sports sectors. She has been recognized with the prestigious Emirates Luxury Show Award in Dubai for her work in uplifting Indian spiritual tourism through Eshwariy Shakti Spiritual Tourism.

At Rose Merc Limited, she manages social media marketing for the parent company and its 12 associate businesses, including high-visibility projects like the Navi Mumbai Premier League with marketing distribution across radio, television, and OTT platforms.

Capital Structure Enhancement

The approved increase in authorized share capital provides the company with enhanced financial flexibility. The new capital structure allows for 2.50 crore equity shares of Rs 10 each, representing a 25% increase from the previous Rs 20 crore authorization.

Managing Director Transition

Ms. Vaishali Parkar Kumar's elevation to Managing Director represents a significant leadership development. With over 18 years of experience in investments and equity research and a master's degree in finance from Mumbai University, she will continue her dual role overseeing both strategic and financial operations from January 29, 2026, to October 15, 2028.

Memorandum of Association Changes

The company has restructured its business objects by shifting precious stones, diamonds, pearls, jewelry, watches, and related items trading from the main object clause to other objects. Simultaneously, real estate and property development activities have been elevated to the main object clause, indicating a strategic shift in business focus.

The comprehensive postal ballot process, conducted exclusively through NSDL's remote e-voting platform, demonstrates the company's commitment to transparent governance and regulatory compliance while positioning for future growth initiatives.