India Radiators Ltd — Important, 13-07-2026: Company Update

India Radiators Limited's Board has noted a court order sanctioning its merger with Mercantile Ventures Limited. The Board set a Record Date to determine shareholders eligible to receive new shares. Shareholders will receive 10 equity shares of Mercantile Ventures, each with a face value of INR 10, for every 36 equity shares held in India Radiators, also with a face value of INR 10 each. The merger will become effective once the court order is filed with the Registrar of Companies, a detail that will be announced later. This paves the way for the company's integration.