India Radiators Ltd Files Second Motion Petition with NCLT
India Radiators Limited has filed a Second Motion Petition with the National Company Law Tribunal (NCLT) in Chennai, advancing the proposed scheme of amalgamation with Mercantile Ventures Limited. This action follows previous disclosures on April 8, 2025, October 15, 2025, December 5, 2025, February 5, 2026, February 10, 2026, March 13, 2026, and March 17, 2026, all concerning the amalgamation scheme.Under the scheme, India Radiators Limited (the Transferor Company) will be merged with Mercantile Ventures Limited (the Transferee Company), impacting both sets of shareholders and creditors. The amalgamation is being pursued under Sections 230 to 232 of the Companies Act, 2013, and related rules.
E N Rangaswami, Whole Time Director and DIN: 06463753 of India Radiators Limited, made the disclosure. The company’s stock symbol is 505100.
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