Mercantile Ventures Ltd — Important, 13-03-2026: Company Update

Mercantile Ventures held a meeting of its unsecured creditors to approve a proposed Scheme of Amalgamation with India Radiators Limited. An NCLT-appointed chairperson led the proceedings, where creditors were informed about the scheme's key features. E-voting facilities were provided for casting votes on the resolution, and no unsecured creditors registered to speak during the meeting. This event marks a significant step forward in the company's plan to integrate India Radiators Limited, impacting its operational structure and future business prospects.