Mercantile Ventures Ltd — Important, 07-07-2026: Company Update

Mercantile Ventures has secured NCLT approval for its merger with India Radiators. This move aims to significantly cut costs, create synergies, and boost overall business efficiency by combining resources. Shareholders of India Radiators will receive 10 Mercantile Ventures shares for every 36 of their existing shares. All India Radiators employees will transition to Mercantile Ventures. While acknowledging existing irregular loan repayments of Rs 3.33 Cr and a Rs 3.37 Cr provision for expected credit loss by Mercantile Ventures, the NCLT found the scheme beneficial for shareholders.