Outcome of NCLT Convened Equity Shareholders meeting of the company held on Friday, 13th March 2026.
Awaiting price reaction for this filing.
India Radiators Ltd held an NCLT-ordered meeting of equity shareholders on March 13, 2026, via video conferencing, to approve a Scheme of Amalgamation with Mercantile Ventures Ltd under Sections 230-232 of the Companies Act, 2013. India Radiators is the Transferor Company and Mercantile Ventures is the Transferee Company. The meeting was chaired by Mr. K. Gaurav Kumar, appointed by the NCLT, with Ms. A.U. Maithereyi acting as Scrutinizer. Remote e-voting on the CDSL platform was open from March 10 to March 12, 2026. The meeting concluded at 10:08 AM with no shareholders registering to speak; voting results from the Scrutinizer's report are awaited.
For shareholders, this is a procedural step toward the proposed merger of India Radiators into Mercantile Ventures. The outcome of the e-voting (approval threshold and dissenting votes) will determine next steps — if approved, the scheme will move toward NCLT sanction; rejection or large dissent could delay or derail the deal. The stock may see volatility pending the voting result announcement.