Outcome of the NCLT Convened Unsecured Creditors of the Company held on Friday 13th March 2026.
MERCANTILE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mercantile Ventures Ltd held an NCLT-ordered meeting of its unsecured creditors on March 13, 2026, via video conferencing to seek approval for the proposed Scheme of Amalgamation with India Radiators Limited (Transferor Company), under Sections 230-232 of the Companies Act, 2013. The meeting was chaired by Mr. K. Gaurav Kumar, appointed by the NCLT, with Ms. A.U. Maithereyi acting as Scrutinizer. Remote e-voting was conducted via CDSL from March 10 to March 12, 2026, and an additional 15-minute window was provided for in-meeting e-voting. No creditors registered to speak, and the meeting concluded at 1:06 PM. Final voting results are awaited from the Scrutinizer's report.
This is a procedural milestone in the amalgamation process; the actual approval or rejection by unsecured creditors will be known once the Scrutinizer submits the voting results. Shareholders should watch for the outcome, as creditor rejection could delay or derail the merger between Mercantile Ventures and India Radiators.