BSEIndia Radiators LtdHighNeutral
Announced Thu, 23 Jul · 16:23 IST
India Radiators amalgamation with Mercantile Ventures effective from July 23, 2026
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
India Radiators has merged into Mercantile Ventures via a Scheme of Amalgamation sanctioned by NCLT Chennai on July 8, 2026. The company filed Form INC-28 with the ROC Chennai on July 23, 2026, making the scheme effective from that date. India Radiators will be dissolved without winding up and its Board and committees stand dissolved with effect from July 23, 2026.
Likely market impact
India Radiators ceases to exist as a separate entity. Shareholders will receive Mercantile Ventures shares per the approved swap ratio. Stock likely delisted.