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Merger13 Jul 2026, 05:00 pm

India Radiators Sets July 24, 2026 Record Date for Amalgamation Share Allotment

AI Summary

India Radiators Limited has fixed Friday, July 24, 2026, as the record date for determining eligible shareholders entitled to receive equity shares of Mercantile Ventures Limited as part of their Scheme of Amalgamation. This record date is crucial for the share exchange ratio, where 10 equity shares of India Radiators (face value INR 10) will be exchanged for 36 equity shares of Mercantile Ventures (face value INR 10). The filing is made pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015.

Key Highlights

  • Record date set for July 24, 2026, for amalgamation share allotment.
  • Share exchange ratio: 10 India Radiators shares for 36 Mercantile Ventures shares.
  • Purpose is to determine shareholders eligible for allotment in Mercantile Ventures.
  • Amalgamation is between India Radiators and Mercantile Ventures.