Allotment pursuant to Scheme of Amalgamation
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 04 Aug 2026, 05:50 PM IST · BSE ID: cd640b48-c799-4f2a-8fce-9b46039507af
View Original BSE Filing (PDF)
💡
In Simple Terms
Mercantile Ventures issued 1,53,161 new shares to complete its merger with India Radiators.
🤖 AI Summary
- Mercantile Ventures Board approved allotment of 1,53,161 equity shares of Rs. 10 each on August 04, 2026.
- Shares allotted to eligible shareholders of India Radiators Limited following the Scheme of Amalgamation.
- Paid-up equity share capital increased from 11,19,18,195 shares to 11,20,71,356 shares, face value Rs. 10.
- Share exchange ratio: 10 fully paid-up equity shares of Mercantile Ventures for every 36 shares of India Radiators.
- Company is processing listing and trading approvals for the newly allotted shares with BSE Limited.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity shares allotted
1,53,161 equity shares
Face value per share
Rs. 10
Previous paid-up equity share capital
11,19,18,195 shares
New paid-up equity share capital
11,20,71,356 shares
🏢 How This Affects the Company
This allotment is the final step in the legal and administrative process of amalgamating India Radiators Limited, consolidating its operations within Mercantile Ventures.
The company's paid-up equity share capital has increased by 1,53,161 equity shares, raising the total from 11,19,18,195 shares to 11,20,71,356 shares.
👥 What This Means For Shareholders
✅
Action Required
No direct action is required from existing Mercantile Ventures Limited shareholders based on this filing.
👤
Who Is Affected
Eligible shareholders of India Radiators Limited will receive 10 fully paid-up equity shares of Mercantile Ventures for every 36 shares held in India Radiators. Existing Mercantile Ventures shareholders see their proportionate ownership slightly diluted due to the increase in total shares from 11,19,18,195 to 11,20,71,356.
🔍
Management Signal
The Board's circular resolution indicates management's commitment to completing the amalgamation process and integrating India Radiators into Mercantile Ventures' structure.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
BSE filing for listing approval of the new 1,53,161 equity shares.
Trading commencement date for the newly allotted equity shares.
Consolidated financial results reflecting the integrated India Radiators business.
LOW RISK
This is a procedural completion of a merger with no new identified risks.
💡 Investor Takeaway
Mercantile Ventures has allotted 1,53,161 equity shares of Rs. 10 each to India Radiators shareholders. This increases the total paid-up equity share capital from 11,19,18,195 to 11,20,71,356 shares, finalizing a key step in the amalgamation process.
⚖️ Strengths & Concerns
✅ Positives
- Completion of the share allotment for the India Radiators amalgamation confirms the integration of the two entities, providing operational clarity for the combined business.
- The issuance of 1,53,161 new shares resolves the equity component of the merger, stabilizing the capital structure for the combined entity.
📅 Company Track Record
Mercantile Ventures completed the India Radiators merger, increasing authorized capital to Rs. 15,109 Lakhs (filed July 23, 2026). The NCLT approved the India Radiators merger on July 02, 2026, as intimated on July 07, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How many equity shares did Mercantile Ventures allot?
Mercantile Ventures allotted 1,53,161 equity shares to eligible shareholders of India Radiators Limited.
What is the face value of the newly allotted equity shares?
The newly allotted equity shares each have a face value of Rs. 10, fully paid-up.
How has Mercantile Ventures' paid-up equity share capital changed after the allotment?
The paid-up equity share capital of Mercantile Ventures increased from 11,19,18,195 shares to 11,20,71,356 shares.
What was the share exchange ratio for the amalgamation?
The share exchange ratio was 10 fully paid-up equity shares of Mercantile Ventures Limited for every 36 fully paid-up equity shares held in India Radiators Limited.
Questions based on this BSE filing only. For information purposes.