Intimation regarding Effectiveness of the Scheme of Amalgamation and filing of Form INC 28 on 23rd July 2026
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 23 Jul 2026, 04:23 PM IST · BSE ID: c604c20b-9f1e-4bf7-ba7e-854e5f035281
View Original BSE Filing (PDF)
💡
In Simple Terms
India Radiators Limited has officially merged into Mercantile Ventures Limited, dissolving India Radiators as of July 23, 2026.
🤖 AI Summary
- Scheme of Amalgamation of India Radiators Limited with Mercantile Ventures Limited is effective from July 23, 2026.
- The effectiveness follows filing of e-Form INC-28 with Registrar of Companies, Chennai, on July 23, 2026.
- National Company Law Tribunal (Chennai) approved the amalgamation via Order dated July 08, 2026.
- India Radiators Limited, as Transferor Company, is dissolved without winding up upon effectiveness.
- Board of Directors of India Radiators Limited and its committees stand dissolved from July 23, 2026.
🏢 How This Affects the Company
India Radiators Limited ceases to exist as a standalone entity, with its business operations now integrated into Mercantile Ventures Limited.
The financial statements of India Radiators Limited will no longer be reported independently, becoming part of Mercantile Ventures Limited's consolidated financials.
All operational aspects, including management and committees of India Radiators Limited, are now dissolved, integrating into Mercantile Ventures Limited's structure.
👥 What This Means For Shareholders
✅
Action Required
Shareholders of India Radiators Limited should monitor communications from Mercantile Ventures Limited regarding the conversion of their shares as per the scheme terms.
👤
Who Is Affected
All shareholders of India Radiators Limited are directly affected as their shares will be exchanged for shares in Mercantile Ventures Limited based on the approved scheme.
🔍
Management Signal
The successful execution of the scheme indicates management's completion of the planned corporate restructuring, transitioning India Radiators into Mercantile Ventures.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Mercantile Ventures Limited's next quarterly results — assess impact of consolidated operations.
Details of share exchange ratio — confirm share allocation for former India Radiators shareholders.
Any further regulatory filings by Mercantile Ventures Limited detailing integration progress.
LOW RISK
The filing confirms the completion of a previously approved corporate action, reducing uncertainty.
💡 Investor Takeaway
The Scheme of Amalgamation of India Radiators Limited with Mercantile Ventures Limited became effective on July 23, 2026. This formally dissolves India Radiators Limited, with its Board also dissolved from this date.
⚖️ Strengths & Concerns
✅ Positives
- The successful completion of the amalgamation ensures a unified business structure under Mercantile Ventures Limited.
- Dissolution of the Transferor Company clarifies corporate structure and eliminates potential redundancies going forward.
📅 Company Track Record
Previous filing on July 07, 2026, confirmed the Hon'ble National Company Law Tribunal had sanctioned the Scheme of Amalgamation of India Radiators Limited with Mercantile Ventures Limited, effective from January 01, 2025.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the effective date of the amalgamation of India Radiators Limited?
The Scheme of Amalgamation became effective from July 23, 2026, following the filing of e-Form INC-28 with the Registrar of Companies, Chennai.
What happens to India Radiators Limited after the amalgamation becomes effective?
Upon the scheme's effectiveness from July 23, 2026, India Radiators Limited, as the Transferor Company, stands dissolved without winding up.
Which body approved the Scheme of Amalgamation for India Radiators Limited?
The Hon'ble National Company Law Tribunal, Division Bench (Court- I) Chennai, sanctioned the Scheme of Amalgamation via its Order dated July 08, 2026.
What happens to the Board of Directors of India Radiators Limited?
Pursuant to the effectiveness of the Scheme on July 23, 2026, the Board of Directors and any committees thereof of India Radiators Limited stand dissolved.
Questions based on this BSE filing only. For information purposes.