Board approves Executive Director, Strategic Advisor, committee revamp and payment aggregator application
Board of Rose Merc approved: Ms. Niti Trivedi as Additional Executive Director (till Oct 18, 2031, subject to shareholder nod), Ms. Qazi Gulshan as Strategic Advisor-Fintech & Fashion, reconstitution of committees.
By ScoutQuest · · 2 min read
- Executive Director Term
- Ms. Niti Trivedi as Additional Executive Director (till Oct 18, 2031, subject to shareholder nod)
- Nominee Directorships
- nominee directors at three group companies
- New Business Application
- an application for the payment aggregation business
Board meeting outcome
Rose Merc's board met on Monday, October 19, 2026 and approved a set of leadership, committee and business items.
Leadership additions
- Ms. Niti Trivedi (DIN: 07940098) has been appointed as an Additional Director designated as Executive Director with effect from 19th October, 2026, and will hold the post till October 18, 2031, subject to the approval of shareholders.
- Her stated profile: a business owner focused on business development, strategic planning and entrepreneurial growth across India and the UAE, who completed a Master's degree in Physics in 2013; her business interests span technology development, FinTech, real estate, Web3 technologies and digital platforms.
- Ms. Qazi Gulshan has been appointed as Strategic Advisor – Fintech and Fashion.
Group company board seats
- Ms. Eshwari Purvesh Shelatkar has been appointed as Nominee Director on the boards of M/s. Virtual Gain Technologies Private Limited, M/s. Outcry Media Solutions Private Limited and M/s. Emirates Holding FZ LLC, in place of Late Mr. Purvesh Krishna Shelatkar.
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: Mr. Uday Damodar Tardalkar, Ms. Vaishali Parkar Kumar, Mr. Shekhar Mennon, 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.
New business line
- The board approved an application to carry on the business of payment aggregation as a Payment Aggregator.
How to read this
- The Executive Director appointment has a fixed term running to October 18, 2031, but it is subject to approval of shareholders, so a shareholder vote is part of the process.
- Ms. Trivedi is the addition to the company's own board as an executive (whole-time) director; the three nominee director positions are at other companies, taken in place of Late Mr. Purvesh Krishna Shelatkar.
- The appointment of a Strategic Advisor for Fintech and Fashion, together with the payment aggregation application, points to a fintech and fashion focus in the company's plans.
- Committee reconstitutions change who chairs and sits on the allottee, grievance, compensation, business development and internal panels; the board meeting ran from 04:00 p.m. to 05:10 p.m.
- These are board-level decisions; the shareholder approval for the Executive Director appointment is the next formal step in that item.
Also from Rose Merc
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Board approves Additional Executive Director, committee rejigs and Payment Aggregator application
19 Oct 2026
Niti Trivedi appointed Additional Director designated Executive Director; committees reconstituted
19 Oct 2026
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