Mercantile Ventures Ltd Board Approves Amalgamation Scheme with India Radiators Limited
Mercantile Ventures Ltd announced that its Board of Directors had considered and approved the outcomes related to the scheme of amalgamation involving India Radiators Limited, the transferor company, and Mercantile Ventures Limited, the transferee company. The decision follows the receipt of a certified copy of the order dated July 08, 2026, from the Hon'ble National Company Law Tribunal (NCLT), Division Bench - I, Chennai, which sanctioned the scheme for both companies and their respective Shareholders and Creditors.The Board meeting, held on July 13, 2026, confirmed key operational parameters of the amalgamation, including the mechanism by which shareholders of the transferor company would receive equity shares in the transferee company.
According to the approved terms, the share exchange ratio is set at 10 equity shares of Mercantile Ventures for every 36 equity shares of India Radiators Limited. Both companies involved in the scheme have an equity face value of INR 10/- each, and are fully paid up.
Key operational details regarding the amalgamation were finalized by the Board:
| Detail | Value |
|---|---|
| Transferor Company | India Radiators Limited |
| Transferee Company | Mercantile Ventures Limited |
| Share Exchange Ratio | 10 shares (Mercantile) per 36 shares (India Radiators) |
| Face Value of Shares | INR 10/- each (for both companies) |
| Appointed Date | January 01, 2025 |
| Record Date | Friday, July 24, 2026 |
The Board also confirmed that the scheme will become effective from the date on which the certified copy of the NCLT sanction order is filed with the Registrar of Companies, Chennai. The final effective date will be communicated to stock exchanges for public dissemination once the filing is complete and the Scheme becomes operational.
MERCANTILE Stock Price Movement
Today, shares of Mercantile Ventures Limited slipped by 2.18% to settle at ₹25.07 after post-market trading concluded. The stock traded within a range between ₹24.00 and ₹25.89 during the session, logging a volume of 1,553 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.