Rose Merc Unveils Ambitious Middle East Expansion for Eternal Runway Brand
Rose Merc Limited (BSE: ROSEMER) announced the expansion of its Eternal Runway brand into Bahrain and Saudi Arabia, launching in Winter 2025. The expansion will be executed through Emirates Holding FZ LLC and Moda Orama Ventures Private Limited. This strategic move follows the success of the brand's Dubai debut at the Emirates Luxury Show. The company aims to provide a platform for talent, blending heritage with modernity, and tap into evolving consumer preferences in the region's luxury fashion market.
30Jul 25
Rose Merc Limited Approves Preferential Issue of Equity Shares and Warrants
Rose Merc Limited's Board has approved a preferential issue of 24,222 equity shares at Rs. 90 per share and 40,000 equity warrants to non-promoters. The equity shares will be allocated to four investors, while the warrants will go to two investors. Warrant holders have 18 months to convert them into shares, with 25% upfront payment required. This move aims to strengthen the company's capital base and potentially fund growth initiatives.
Rose Merc Limited announced Q1 financial results, showing significant consolidated growth but a slight decline in standalone performance. Consolidated total income increased by 188% to Rs 2,215.01 crore, with a net profit of Rs 185.45 crore, reversing previous quarter's loss. Standalone revenue decreased by 15.16%, with net profit falling 96.10%. The company reconstituted its Audit Committee with five members to enhance financial oversight. The results reflect strong subsidiary performance offsetting standalone challenges.
24Jul 25
Rose Merc Ltd Backs National Sports Governance Bill 2025, Envisions USD 1 Trillion Sports Contribution to Indian Economy
Rose Merc Ltd strongly supports the National Sports Governance Bill 2025, viewing it as transformative for India's sports sector. The company anticipates sports contributing up to $1 trillion to India's economy. The bill introduces reforms including standardized governance structures, athlete-centric policies, transparency measures, and a dispute resolution mechanism. Rose Merc Ltd sees opportunities for corporate involvement in sports and pledges to partner with federations and invest in grassroots programs. The company also announced the resignation of Mr. Sumant Ghaisas as Independent Director.
22Jul 25
Rose Merc Limited Revises Preferential Issue Details and Secures Rights for MCA Inter Corporate League
Rose Merc Limited has revised its preferential issue, now offering 2,60,056 equity shares and 2,06,000 convertible warrants at Rs. 90 per share. The company has scheduled its 41st AGM for August 25, 2025, with a dividend record date of August 18, 2025. The Audit Committee has been reconstituted. Additionally, Rose Merc has secured exclusive rights to manage and promote the inaugural MCA Inter Corporate League, a cricket tournament featuring 100 corporate teams.
21Jul 25
Rose Merc Ltd Secures Exclusive Rights for MCA Inter Corporate Cricket League 2025
Rose Merc Ltd has obtained exclusive rights to manage and promote the inaugural MCA Inter Corporate League/Inter Office League (CCL), a cricket tournament sanctioned by the Mumbai Cricket Association through the Mazgaon Cricket Club. The tournament, set to occur before the end of 2025, will feature 100 corporate teams in a knock-out format and an elite league with eight top-tier teams. Rose Merc Ltd's rights include event management, team selling, sponsorship, and marketing. The company views this as a strategic opportunity to elevate its brand and contribute to corporate sports excellence.