Mercantile Ventures Ltd
Mercantile Ventures Ltd. Shareholders Approve Amalgamation with India Radiators Ltd. š
ā¢ Shareholders approved the amalgamation scheme with India Radiators Ltd. at a court-convened meeting held on March 13, 2026.
ā¢ The proposal received 100,684,419 votes in favor (99.9998%) and only 200 votes against.
ā¢ Public non-institutional shareholders voted 99.999% in favor (19,470,474 shares) and 0.001% against (200 shares).
ā¢ The scrutinizer, Ms. A.U. Maithereyi, confirmed the e-voting process was fair and transparent with no invalid votes recorded.
ā¢ The amalgamation is subject to final approval from the National Company Law Tribunal (NCLT), BSE, and SEBI.