Rose Merc Ltd Board Approves Capital Raise and Key Appointments; Sanctions ₹10 Crore Loan to Subsidiary

Rose Merc Ltd Board Approves Capital Raise and Key Appointments; Sanctions ₹10 Crore Loan to Subsidiary​

Rose Merc Limited has approved several significant corporate actions following a board meeting held on July 14, 2026. These decisions include the preferential issue of equity shares and warrants, the appointment of two new directors, sanctioning an inter-corporate loan to its subsidiary, and granting employee stock options (ESOPs).

The Board considered and approved the offer for the issuance and allotment of securities on a preferential basis to non-promoters. The company proposed 3,00,000 Equity Shares of face value Rs. 10/- at an issue price of Rs. 90/- per share (including a premium of Rs. 80/per share). Additionally, the Board approved the issuance of up to 6,06,111 Equity Warrants convertible into equivalent equity shares, also offered at a price of Rs. 90/- per share.

The preferential allotment process saw various non-promoter investors subscribe to both types of securities. For the Equity Shares, one investor subscribed for all 3,00,000 units. The Equity Warrants were subscribed by ten investors in total, amounting to 6,06,111 warrants.

Key details regarding the preferential issuance are summarized below:

New Leadership and Appointments​

The Board appointed Mr. Amitkumar Yogendra Singh as an Additional Director and Executive Director of the company, who is also designated as COO of the New FinTech Business Segment. Mr. Singh has a background in technology entrepreneurship, holding a B.Tech. degree and having experience spanning digital platforms and financial technology.

Furthermore, Mr. Santosh Gavade was appointed as an Additional Independent Director. Mr. Gavade has 12 years of experience working as a Legal Practitioner and Arbitrator, with expertise in civil/commercial matters including land and property disputes, arbitration, and related domains.

Corporate Transactions and Restructuring​

The company sanctioned an inter-corporate loan to its board-controlled subsidiary, Virtual Gain Technologies Private Limited. The loan amount is up to ₹10,00,00,000 (Rupees Ten Crores Only). The transaction was noted as being at arm's length basis. Rose Merc Ltd holds a 30.01% stake in the subsidiary.

In addition, the Board approved the grant of up to 3,50,000 employee stock options (ESOP) under the RML Employee Stock Options Plan 2023. The ESOPs are allocated to Mr. Jaymin Bipinchandra Patel, a Senior Vice President -Marketing at Rose Merc Limited.

The Board meeting also considered and approved the alteration of the company’s Memorandum of Association (MoA), which includes deleting certain existing clauses related to manufacturing and energy generation, and inserting new clauses focused on payment aggregation and prepaid payment instruments (PPIs).

Details concerning the inter-corporate loan transaction are presented in the following table:

Stock Price Movement​

Rose Merc Ltd shares settled on Tuesday at ₹68.00, climbing 3.03% in the market session. The company saw significant intraday movement, trading between a low of ₹62.61 and peaking at an intraday high of ₹72.50.