Mercantile Ventures Ltd — Important, 23-03-2026: Company Update

Mercantile Ventures Limited has filed a Second Motion Petition with the National Company Law Tribunal (NCLT) concerning its proposed Scheme of Amalgamation. This scheme involves the merger of India Radiators Limited (Transferor Company) with Mercantile Ventures Limited (Transferee Company). This filing marks a crucial step in the legal process for the amalgamation, bringing the proposed merger closer to potential approval and completion. This update provides stakeholders with information on the ongoing progress of the company's corporate restructuring initiative.