Mercantile Ventures Ltd — Important, 14-08-2026: Company Update

Mercantile Ventures approved its financial results for the quarter ended June 30, 2026, reporting a standalone net loss of 29.97 Cr and a consolidated net loss of 0.65 Cr. The company re-appointed Mr. E N Rangaswami as Whole-time Director for three years and announced its Annual General Meeting on September 24. Auditors noted a qualification on consolidated results, citing uncertainty over 22 Cr preference shares held by a subsidiary due to lack of valuation and unpaid dividends since FY 2019-20. NCLT also approved the amalgamation of India Radiators with the company, impacting restated prior period figures.