Rose Merc Executes Shareholders Agreement with Virtual Gain Technologies
Rose Merc Limited announced the execution of a Shareholders Agreement (SHA) on June 01, 2026. This agreement was established among Rose Merc Limited, Virtual Gain Technologies Private Limited (Virtual), and the company's promoters, aimed at formally recording the inter se rights and obligations of all parties as shareholders of Virtual.The agreement follows a prior transaction where Rose Merc had recorded a proposed acquisition of a 30.01% stake in Virtual’s post issued share capital. This proposed acquisition involves the subscription to 4,288 equity shares of Virtual, having a face value of Rs. 10 each, for an aggregate consideration of Rs. 1,00,00,000.
The SHA details the operational framework for the parties. The agreement was executed among:
- Rose Merc Limited (Rose Merc)
- Amitkumar Singh and Niti Trivedi (collectively the Promoters)
- Virtual Gain Technologies Private Limited (Virtual)
The key terms outlined in the Shareholders Agreement significantly enhance Rose Merc’s role in the company governance and future growth.
| Particulars | Details |
|---|---|
| Objective | To record the inter se rights and obligations of the parties as shareholders of Virtual. |
| Acquired Stake | Rose Merc will acquire 30.01% of the post issued share capital of Virtual. |
| Governance Rights | Rose Merc will be entitled, amongst other rights, to appoint majority directors on the Board of directors of Virtual. |
| Decision Making | Reserved matters within the company require prior approval from Rose Merc. |
| Financial Rights | The agreement includes provisions for further funding and anti-dilution rights for Rose Merc. |
In terms of the capital structure, the issue price for the equity shares of Virtual is set at Rs. 2,332 per share, aggregating to Rs. 1,00,00,000.
Furthermore, regarding the operational management, the agreement facilitates a directorial appointment for the listed entity. Following the completion of the transaction, Amitkumar Singh, one of Virtual's promoters, is proposed to be appointed as a director on the Board of directors of Rose Merc.
Stock Price Movement
At 12:16, Rose Merc Ltd. shares are dipping, currently at ₹68.98, shedding 0.01% for the day. The stock has shown significant movement today, trading between an intraday low of ₹65.00 and an intraday high of ₹69.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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