Mercantile Ventures Ltd — Important, 04-08-2026: Company Update

Mercantile Ventures' Board approved the allotment of approximately 1.53 lakh new equity shares (face value Rs. 10 each) to eligible India Radiators Limited shareholders as part of their amalgamation. This is based on a 10:36 share exchange. The company's paid-up equity capital consequently increased from approximately 11.19 crore shares to 11.20 crore shares. Final listing and trading approvals for these shares are pending as formalities are completed. This signifies a key milestone in the merger process, impacting the company's capital structure.