<h1>India Radiators Limited Reports NCLT Status as 'Disposed' Regarding Amalgamation Scheme</h1>
India Radiators Limited, the transferor company, has reported a significant update concerning its ongoing amalgamation process involving Mercantile Ventures Limited (Transferee Company) and their shareholders and creditors.
The scheme pertains to the amalgamation of India Radiators Limited with Mercantile Ventures Limited, under relevant sections of the Companies Act, 2013. The matter was pending before the National Company Law Tribunal (NCLT).
The status of this amalgamation matter has been updated on the NCLT website, showing it as "Disposed."
While the tribunal's decision is marked as disposed, India Radiators Limited noted that a certified copy of the NCLT Order is still awaited by the company.
Stock Price Movement
India Radiators Ltd shares settled Monday, ticking up 4.96% and closing at ₹15.87. The stock traded completely flat during the session, with the intraday high and low both registering at ₹15.87.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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