Annual Secretarial Compliance Report for the year ended 31.03.2026
MERCANTILE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mercantile Ventures Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by KRA & Associates. The company is largely compliant with SEBI regulations including LODR, Depositories, Takeover, and Insider Trading regulations. One minor deviation was noted: 0.16% of promoter shareholding held by First Leasing Co of India Ltd has not been dematerialized because the company is under liquidation and its shares are controlled by the Official Liquidator under MCA. The previous year's observation on this matter remains unresolved as dematerialization is impracticable. BSE had raised a query regarding the maximum gap between board meetings, which the company has addressed and closed. Additionally, the company's second motion petition for merger with India Radiators Limited is pending before NCLT Chennai Bench.
The filing indicates generally strong regulatory compliance. The unresolved 0.16% dematerialization issue is a carryover matter from the prior year and unlikely to materially impact shareholders since it stems from an external liquidation process. The pending NCLT merger approval could be a positive catalyst for the company.