Mercantile Ventures Ltd extends Mr. E N Rangaswami's tenure as Whole-time Director for three years
Mercantile Ventures Ltd has approved the re-appointment of Mr. E N Rangaswami as a Whole-time Director, extending his service with the company for an additional period of three years. The decision was taken by the Board of Directors at a meeting held on August 14, 2026.The Board’s approval followed a recommendation from the Nomination and Remuneration Committee. Mr. E N Rangaswami will serve in this capacity from December 05, 2026, until December 04, 2029. This extension follows his previous appointment, which was made at the Annual General Meeting on September 23, 2024, for a two-year period that expired on December 04, 2026.
Director Profile and Experience
The re-appointment comes after Mr. E N Rangaswami has served as a Whole-time Director of Mercantile Ventures Ltd for the past 14 years. He holds a B.Sc. degree and is an Associate Member of the Institute of Chartered Accountants of India, bringing over 47 years of experience in Finance and General Administration across various sectors.Mr. Rangaswami's professional history includes:
- A tenure of 21 years (1978-1999) focused on Finance and General Management at a pharmaceutical company in Chennai.
- Twelve years (1999-2012) in Finance and Accounts at Manali Petrochemicals Limited, also based in Chennai.
| Aspect | Detail |
|---|---|
| Name | Mr. E N Rangaswami |
| Designation | Whole-time Director |
| New Term Start Date | December 05, 2026 |
| New Term End Date | December 04, 2029 |
| Total Experience in Finance/Admin | Over 47 years |
Directorships and Relationships
Currently, Mr. E N Rangaswami holds directorships in several companies, including Mercantile Ventures Limited, AMI Holdings Private Limited, I3 Security Private Limited, Walery Security Management Limited, and Twinshield Consultants Private Limited.The company confirmed that he is not related to any other Director of the company. Furthermore, there was confirmation that Mr. E N Rangaswami is not debarred from holding the Office of Director by SEBI or any other authority.
MERCANTILE Stock Price Movement
As of 12:14 PM, shares of Mercantile Ventures Limited are slipping by 1.12% in live trading, currently valued at ₹23.83. The stock has seen a traded volume of 4,728 shares during the current session.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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