Sector: Commercial Services & Supplies - Services
BSE Code: 538942
NSE Symbol: MERCANTILE
ISIN: INE689O01013
📄 Mercantile Ventures Files Second NCLT Petition for India Radiators Amalgamation • Mercantile Ventures Ltd (Scrip Code: 538942) filed a Second Motion Petition with NCLT Chennai Bench • The scheme involves amalgamation of India Radiators Ltd (Transferor Company) with Mercantile Ventures Ltd (Tran…
📊 Unanimous Approval: All 14 Mercantile Ventures Creditors Vote in Favor of India Radiators Amalgamation • Scrutinizer Ms. A.U. Maithereyi submitted the e-voting report for the amalgamation • Meeting held on March 13, 2026 via audio-visual mode with 15 creditors attending • All 14 voting creditor…
Mercantile Ventures Ltd. Shareholders Approve Amalgamation with India Radiators Ltd. 📊 • Shareholders approved the amalgamation scheme with India Radiators Ltd. at a court-convened meeting held on March 13, 2026. • The proposal received 100,684,419 votes in favor (99.9998%) and only 200 votes aga…
📊 Mercantile Ventures Ltd: Unsecured Creditors Meeting Outcome • Meeting of unsecured creditors held on March 13, 2026 • Convened per NCLT order dated February 02, 2026 • Purpose: Approve Scheme of Amalgamation between India Radiators Ltd and Mercantile Ventures Ltd • Remote e-voting via CDSL ava…
Mercantile Ventures Ltd. Shareholders Approve Amalgamation Scheme 📋 • Shareholder meeting held on March 13, 2026 via video conferencing • Scheme approved under Sections 230-232 of Companies Act, 2013 • Remote e-voting period: March 10 (9:00 AM IST) to March 12 (5:00 PM IST) • Meeting chaired by M…
Mercantile Ventures Reports Strong Turnaround: Revenue Up 19.5% in FY25 📈 • Revenue increased to ₹7,218.53L in FY25 from ₹6,038.97L in FY24 (19.5% growth) • Net profit improved to ₹1,626.53L in FY25 from a loss of ₹776.38L in previous year • Net profit margin increased to 0.19% from 0.09% • Retur…
📊 Mercantile Ventures Sees Revenue Growth and Profit Turnaround in Latest Results • Total revenue from operations increased to ₹7,218.53 lakhs from ₹6,038.97 lakhs in the prior year • Profit after tax for the period is ₹1,730.55 lakhs, a significant improvement from a loss of ₹(426.24) lakhs in t…
📊 Mercantile Ventures Q3 FY2025 Results: Steady Performance with Key Highlights - Standalone total income for Q3 2025: ₹1,128.19 lakhs - Standalone net profit after tax for Q3 2025: ₹48.13 lakhs - Consolidated total income for Q3 2025: ₹2,574.69 lakhs - Consolidated net profit for Q3 2025: ₹285.5…
NCLT Orders Meetings for Mercantile Ventures & India Radiators Amalgamation 📋 • NCLT Chennai has ordered meetings for equity shareholders and unsecured creditors regarding the amalgamation of Mercantile Ventures with India Radiators • The amalgamation aims to consolidate both companies into a sin…
📊 Mercantile Ventures Ltd: Q3 & 9M FY26 Results Board Meeting Scheduled - Board meeting scheduled for Friday, 6 February 2026. - Meeting will consider and approve unaudited standalone and consolidated financial results. - Results cover the quarter and nine months ended 31 December 2025.
📢 Key Leadership Update: Mr. N Umasankar Appointed as CFO of Mercantile Ventures Ltd - Mr. N Umasankar (DIN: 07975664) appointed as Whole-time Director (Finance) & CFO, effective 27th October 2025 to 26th October 2027. - Shareholders approved via Postal Ballot (17th Nov - 16th Dec 2025) with 99.9…
Mercantile Ventures Shareholders Approve Key Leadership Appointments 📊✅ - Mr. N Umasankar (DIN: 07975664) appointed as Director via Ordinary Resolution - Mr. N Umasankar also appointed as Whole-time Director (Finance) & CFO via Special Resolution - Remote e-voting conducted via CDSL (Nov 17 - Dec…
Mercantile Ventures Moves Forward with Amalgamation Plan 🏢➡️🏢 - Mercantile Ventures Limited has filed an application (Form NCLT-1) with NCLT, Chennai Bench, for a Scheme of Amalgamation. - The scheme involves merging India Radiators Limited (Transferor Company) with Mercantile Ventures Limited (…
📢 Mercantile Ventures Ltd Seeks Shareholder Approval for Key Leadership Appointments - Board approved Postal Ballot Notice on 27-10-2025 for shareholder voting. - Two resolutions: (i) Appointment of Mr. N Umasankar (DIN: 07975664) as Director, (ii) Appointment as Whole-time Director (Finance) & C…
📊 Mercantile Ventures Ltd. Q2 2025 Results & New CFO Appointment - Board approved unaudited standalone & consolidated financial results for Q2 & H1 ending Sept 30, 2025. - Mr. N Umasankar (DIN: 07975664) appointed as Additional Director & Whole-time Director (Finance) & CFO. - His tenure runs fro…
📊 Mercantile Ventures Q2 2025 Results: Mixed Performance & New CFO Appointment - Standalone net loss narrowed to ₹18.96L in Q2 2025 (vs. ₹42.61L loss last quarter). - Consolidated net profit of ₹140.64L in Q2 2025 (vs. ₹86.93L loss last quarter). - Segment revenues: ₹194.87L (Rent/Maintenance), ₹…
📢 Mercantile Ventures Clears Key Hurdle in Amalgamation with India Radiators - Mercantile Ventures Limited received a 'No Adverse Observation' letter from BSE on October 14, 2025. - The letter follows SEBI's 12 comments on the draft amalgamation scheme with India Radiators Limited. - Key SEBI req…
Mercantile Ventures Ltd Announces Key Auditor Appointments 📊 - M/s. KRA & Associates appointed as Secretarial Auditors for FY 2025-26 to FY 2029-30 (subject to shareholder approval at AGM on 25th Sept 2025). - Ms. Ramya Ganapathy appointed as Internal Auditor for FY 2025-26 at ₹15,000 per quarter…
Mercantile Ventures Ltd Q2 2025 Results & Key Updates 📊 - Unaudited financial results for Q2 2025 (June 30) approved, reviewed by Venkatesh & Co. - KRA & Associates appointed as Secretarial Auditor for 5 years (2025-26 to 2029-30), pending AGM approval. - Ms. Ramya Ganapathy named Internal Audito…
📋 Board Update: Independent Director Resigns at Mercantile Ventures Ltd • Mr. M S Niranjhan (DIN: 01650785) resigned as Independent Director of Mercantile Ventures Limited. • Resignation effective from close of business hours on July 31, 2025. • Reason cited: pressing professional and personal re…