Outcome of the NCLT convened Equity Shareholders meeting of the Company held on Friday, 13th March 2026.
MERCANTILE · price
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Awaiting price reaction for this filing.
Mercantile Ventures held an NCLT-ordered meeting of its equity shareholders on March 13, 2026 via video conferencing to seek approval for the proposed Scheme of Amalgamation with India Radiators Limited under Sections 230-232 of the Companies Act, 2013. The NCLT had directed the meeting on February 2, 2026, and appointed Mr. K. Gaurav Kumar as Chairperson and Ms. A.U. Maitherey as Scrutinizer. Shareholders were briefed on the salient features of the scheme, given a chance to ask questions, and remote e-voting was open from March 10-12 via CDSL. The meeting concluded at 12:27 PM with e-voting continuing for 15 minutes afterward, though the actual voting results are not disclosed in this document.
This is a procedural step in the amalgamation process — shareholder approval is a key milestone. The actual outcome of the voting is not yet revealed in this filing, so investors should await the result announcement to gauge whether the merger with India Radiators will proceed toward completion.