Rose Merc.Limited — Capital/Financing Update 2024

Jan 2, 2024

Date: 02[nd ] January, 2024,

To, The Corporate Relations Department, Bombay Stock Exchange Limited, P] Tower, Dalal Street, Fort, Mumbai-400001

BSE Scrip Code: 512115 Scrip ID: ROSEMER

Subject: Outcome of Meeting of Allotment Committee constituted by the Board of Directors of the Company

Dear Sir/Madam,

We wish to inform you that that the meeting of the Allotment Committee constituted by the Board of Directors of the Company was held today on, i.e., Tuesday , 02[nd ] January, 2024 at 5.00 P.M. and concluded on 6.30 P.M. at the registered office of the Company situated at Office no: 15/B/4, New Sion CHS, Opp. SIES College, Behind D Mart, Sion West, Mumbai- 400022. It discussed and approved the matter with respect to the issuance of 2,60,000 equity warrants which are 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 August 03, 2023 had approved issue of 3,60,000_warrants convertible into Equity Shares of Rs.10/- each of the Company, at a price of Rs.100/- per Shares (Including premium of Rs.90/- 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 19[th] December, 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	Uday Sait	50,000	Non-Promoter
2	Suhas Kale	50,000	Non-Promoter
3	Tony Lalchand Nawani	5,000	Non-Promoter
4	Gaurav Tripathi	25,000	Non-Promoter
5	Renu Khatri	15,000	Non-Promoter
6	Dattatray Rajaram Jadhav	50,000	Non-Promoter
7	Shailesh Pethe	10,000	Non-Promoter

8	Vijaykumar Gaurat	5,000	Non-Promoter
9	Atul Jain	50,000	Non-Promoter
	Total	2,60,000

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 2,60,000 Equity warrants are convertible into equivalent number of equity shares issued for consideration in cash.

Further, the warrants so allotted, as stated above, shall be issued in dematerialized mode and shall be subject to lock-in as provided under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Thanking You, Yours Faithfully,

For Rose Merc Limited

Digitally signed by Vaishali Vaishali Parkar Kumar Parkar Kumar Date: 2024.01.02 18:32:10 +05'30'

Vaishali Parkar Kumar Executive Director DIN: 09159108