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Board approves Additional Executive Director, committee rejigs and Payment Aggregator application

Rose Merc's board approved Ms. Niti Trivedi as Additional Executive Director (till Oct 18, 2031, subject to shareholder nod), Ms. Qazi Gulshan as Strategic Advisor, five committee rejigs.

By ScoutQuest · Mon 19 Oct 2026, 7:29 PM IST · 2 min read

Executive Director term: from 19th October, 2026 till October 18, 2031
Committees reconstituted: reconstituted five committees
Nominee director posts: Nominee Director on the boards of three companies

Rose Merc Ltd's board met on Monday, October 19, 2026, from 04:00 p.m. to 05:10 p.m. and approved a mix of board-level appointments, committee changes and one new business application. The update sets out the items as approved by the board.

New Executive Director

Ms. Niti Trivedi (DIN: 07940098) has been appointed as an Additional Director designated as Executive Director.
The appointment is with effect from 19th October, 2026 and runs till October 18, 2031.
It is subject to approval of shareholders.
Her brief profile describes her as a business owner focused on business development, strategic planning and entrepreneurial growth across India and the UAE, with interests spanning technology development, FinTech, real estate, Web3 technologies and digital platforms. She completed a Master's degree in Physics in 2013.
On the disclosure of relationships between directors and Key Managerial Personnel inter-se, the update states N.A.

Strategic Advisor

The board approved the appointment of Ms. Qazi Gulshan as Strategic Advisor- Fintech and Fashion.

Committees reconstituted

Allotment Committee: Mr. Shaikh Nooruddin Mohammed Deen as Chairperson, with Ms. Vaishali Parkar Kumar, Mr. Shekhar Mennon and Mr. Santosh Sambhaji Gavade as members.
Stakeholder Grievance & Relationship Committee: Mr. Shekhar Mennon as Chairperson, with Mr. Avinash Madhav Sonawane, Mr. Shaikh Nooruddin Mohammed Deen and Ms. Vaishali Parkar Kumar as members.
Compensation Committee: Mr. Uday Damodar Tardalkar, Ms. Vaishali Parkar Kumar, Mr. Shekhar Mennon and Ms. Saroj Shrinivas Datar as members.
Business Development & Strategic Planning Committee: Ms. Vaishali Parkar Kumar as Chairperson, with Ms. Eshwari Purvesh Shelatkar, Mr. Uday Damodar Tardalkar and Mr. Himanshu Gandhi as members.
Internal Committee: Ms. Vaishali Parkar Kumar as Chairperson, with Ms. Saroj Shrinivas Datar, Mr. Manohar Temkar and Ms. Poonam Mali as members.

Nominee Director roles in group companies

Ms. Eshwari Purvesh Sheltakar has been appointed as Nominee Director on the boards of three companies, in each case in place of Late Mr. Purvesh Krishna Shelatkar:

M/s. Virtual Gain Technologies Private Limited
M/s. Outcry Media Solutions Private Limited
M/s. Emirates Holding FZ LLC

Payment aggregation business

The board approved an application to carry on the business of Payment aggregation as a Payment Aggregator.

How to read this

The items are governance and business-direction changes taken on record by the board. The Executive Director appointment carries a fixed term and is yet to go to shareholders for approval, so the board-level decision is the first step. The committee reconstitutions and nominee director appointments change who sits where, while the payment aggregation application marks a proposed new line of business. The outcome of that application is a separate, later event.

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