Mercantile Ventures Ltd: Unsecured Creditors Meeting Outcome for Proposed Scheme of Amalgamation

Mercantile Ventures Limited, pursuant to the order of the Hon’ble National Company Law Tribunal, Division Bench (Court-I) Chennai, held a meeting of unsecured creditors on Friday, March 13, 2026, through Video Conferencing/Other Audio-Visual Means. The meeting was held to approve the Scheme of Amalgamation between India Radiators Limited and Mercantile Ventures Limited under sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The Chairperson, Mr. K. Gaurav Kumar, introduced the Directors and Key Managerial Personnel, and informed unsecured creditors about the Scheme's salient features and purpose. Unsecured creditors were offered the facility of remote e-voting provided by Central Depository Services (India) Limited to cast their votes electronically. The meeting concluded at 01:06 P.M. (IST), and unsecured creditors who were present and had not cast their votes electronically were given an opportunity to cast their votes through e-voting during the Meeting on the CDSL platform.