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Rose Merc.Limited — Capital/Financing Update 2023
May 4, 2023
63782_rns_2023-05-04_bf7c8c8b-8da1-48b1-96b5-af603827af4e.pdf
Capital/Financing Update
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(CIN:L24110MH1985PLC035078) Address:Office No:12, Priyadarshani Roj Bazar Soc, Sector- 10, Khanda Colony, New Panvel (West), Mumbai, Maharashtra- 410206, India Email ID:[email protected] Tele: 022-60602179 Website: www.rosemercltd.com
Date: 04[th] May, 2023,
To, The Corporate Relations Department, Bombay Stock Exchange Limited, P] Tower, Dalal Street, Fort, Mumbai-400001
BSE Scrip Code:512115Scrip ID:ROSEMER
Subject: Outcome of Meeting of the Boardheld on 04[th] May 2023 for allotment of 7,45,000 EquityWarrants under Regulation 30 of SEBI (LODR) Regulations, 2015
Dear Sir/Madam,
We wish to inform you that the meeting of the Board of Rose Merc Limited was held today, i.e., Thursday , 04[th] May, 2023 at 3:30 P.M. and concluded on 4:30 P.M. at the Registered office of the Company situated at Office No.12, Priyadarshani Roj Bazar Soc., Sector- 10, Khanda Colony, New Panvel (West) Mumbai - 410206. It discussed and approved the matter with respect to the issuance of 7,45,000 warrants convertible into equity shares of face value Rs.10/- each of the Company to non-promoters on preferential basis under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’), we hereby inform you that:
Allotment of Equity warrants convertible into equity shares of the company on preferential basis for cash
The Members of the company by passing resolutions through postal ballot on April 9 2023 had approved issue of 7,45,000 warrants convertible into Equity Shares of Rs.10/- each of the Company, at a price of Rs.50/- per Shares (Including premium of Rs.40/- per Shares) on a preferential basis in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The Company has also received in-principle approval for issue of such securities from BSE on April 20, 2023 prior to allotment of the same.
As per terms of issue of aforesaid Equity warrants approved by the Members of the company an amount equivalent 25% of the Issue Price for Warrants has been received from below mentioned allotees and accordingly the board has decided to allot them Equity Warrants as follows:
| Sr. No. |
Name of the Investors | No. of Warrants Allotted |
Category |
|---|---|---|---|
| 1 | Aditi Natwar Daga | 20,000 | Non- Promoter |
| 2 | Anant Balkrishna More | 25,000 | Non- Promoter |
| 3 | Anita Jain | 40,000 | Non- Promoter |
| 4 | Chaitanya Vaidya | 50,000 | Non- Promoter |
| 5 | Manisha Pandurang Jadhav | 50,000 | Non- Promoter |
| 6 | Manohar Sonu Temkar | 10,000 | Non- Promoter |
| 7 | Nanak Singh Ajmani(HUF) | 1,00,000 | Non- Promoter |
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(CIN:L24110MH1985PLC035078) Address:Office No:12, Priyadarshani Roj Bazar Soc, Sector- 10, Khanda Colony, New Panvel (West), Mumbai, Maharashtra- 410206, India Email ID:[email protected] Tele: 022-60602179 Website: www.rosemercltd.com
| 8 | Nishank Jain | 40,000 | Non- Promoter |
|---|---|---|---|
| 9 | PrasadVishnuShanbhag | 50,000 | Non- Promoter |
| 10 | Rajen Hemchand Gada | 80,000 | Non- Promoter |
| 11 | Rajesh Vig | 50,000 | Non- Promoter |
| 12 | Saanvi PrayagShelatkar | 50,000 | Non- Promoter |
| 13 | SonuSurjitVasan | 80,000 | Non- Promoter |
| 14 | Sunita RajeshChaudhary | 50,000 | Non- Promoter |
| 15 | UdayDamodar Tardalkar | 50,000 | Non- Promoter |
| **Total ** | 7,45,000 |
The equity shares to be allotted upon conversion of warrants shall rank pari-passu with existing Equity Shares of the Company in all respect.
Further, in terms of the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the 7,45,000Equity warrants are convertible into equivalent number of equity shares issued for consideration in cash.
Further, the warrants so allotted, as stated above share be issued in demat and shall be subject to lock-in as provided under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Authorisation to the Managing Director/ Director/Company Secretary of the Company to file application with the Stock Exchanges for Listing & Trading approval and obtain other necessary approvals if any from Stock Exchanges, SEBI and also authorized to make applications to NSDL/CDSL to credit the allotted equity shares in the demat account of allottees or any other regulatory authority with respect to 7,45,000 Equity warrants convertible into equity shares allotted and also file necessary forms, deeds & documents to concerned Registrar of Companies.
Thanking You, Yours Faithfully,
ForRose Merc Limited
SHAIKH NOORUDDIN Digitally signed by SHAIKH NOORUDDIN MOHAMMED MOHAMMED Date: 2023.05.04 16:32:07 +04'00'
Nooruddin Mohammed Shaikh Director DIN: 09660481