Mercantile Ventures Ltd — Updates, 30-05-2025: Company Update

Mercantile Ventures has submitted its Annual Secretarial Compliance Report for FY ended March 2025, audited by KRA & Associates. The report confirms overall compliance with SEBI regulations and timely policy updates. One outstanding issue is the non-dematerialization of 0.22% promoter shares held by First Leasing Co. of India Ltd, which remains impracticable due to the promoter’s liquidation status. Past delay in submitting a SEBI takeover exemption report was resolved with appropriate communication and no penalties. No director disqualifications, related party transaction concerns, or regulatory actions were noted. The company maintains functional disclosures and performance evaluations, supporting good governance standards.