NCLT approves amalgamation of India Radiators with Mercantile Ventures

NCLT Chennai has approved the Scheme of Amalgamation of India Radiators Limited (Transferor) with Mercantile Ventures Limited (Transferee) on 2 July 2026. Appointed date is 1 January 2025. Share swap ratio is 10 equity shares of Mercantile Ventures (INR 10 face value) for every 36 equity shares of India Radiators. Scheme becomes effective upon filing the certified copy with the Registrar of Companies. India Radiators will be dissolved without winding up. About 99.99 percent of public shareholders voted in favor.