Outcome of NCLT Convened Equity Shareholders Meeting of the Company held on Friday, 13th March, 2026.
Awaiting price reaction for this filing.
India Radiators Limited held an NCLT-ordered equity shareholders meeting on March 13, 2026, via video conferencing to consider and approve its proposed Scheme of Amalgamation with Mercantile Ventures Limited 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 the Scrutinizer. Shareholders were briefed on the salient features of the scheme and given the opportunity to vote. The meeting concluded at 10:08 A.M. after a short 8-minute proceeding, with no shareholders registering to speak. Remote e-voting was open from March 10 to March 12, 2026, and a brief e-voting window was also available after the meeting for those who hadn't voted.
This is a procedural step in the ongoing merger process. The actual voting results (whether shareholders approved the amalgamation) are not disclosed in this filing and are awaited. If approved, India Radiators will merge into Mercantile Ventures, which would be a significant corporate restructuring event for shareholders.