India Radiators Amalgamation Approved by NCLT; Record Date Set

India Radiators Limited announced the outcome of a circular resolution passed by its Board of Directors on July 13, 2026. The resolution approved the amalgamation of India Radiators Limited with Mercantile Ventures Limited, following the sanction order from the National Company Law Tribunal (NCLT) dated July 8, 2026. The record date for determining shareholders entitled to receive equity shares of the transferee company has been set for July 24, 2026. The share exchange ratio is fixed at 10 equity shares of Mercantile Ventures Limited for every 36 equity shares of India Radiators Limited. The appointed date for the scheme is January 1, 2025, and the effective date will be upon filing the NCLT order with the Registrar of Companies.