Copies of Newspaper Advertisements regarding details of NCLT convened meetings of the Equity Shareholders of the Company to be held on Friday, 13th March 2026 at 10.00 A.M. through VC/OAVM.
Awaiting price reaction for this filing.
India Radiators Limited has filed copies of newspaper advertisements (published on February 10, 2026 in Business Standard and Makkal Kural) informing equity shareholders about an NCLT-convened meeting scheduled for Friday, March 13, 2026 at 10:00 AM via video conferencing. The meeting has been ordered by the NCLT Chennai Bench (order dated February 02, 2026) to consider and approve the proposed Scheme of Amalgamation of India Radiators Limited (Transferor Company) with Mercantile Ventures Limited (Transferee Company) and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013. Remote e-voting through CDSL will be available from March 10, 2026 (9:00 AM) to March 12, 2026 (5:00 PM). Mr. K Gaurav Kumar has been appointed as Chairperson and Ms. AU Maithreyi as Scrutinizer for the meeting. If approved by shareholders, the scheme will still require subsequent NCLT approval.
This is a procedural step toward a potential merger of India Radiators into Mercantile Ventures. Shareholders should participate in the e-voting window (March 10–12, 2026) as their vote will decide whether the amalgamation proceeds, subject to final NCLT sanction.