India Radiators Ltd — Important, 05-02-2026: Company Update

India Radiators and Mercantile Ventures received an NCLT order to convene shareholder meetings for their proposed amalgamation. The goal is to consolidate operations for better resource utilization as a single entity. India Radiators’ equity shareholders will meet, while meetings for preference and unsecured creditors are dispensed due to consent. Mercantile Ventures’ equity shareholders and unsecured creditors will also hold meetings. India Radiators reported a turnover of Rs. 0.06 Cr and negative net worth of Rs. 0.37 Cr, contrasting with Mercantile Ventures' turnover of Rs. 0.37 Cr and substantial net worth of Rs. 328.27 Cr.