NCLT approves amalgamation of India Radiators with Mercantile Ventures

The NCLT Chennai has approved the scheme of amalgamation of India Radiators Limited (Transferor) with Mercantile Ventures Limited (Transferee) on 2 July 2026. Swap ratio is 10 equity shares of Mercantile Ventures (face value Rs 10) for every 36 equity shares of India Radiators (face value Rs 10). Appointed date is 1 January 2025. India Radiators will be dissolved without winding up and all its assets, liabilities and employees will transfer to Mercantile Ventures. Scheme becomes effective once the certified copy of the order is filed with ROC Chennai.