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Rose Merc.Limited Capital/Financing Update 2024

May 6, 2024

63782_rns_2024-05-06_eb2d07a4-8d86-4b40-8aeb-4d6599ba6301.pdf

Capital/Financing Update

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Date: May 06, 2024

To, BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai - 400001

Kind Attention: Corporate Relationship Department

BSE Script Code: 512115; Scrip ID: ROSEMER

Subject: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in relation to the acquisition of shares in M/S. Jadhav Rose Merc Sports Private Limited and M/S. Bhaktiworld Media And Entertainment Private Limited by Rose Merc Limited

Dear Sir/Madam,

We wish to inform the Stock Exchange that Rose Merc has acquired 49% of the share capital of M/S. Jadhav Rose Merc Sports Private Limited and 50% of the share capital of M/S. Bhaktiworld Media And Entertainment Private Limited

We have set out the requisite disclosures in relation to the acquisition in Annexure A .

We request the Stock Exchange to take on record the aforesaid and acknowledge the receipt of the same.

Thanking You, Yours Faithfully

For Rose Merc Limited

VAISHALI Digitally signed by VAISHALI PARKAR PARKAR KUMAR Date: 2024.05.06 KUMAR 19:26:07 +05'30'

Vaishali Parkar Kumar

Executive Director DIN: 09159108

Annexure A

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.


13, 2023.
Particulars Details Details
Name
of
the
Target
Entity,
details in brief
such
as
size,
turnover etc.
Jadhav
Rose
Merc
Sports
Private Limited
Jadhav
Rose
Merc
Private
Limited is newly Incorporated
hence details of Size, Turnover
is not available
Bhaktiworld Media And Entertainment
Private Limited
Bhaktiworld Media And Entertainment
Private Limited is newly Incorporated
hence details of Size, Turnover is not
available
Whether
the
acquisition
would
fall
within
related
party
transaction(s)
and whether the
promoter/
promoter
group/
group
companies have
any interest in
the entity being
acquired? If yes,
nature
of
interest
and
details
thereof
and whether the
same is done at
“arm’s length”.
Not a related party transaction.
The
Promoter/
Promoter
Group/Group Companies do
not have any interest in Jadhav
Rose
Merc
Sports
Private
Limited.
Not a related party transaction. The
Promoter/
Promoter
Group/Group
Companies do not have any interest in
Bhaktiworld Media And Entertainment
Private Limited.
Industry
to
which the entity
being acquired
belongs
Sports Media and entertainment
Particulars Details Details
Objects
and
impact
of
acquisition
(including
but
not limited to,
disclosure
of
reasons
for
acquisition
of
Target Entity, if
its business is
outside
the
main
line
of
business of the
listed entity)
Jadhav
Rose
Merc
Private
Limited is floated with the
objective to promote Indian style
mud wrestling. The company
intents to promote the sport
which is spread across lengths
and breadths in India however
lacks financial support.
Bhaktiworld
Media
and
Entertainment
Private Limited Is a radio station that
promotes devotional music and Sanskrit
mantras. The intent is to promote the Indian
traditional, devotional Sanskrit mantras and
stories. Highlighting of rich Indian culture
along with spiritual, devotional and mental
wellness programs through various audio,
visual and personal contributions.
Brief details of
any
governmental
or
regulatory
approvals
required for the
acquisition
Nil Nil
Indicative time
period
for
completion
of
the acquisition
NA NA
Nature
of
consideration -
whether
cash
consideration or
share swap and
details of the
same
Cash Consideration Cash Consideration
Cost
of
acquisition
or
the
price
at
which
the
shares
are
acquired
Rs. 49,000 Rs. 50,000
Percentage
of
shareholding/c
ontrol acquired
49% 50%
Particulars Details Details
and/or number
of
shares
acquired
Brief
background
about the entity
acquired
in
terms
of
products/line
of
business
acquired,
date
of
incorporation,
history of last 3
years turnover
To own, promote, operate or
manage in or anywhere in India
or outside India fitness centres,
sports
activities,
recreational
areas, or other sports-related
businesses
including
bowling
centres, fitness and health clubs,
and ski facilities. and to operate
professional sports teams, as
well as sports leagues and
associations, are also included in
this industry.
To undertake, handle and carry on
business in India and abroad connected
with
events
for
different
corporate,
companies or individuals which includes
any happening such as organizing and
management
of
luxury
events,
government & private events, road shows
including financial market, expositions,
seminars, fashion shows, concerts, lavish
parties, conferences, social events e.g.
summer camp for children, game shows,
fun events & theme e.g. Disney theme,
corporate golf tours, corporate family
carnival,
brand
launches,
brand
promotion and management, cultural
events & celebrity management, award
nights, entertainment shows, music shows
and events including Bhakti, television
shows and events, events, films and
content on OTT platforms, exhibitions,
star nights, event management shows,
fashion shows, not limited to Sports,
Leisures and Gaming segment in order to
build, construct/erect studios, theatres,
cinema and music halls, organizing fairs,
expositions, meets, product launches,
concerts, gala dinners, weddings, pandals,
religious events including Bhakti events,
government, college and school festivals,
theme parties, Online promotion of
events, concerts, live shows, parties and
sale of tickets or simply bookings and all
Electronic Media Rights which includes
Satellite, Video, Television, Cable, Internet
with
meta-verse
implementation
on
virtual world technologies and also any
other avenues as may become available on
technological
versions
and/or
Particulars Details Details
development
tools
augmenting
AI
(Artificial Intelligence) and ML. (Machine
Learning) data analytics on virtual reality
upgradation reservations, not limited to
Cinematograph Film and Sound recording
Works as defined under the Copyright
legislations in India or abroad, to acquire,
purchase, sale, import or export, let on
hire, install for that purposes various
things, equipments and systems viz. audio
visual systems, exhibitions, display panels
and boards, conference kit and guides,
and to provide support services including
venue decor and infrastructural support
as providing venue booking, and other
allied activities.
Particulars Details Details
Country in India India
which the
acquired entity
has
presence
and any other
significant
information