Mercantile Ventures Ltd — Important, 13-07-2026: Company Update

Mercantile Ventures has received NCLT approval for its amalgamation with India Radiators. The Board has set July 24, 2026, as the record date. Shareholders of India Radiators will receive 10 Mercantile Ventures equity shares (face value INR 10 each) for every 36 India Radiators shares (face value INR 10 each). The appointed date for the scheme is January 01, 2025. This move consolidates the entities, impacting shareholding structure and operational synergy for long-term growth. The effective date will be announced after regulatory filing.