Mercantile Ventures Limited has intimated the Bombay Stock Exchange Limited about fixing a record date for its scheme of amalgamation with India Radiators Limited. The disclosure is made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.
The record date has been fixed as Friday, 24th July 2026 for the purpose of determining the shareholders of India Radiators Limited (Transferor Company) who shall be entitled to receive equity shares of Mercantile Ventures Limited (Transferee Company).
The share exchange ratio provided under the Scheme is: 10 (Ten) equity shares of the transferee company (Mercantile Ventures Limited) with the face value of INR 10/- each fully paid up for every 36 (Thirty-Six) equity shares of the transferor company (India Radiators Limited) with a face value of INR 10/- each fully paid up.
The company has stated that book closure is not applicable for this corporate action.
The communication was digitally signed by E N Rangaswami, Whole-time Director (DIN: 06463753) of Mercantile Ventures Limited on 13th July 2026 at 16:32:09 IST.