Gains ₹3.30 Crore from Forfeited Warrants, But Raises Red Flags
Rose Merc Ltd · 512115 · BSE ·
The company has forfeited 8,64,268 convertible warrants after non-promoter holders failed to convert them into equity shares. This results in a one-time financial gain of **₹3.30 Crores** for the company, as the initial subscription amount is now retained. **Red Flag:** The 100%…