Merger13 Mar 2026, 06:08 pm
Mercantile Ventures Ltd. Approves Scheme of Amalgamation with India Radiators Limited
AI Summary
Mercantile Ventures Limited, in a meeting held on Friday, March 13, 2026, approved the Scheme of Amalgamation with India Radiators Limited. The meeting was held pursuant to the order of the Hon’ble National Company Law Tribunal, Division Bench (Court-I) Chennai. The approval came after considering the views, questions, and clarifications sought by the equity shareholders, who were also offered the facility of remote e-voting. The meeting concluded at 12:27 P.M. (IST), and the equity shareholders who were present at the Meeting and had not cast their votes electronically were provided an opportunity to cast their votes through e-voting during the Meeting on CDSL platform.
Key Highlights
- Mercantile Ventures Limited approves Scheme of Amalgamation with India Radiators Limited.
- The approval was given in a meeting held on Friday, March 13, 2026.
- The meeting was held pursuant to the order of the Hon’ble National Company Law Tribunal, Division Bench (Court-I) Chennai.
- Equity shareholders were offered the facility of remote e-voting.
- The meeting concluded at 12:27 P.M. (IST), and equity shareholders were given the opportunity to cast their votes through e-voting during the Meeting on CDSL platform.