Filing of Application Form NCLT 1 with Hon''ble National Company Law Tribunal.
Awaiting price reaction for this filing.
India Radiators Limited has filed an application (Form NCLT-1) with the NCLT Chennai Bench on December 05, 2025, for the proposed Scheme of Amalgamation with Mercantile Ventures Limited. Under the scheme, India Radiators will be the Transferor Company and Mercantile Ventures will be the Transferee Company, along with their respective shareholders and creditors. This filing follows earlier intimations made on April 08, 2025 and October 15, 2025 regarding the same scheme. The next step will be NCLT hearings and approvals for the amalgamation to take effect.
Shareholders of India Radiators should expect further updates on swap ratio, NCLT hearing dates, and approval timelines. The stock may see volatility as the merger progresses through regulatory stages, and shareholders will eventually receive shares in Mercantile Ventures based on the approved swap ratio.