Scheme of Amalgamation with India Radiators becomes effective

Nclt Scheme FiledStrategic Transactions View source PDF

MERCANTILE · price

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Price reaction · full curve 14 horizons · vs prior close

-5.6%1-day move

₹25.95

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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Up moveDown movePending

AI summary

NCLT-approved Scheme of Amalgamation of India Radiators Limited into Mercantile Ventures Limited became effective on July 23, 2026 after filing Form INC-28 with RoC Chennai. India Radiators will be dissolved without winding up. Authorized share capital rose from Rs 13,009 Lakhs to Rs 15,109 Lakhs, with equity shares increasing to 11,60,90,000 and preference shares to 3,50,00,000.

Likely market impact

India Radiators absorbed into Mercantile Ventures; share capital structure altered. Await further details on share allotment and any swap terms.