Mercantile Ventures Ltd: NCLT Sanctions Amalgamation with India Radiators Ltd

Mercantile Ventures Limited announced the outcome of a circular resolution passed by its Board of Directors on July 13, 2026. The board noted and approved the receipt of a certified copy of the National Company Law Tribunal (NCLT) order dated July 8, 2026, sanctioning the amalgamation scheme between India Radiators Limited (Transferor Company) and Mercantile Ventures Limited (Transferee Company). The record date for determining eligible shareholders of the transferor company is set for July 24, 2026. The share exchange ratio is fixed at 10 equity shares of Mercantile Ventures (INR 10 face value) for every 36 equity shares of India Radiators (INR 10 face value). 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, Chennai.