Rose Merc 42nd AGM Approves Dividend, Auditor Appointment

Meeting Details

The 42nd Annual General Meeting was held on Thursday, September 10, 2026 at 04:00 P.M. (IST) through Video Conferencing / Other Audio Visual Means (OAVM).

Attendance and Quorum

• 25 Members attended the meeting
• Requisite quorum as required under section 103 of the Companies Act, 2013 was present
• Chairman: Mr. Uday Damodar Tardalkar, Independent Director

Directors Present

• Mr. Uday Damodar Tardalkar, Independent Director
• Ms. Vaishali Parkar Kumar, Managing Director & CFO
• Mr. Shaikh Nooruddin Mohammed Deen, Whole-time Director
• Mr. Purvesh Krishna Shelatkar, Executive Director
• Mr. Vivek Shankar Parulkar, Executive Director
• Ms. Eshwari Purvesh Shelatkar, Executive Director
• Mr. Amitkumar Yogendra Singh, Executive Director
• Mr. Shekhar Mennon, Independent Director and Chairman of Audit Committee & Stakeholder Grievance & Relationship Committee
• Ms. Saroj Shrinivas Datar, Women Independent Director
• Mr. Avinash Sonawane, Independent Director
• Mr. Omprakash Singh, Non-executive & Non-Independent Director
• Mr. Santosh Gavade, Independent Director and Chairman of Nomination and Remuneration Committee

Officials in Attendance

• Ms. Dharini Kadakia, Company Secretary & Compliance Officer
• M/s. BB Gusani & Associates, Statutory Auditor
• Mr. Deepak Rane, Secretarial Auditor

Voting Process

Remote e-voting was provided to members from Monday, September 07, 2026 at 09:00 A.M. (IST) to Wednesday, September 09, 2026 at 05:00 P.M. (IST). E-voting during the AGM remained open for 15 minutes after the meeting until 04:47 P.M. (IST).

Business Transacted

Ordinary Business:

1. To receive, consider and adopt:

• Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors
• Audited Consolidated Financial Statements for FY ended March 31, 2026 with Reports of the Auditors

2. To declare Final Dividend of ₹0.35 per Equity Share of face value ₹10 each (3.5% of face value) for FY ended March 31, 2026

3. To re-appoint Mr. Purvesh Krishna Shelatkar (DIN: 09838204) who retires by rotation

4. To re-appoint Mr. Omprakash Singh (DIN: 07204004) who retires by rotation

Special Business:

5. To appoint M/s. D G M S & Co., Chartered Accountants (Firm Registration No. 112187W) as Statutory Auditors

6. To approve Related Party Transactions with Board Controlled Subsidiary Emirates Holding FZ LLC

7. To approve investments and/or providing loans, guarantees and/or securities to subsidiary companies up to ₹20,00,00,000 (Twenty Crore)

8. To approve Alteration of the Object Clause of the Memorandum of Association

Meeting Duration

The meeting commenced at 04:00 P.M. (IST) and concluded at 04:32 P.M. (IST).

Additional Information

The voting results with Scrutinizer's Report will be submitted to Stock Exchanges separately. This document represents proceedings only, not the formal minutes of the meeting.