Board approves Q1 results, re-appoints WTD E N Rangaswami for 3 years
MERCANTILE · price
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Mercantile Ventures board approved unaudited Q1 FY27 results for the quarter ended June 30, 2026, showing consolidated net profit of about Rs 120.53 lakhs versus a loss of Rs 58.28 lakhs in the same quarter last year. The board re-appointed Mr. E N Rangaswami as Whole-time Director for 3 years from December 5, 2026 to December 4, 2029. The 25th AGM is scheduled for September 24, 2026 via video conferencing. The NCLT has approved the merger of India Radiators Limited with the company, with effective date July 23, 2026 and appointed date January 1, 2025, and prior period figures have been restated accordingly.
Routine quarterly results with a swing to profit from prior-year loss. Director re-appointment is continuity, not a change. Merger of India Radiators effective July 2026.