Mercantile Ventures Ltd — Important, 27-10-2025: Company Update

Mercantile Ventures' board approved the financial results for the quarter and half-year. Standalone net loss was Rs 0.18 Cr, while consolidated net profit reached Rs 1.41 Cr. Concurrently, the board appointed Mr. N Umasankar as Additional Director, Whole-time Director (Finance) & CFO for a two-year term, leveraging his 32 years of finance and administrative experience. Its auditors highlighted a qualification regarding a subsidiary's investment in Rs 22 Cr preference shares of another company. This investment lacks valuation reports, preventing assessment of its fair value or impact on results, with dividends unpaid since FY2019-20.