Rose Merc512115Leadership appointment or

Niti Trivedi appointed Additional Director designated Executive Director; committees reconstituted

Board met October 19, 2026 and approved several management changes.

By ScoutQuest · Mon 19 Oct 2026, 7:27 PM IST · 2 min read

Board Meeting Date: Board met October 19, 2026
Executive Director Appointment: Ms. Niti Trivedi (DIN: 07940098) appointed Additional Director designated Executive Director
Appointment Term: 19th October 2026 till October 18, 2031, subject to shareholder approval

The board of Rose Merc Ltd met on Monday, October 19, 2026, from 04:00 p.m. to 05:10 p.m., and approved a set of leadership, committee and business changes.

Leadership appointments

Ms. Niti Trivedi (DIN: 07940098) appointed as an Additional Director designated as Executive Director, with effect from 19th October, 2026 till October 18, 2031, subject to approval of shareholders.
Ms. Qazi Gulshan appointed as Strategic Advisor – Fintech and Fashion.

Profile of the new Executive Director

Ms. Niti Trivedi is described as a business owner focused on business development, strategic planning and entrepreneurial growth across India and the UAE. She completed her Master's degree in Physics in 2013. Her business interests span technology development, FinTech, real estate, Web3 technologies and digital platforms.

Committee reconstitution

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

Nominee directorships

Ms. Eshwari Purvesh Shelatkar appointed as Nominee Director on the board 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.

Payment aggregation business

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

What this means for a retail investor

This is a change-in-management update: the person holding the executive director role, the advisors around the board, and the members heading key committees have all been reshaped in one meeting. The executive director's term is stated as 19th October, 2026 till October 18, 2031, and it is subject to shareholder approval, so the appointment would come up for investor vote. Separately, the board has approved making an application to carry on payment aggregation as a Payment Aggregator, which points to a possible addition to the company's line of business; the update records the application, so the operating status of that business depends on how it progresses. The committee reconstitutions show who will handle allotments, shareholder grievances, compensation, business development and internal matters going forward.

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