RMRose Merc512115Leadership appointment or

Board approves executive director appointment, strategic advisor, committee revamp and payment aggregator application

Ms. Niti Trivedi as Additional Director designated Executive Director, 19 October 2026 to 18 October 2031, subject to shareholder approval.

By ScoutQuest · Mon 19 Oct 2026, 7:10 PM IST · 2 min read

Board meeting date

19 October 2026

Appointment term

19 October 2026 to 18 October 2031

Director DIN

07940098

What happened

The board of Rose Merc met on Monday, 19 October 2026 and approved a set of board-level changes: a new executive director, a strategic advisor, reconstitution of several committees, nominee directorships in other companies, and an application to carry on payment aggregation.

New executive director

• Ms. Niti Trivedi (DIN: 07940098) has been appointed an Additional Director, designated Executive Director, with effect from 19 October 2026.
• The term runs till 18 October 2031, and the appointment is subject to approval of shareholders.
• The update 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.
• The disclosure of relationship between directors and key managerial personnel inter se is marked N.A.

Strategic advisor

• Ms. Qazi Gulshan has been appointed Strategic Advisor – Fintech and Fashion.

Committees reconstituted

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

Nominee directorships in other companies

• Ms. Eshwari Purvesh Sheltakar has been appointed Nominee Director on the board of M/s. Virtual Gain Technologies Private Limited, in place of Late Mr. Purvesh Krishna Shelatkar.
• The same appointment has been approved for M/s. Outcry Media Solutions Private Limited.
• And for M/s. Emirates Holding FZ LLC.

Payment aggregation

• The board approved an item on making an application to carry on the business of payment aggregation as a Payment Aggregator.
• It is worded as an application to carry on that business, which points to payment aggregation as an activity the company is applying to undertake.

What a retail investor can read from this

• The executive director appointment is a board decision that still requires shareholder approval; the term from 19 October 2026 to 18 October 2031 is subject to that approval.
• Reconstitution of committees changes who sits on which board committee; the composition of each committee, including who chairs it, is set out above.
• The nominee directorships relate to the boards of other companies, not to the board of Rose Merc itself.
• The payment aggregator item is an application to carry on that business, so it relates to a proposed activity rather than to an existing one.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev