<h1>Rose Merc Ltd completes equity share allotment after conversion of warrants</h1>
Rose Merc Ltd has approved the allotment of 16,917 fully paid-up Equity Shares upon the conversion of existing warrants, as determined by its Allotment Committee. The shares have a face value of Rs. 10/- each.
The company announced that following this allocation, the post allotment paid up capital stands at Rs. 6,87,40,470/. This figure is based on 68,74,047 equity shares of Rs. 10/- each. The pre-existing share capital amounted to 68,57,130 equity shares aggregating to Rs. 6,85,71,300/-.
The allotment involved the conversion of warrants into equity shares at an allotted price of Rs. 90/-, which includes a premium of Rs. 80/-.
The allocation details for the Equity Warrants converted into Shares are as follows:
| Allottee Name | Category | Number of Equity Shares Allotted |
|---|---|---|
| Vijay Acharya | Non -Promoter | 16,667 |
| Rajesh Dilip More | Non -Promoter | 250 |
| Total | 16,917 |
The company confirmed that the allotment of 16,917 shares successfully added to its capital structure.
Stock Price Movement
Rose Merc Ltd shares settled at ₹65.55 today, missing the mark after closing down ₹1.45 or 2.16%. Throughout the trading day, the stock moved within a wide range, hitting lows of ₹64.10 and highs of ₹69.00.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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