India Radiators Limited
India Radiators Limited has intimated the Bombay Stock Exchange Limited regarding the fixation of record date for its scheme of amalgamation with Mercantile Ventures Limited.
Key Details
- Record Date: Friday, 24th July 2026
- Purpose: For determining eligible shareholders of India Radiators Limited (Transferor Company) who shall be entitled to receive equity shares of Mercantile Ventures Limited (Transferee Company)
- Share Exchange Ratio: 10 (Ten) equity shares of Mercantile Ventures Limited (face value of ₹10 each fully paid up) for every 36 (Thirty-Six) equity shares of India Radiators Limited (face value of ₹10 each fully paid up)
- Book Closure: Not Applicable
- Security Type: Equity
Scheme Details
The scheme involves amalgamation between India Radiators Limited (Transferor Company) and Mercantile Ventures Limited (Transferee Company) and their respective shareholders and creditors.