Transaction Overview
Rose Merc Limited has executed a Shareholders Agreement dated June 01, 2026, among itself, Virtual Gain Technologies Private Limited (Virtual), and Virtual's promoters (Amitkumar Singh and Niti Trivedi). This agreement follows the Subscription Agreement executed on April 24, 2026, for the acquisition of 30.01% of Virtual's post-issued share capital.
Investment Details
- Number of shares: 4,288 equity shares
- Face value per share: ₹10
- Issue price per share: ₹2,332
- Total investment amount: ₹1,00,00,000 (₹1 crore)
- Shareholding percentage: 30.01% of post-issued share capital
Purpose of Shareholders Agreement
The SHA records the inter se rights and obligations of the parties as shareholders of Virtual Gain Technologies Private Limited.
Significant Terms of Agreement
Rose Merc will be entitled to:
- Appoint majority directors on the Board of directors of Virtual
- Control over reserved matters requiring prior approval
- Further funding and anti-dilution rights
Relationship Status
The parties to the agreement are not related to Rose Merc's promoter/promoter group/group companies. The transaction does not qualify as a related party transaction.