Rose Merc Limited forfeited 8,64,268 convertible warrants allotted to 28 non-promoter holders across multiple tranches in 2024.
₹3,30,17,550 (25% of total consideration) stands forfeited as warrant holders failed to exercise conversion within 18 months.
Board approved forfeiture via circular resolution under Section 175 of Companies Act, 2013 on March 27, 2026.
Disclosure filed under Regulation 30 of SEBI LODR 2015 and Regulation 169(3) of SEBI ICDR 2018.