Regulation 42 - SEBI LODR - The record date is fixed on Friday, 24th July 2026, for the purpose of determining the eligible shareholders of India Radiators Limited (Transferor Company) ....
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Mercantile Ventures Limited has fixed Friday, 24th July 2026 as the record date for its scheme of amalgamation with India Radiators Limited. Under the scheme, India Radiators (Transferor Company) will merge into Mercantile Ventures (Transferee Company). Shareholders of India Radiators will be allotted 10 equity shares of Mercantile Ventures (face value INR 10 each fully paid up) for every 36 equity shares held in India Radiators (face value INR 10 each fully paid up). The record date is to identify eligible shareholders of India Radiators entitled to receive shares of Mercantile Ventures under the share exchange ratio. The intimation is made under Regulation 42 of SEBI LODR.
This is a procedural step toward completing the amalgamation. India Radiators shareholders must hold shares as of the record date to qualify for the share swap, while existing Mercantile Ventures shareholders may see equity dilution once new shares are issued under the scheme.