Mercantile Ventures Sets July 24, 2026 Record Date for India Radiators Amalgamation

Mercantile Ventures Limited has announced the record date for its amalgamation with India Radiators Limited. The record date is fixed for Friday, July 24, 2026. This date will be used to determine eligible shareholders of India Radiators Limited (Transferor Company) who will receive equity shares of Mercantile Ventures Limited (Transferee Company). The amalgamation follows a share exchange ratio where 10 equity shares of Mercantile Ventures (face value INR 10) will be issued for every 36 equity shares of India Radiators (face value INR 10). This corporate action is a significant step in the ongoing scheme of amalgamation.