Filing of Application (Form NCLT -1) with the Hon''ble National Company Law Tribunal.
MERCANTILE · price
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Awaiting price reaction for this filing.
Mercantile Ventures Ltd has filed an application (Form NCLT-1) with the NCLT Chennai Bench in connection with the proposed Scheme of Amalgamation of India Radiators Limited (Transferor Company) with Mercantile Ventures Limited (Transferee Company). This filing follows earlier intimations made on April 8, 2025 and October 15, 2025 regarding the same scheme. The application is a procedural step toward seeking NCLT approval for the merger.
This is a routine regulatory step toward completing the amalgamation with India Radiators Ltd. No immediate effect on shareholders or stock price is expected; subsequent NCLT hearings and approvals will determine the timeline.