Mercantile Ventures Ltd — Important, 23-07-2026: Company Update

Mercantile Ventures Limited announced its amalgamation scheme with India Radiators Limited is now effective. India Radiators Limited is dissolved as a result. This merger increases Mercantile Ventures' Authorized Share Capital from Rs. 130.09 Cr (comprising 11.51 Cr equity shares and 1.50 Cr preference shares) to Rs. 151.09 Cr (comprising 11.61 Cr equity shares and 3.50 Cr preference shares). The company's Memorandum of Association has also been updated. This consolidation simplifies the corporate structure and adjusts the capital base, impacting the company's financial framework.