Merger22 Aug 2026, 01:30 pm
Mercantile Ventures: Scheme of Amalgamation Effective
AI Summary
Mercantile Ventures Ltd announced that its scheme of amalgamation of its subsidiary, Walery Security Management Limited, with i3 Security Private Limited has become effective from August 22, 2026. This follows the sanction of the scheme by the National Company Law Tribunal on July 23, 2026, and the subsequent filing of Form INC-28 with the Registrar of Companies. As a result, Walery Security Management Limited will be dissolved without winding up. The appointed date for the scheme was January 01, 2024. The amalgamation does not alter the shareholding pattern of Mercantile Ventures Ltd.
Key Highlights
- Scheme of Amalgamation between subsidiary Walery Security and i3 Security is effective.
- Walery Security Management Limited will be dissolved without winding up.
- The effective date of the amalgamation is August 22, 2026.
- No change in the shareholding pattern of Mercantile Ventures Ltd.
- Appointed date for the scheme was January 01, 2024.
Price Impact
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