<h1>India Radiators Ltd Sets Record Date for Amalgamation with Mercantile Ventures</h1>
India Radiators Limited has announced a specific record date to determine the eligible shareholders of the company involved in its Scheme of Amalgamation with Mercantile Ventures Limited. The event pertains to the transferor and transferee companies and their respective Shareholders and Creditors.
The purpose of setting the record date is to identify the shareholders of India Radiators Limited who will be entitled to receive equity shares in the Transferee Company, Mercantile Ventures Limited, as stipulated by the Scheme.
Details regarding the stock security and transaction parameters were released for stakeholders. The record date has been set as Friday, July 24, 2026.
The company's Equity securities, identified under the scrip code INRADIA (505100), are linked to the amalgamation structure. Under the Scheme of Amalgamation, a specific share exchange ratio has been established between the two companies.
A summary of the key details relating to the record date and the scheme is provided below:
| Particulars | Details |
|---|---|
| Stock Code / Symbol | INRADIA 505100 |
| Type of Security | Equity |
| Record Date | Friday, July 24, 2026 |
| Exchange Ratio | 10 equity shares of the Transferor Company (India Radiators Ltd.) for 36 equity shares of the Transferee Company (Mercantile Ventures Limited) |
The notification confirms that the record date is set to determine which shareholders are entitled to receive the equity shares of the Transferee Company in terms of the provided share exchange ratio.
Stock Price Movement
India Radiators Ltd concluded trade today, settling at ₹15.87, representing a perfectly flat performance for the shares.The shares traded completely locked throughout the session, as the intraday high and low remained fixed at this single price point.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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