Mercantile Ventures Ltd. Files Second Motion Petition for Amalgamation Scheme
Mercantile Ventures Limited announced on March 23, 2026, that it has filed a Second Motion Petition with the National Company Law Tribunal (NCLT) in Chennai. This action follows previous disclosures dated April 8, 2025, October 15, 2025, December 5, 2025, February 5, 2026, February 10, 2026, March 13, 2026, and March 17, 2026, regarding the proposed Scheme of Amalgamation.The scheme involves the amalgamation of India Radiators Limited (the Transferor Company) with Mercantile Ventures Limited (the Transferee Company), along with their respective shareholders and creditors. The amalgamation is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
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