Mercantile Ventures Ltd

Mercantile Ventures Ltd has announced its 25th Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 11:00 AM IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company has also opened the facility for remote e-voting from Monday, September 21, 2026, to Wednesday, September 23, 2026. Shareholders of record as of Thursday, September 17, 2026, are eligible to vote. The Register of Members and Share Transfer Books will be closed from September 18 to September 24, 2026, inclusive, for the AGM proceedings.

Mercantile Ventures Ltd announced the re-appointment of Mr. E N Rangaswami as Whole-time Director for a further period of three years, effective December 5, 2026, to December 4, 2029. This decision was approved by the Board of Directors on August 14, 2026, following a recommendation from the Nomination and Remuneration Committee. The re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Rangaswami, a B.Sc graduate and Associate Member of the ICAI, brings over 47 years of experience in finance and general administration, having served previously with a pharmaceutical company and Manali Petrochemicals Limited, and has been with Mercantile Ventures for 14 years.

Mercantile Ventures Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report from the Statutory Auditors. Additionally, the Board approved the re-appointment of Mr. E N Rangaswami as Whole-time Director for three years and scheduled the 25th Annual General Meeting for September 24, 2026.

Mercantile Ventures Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the standalone and consolidated financial results, along with the limited review report from statutory auditors. Additionally, the Board approved the re-appointment of Mr. E N Rangaswami as Whole-time Director for three years from December 5, 2026. The 25th Annual General Meeting is scheduled for September 24, 2026, to be held via Video Conferencing.

Mercantile Ventures Ltd announced the outcome of its Board meeting held on August 14, 2026. The board approved the un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report from statutory auditors. Additionally, the re-appointment of Mr. E N Rangaswami as Whole-time Director for three years from December 5, 2026, was approved. The 25th Annual General Meeting is scheduled for September 24, 2026.

Mercantile Ventures Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. This announcement is made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mercantile Ventures Limited (Transferee Company) has announced that the Scheme of Amalgamation with India Radiators Limited (Transferor Company) has become effective from July 23, 2026. This follows the filing of Form INC-28 with the Registrar of Companies, Chennai, on the same date, after receiving the order from the National Company Law Tribunal. Upon effectiveness, Mercantile Ventures' authorized share capital has been increased from ₹13,009 Lakhs to ₹15,109 Lakhs, with adjustments to equity and preference shares. The Memorandum of Association has also been amended accordingly. India Radiators Limited will be dissolved without winding up, and its board will stand dissolved.

Mercantile Ventures Ltd announced that the Hon'ble National Company Law Tribunal (NCLT) has sanctioned the Scheme of Amalgamation between its subsidiary, Walery Security Management Limited (Transferor Company), and i3 Security Private Limited (Transferee Company), a wholly-owned subsidiary. The appointed date for the scheme is January 01, 2024. This amalgamation is an internal restructuring aimed at consolidating operations, streamlining management, and optimizing resource utilization. The transferor company, which had a 'Nil' turnover in FY26, will be dissolved without winding up. The transferee company had a turnover of ₹5087.67 lakhs in FY26. The scheme does not involve any change in the shareholding pattern of the listed company.

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.

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.