Rose Merc Ltd Announces Allotment of 40,000 Equity Shares Through Warrant Conversion
Rose Merc Ltd confirmed the allotment of 40,000 fully paid-up Equity Shares on April 20, 2026. The allotment was approved by the Company's Allotment Committee, constituted by the Board of Directors.The transaction involved the conversion of warrants into equity shares. The allotted shares have a face value of Rs. 10/- each.
The sole allottee for this allotment was Omprakash Singh, who received 40,000 Equity Shares resulting from the conversion of warrants.
The financial structure of the post-allotment paid-up capital was reported as follows:
| Parameter | Shares Allotted | Face Value | Total Amount |
|---|---|---|---|
| New Equity Shares (Warrants Conversion) | 40,000 | Rs. 10/- per share | Rs. 4,00,000 /- |
| Existing Share Capital | 59,90,824 | Rs. 10/- per share | Rs. 5,99,08,240 |
| Total Post-Allotment Capital | 60,30,824 | Rs. 10/- per share | Rs. 6,03,08,240 |
The allotment price for the converted shares was reported at Rs. 90/- per share, which includes a premium of Rs. 80/-.
The Company confirmed that the total number of securities allotted was 40,000 fully paid-up equity shares, resulting in the post-allotment paid-up capital standing at Rs. 6,03,08,240, consisting of 60,30,824 equity shares of Rs. 10/- each.
Stock Price Movement
On Monday, shares of Rose Merc Ltd declined, settling at ₹66.32, marking a 2.71% drop. The stock fluctuated throughout the session, testing a range between a high of ₹70.00 and a low of ₹64.15.Source:
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