Key Event Details

  • Agreement Date: October 24, 2026
  • Agreement Execution Date: October 26, 2026
  • Parties Involved: Rose Merc Limited (the "Company") and Mohammed Hanif Kasim Shaikh ("Mohammed Hanif")

Purpose of the Agreement

The purpose of entering into the agreement is to record the terms and conditions for the provision of business development and marketing services by Mohammed Hanif to the Fintech Division of Rose Merc Limited.

Financial Terms and Size

  • The consultancy fee payable by the Company to Mohammed Hanif will be computed at an agreed percentage of two revenue streams:

1. The net revenue to be generated by the Company's Fintech Division.

2. Consultancy/other fees to be received by the Company from third parties pertaining to the future operations of the Fintech Business.

  • As the fee is contingent on future, unquantified revenue, the disclosure explicitly states that "the size of the Agreement cannot be quantified."

Significant Terms

Mohammed Hanif is appointed as a consultant to provide business development and marketing services to the Company's Fintech Division. The fee structure, as described above, is the primary significant term. No special rights like the right to appoint directors, first right to share subscription, or right to restrict changes in capital structure are mentioned.

Related Party Transaction Status

  • Is it a Related Party Transaction? Yes.
  • Nature of Relationship: Mohammed Hanif is the promoter and shareholder of Emirates Holding FZ LLC, which is identified as one of the Board-controlled subsidiaries of Rose Merc Limited.
  • Basis of Transaction: The transaction is stated to be on an "arm's length basis."

Other Details

  • Shareholding: There is no shareholding in the entity with whom the agreement is executed (NA).
  • Other Disclosures: The annexure states "Nil" for any other disclosures related to nominees, potential conflicts of interest, etc.
  • No issuance of shares or loan agreements are involved in this transaction.

Company and Signatory Details

  • Company CIN: L70200MH1985PLC035078
  • Company GSTIN: 27AACCR3663B1ZM
  • Company Address: 15/b/4, New Sion Chs Swami Vallabhdas Road, Opp SIES COLLEGE, Behind Dmart Store, Sion West, Mumbai - 22