Intimation regarding effectiveness of the Scheme of Amalgamation and filing of Form INC 28 on 23.07.2026.
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 23 Jul 2026, 05:16 PM IST · BSE ID: 8061e858-3049-48ef-a29b-24e8d4551134
View Original BSE Filing (PDF)
💡
In Simple Terms
Mercantile Ventures completed its merger with India Radiators, increasing its total permitted share capital.
🤖 AI Summary
- Scheme of Amalgamation of India Radiators Limited with Mercantile Ventures Limited became effective July 23, 2026.
- Mercantile Ventures filed Form INC-28 with Registrar of Companies, Chennai, on July 23, 2026.
- Authorized Share Capital of Mercantile Ventures increased from Rs. 13,009 Lakhs to Rs. 15,109 Lakhs.
- India Radiators Limited dissolved without winding up, and its Board of Directors dissolved effective July 23, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Previous Authorized Share Capital
Rs. 13,009 Lakhs
New Authorized Share Capital
Rs. 15,109 Lakhs
Increase in Authorized Share Capital
Rs. 2,100 Lakhs
🏢 How This Affects the Company
The amalgamation consolidates the operations of India Radiators Limited into Mercantile Ventures Limited, streamlining the combined entity's business structure. This follows the NCLT approval for the merger of India Radiators with Mercantile Ventures.
The Authorized Share Capital of Mercantile Ventures Limited increased by Rs. 2,100 Lakhs, from Rs. 13,009 Lakhs to Rs. 15,109 Lakhs. This restructures the company's capital base.
India Radiators Limited has been dissolved without winding up, and its Board of Directors stands dissolved. This simplifies operational oversight by eliminating a separate legal entity.
The completion of the amalgamation eliminates operational and legal separation between the two entities, potentially simplifying governance and reducing compliance complexities associated with managing two distinct companies.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders of Mercantile Ventures Limited.
👤
Who Is Affected
Shareholders of Mercantile Ventures Limited are now invested in an enlarged entity with an increased Authorized Share Capital of Rs. 15,109 Lakhs, reflecting the integration of India Radiators Limited.
🔍
Management Signal
The completion of the amalgamation signals management's intent to consolidate and simplify the corporate structure, integrating India Radiators Limited fully into Mercantile Ventures Limited.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Upcoming financial results — assess combined entity's performance after amalgamation.
Future capital raising plans — check for utilization of increased Authorized Share Capital.
Further operational updates — monitor integration progress of India Radiators Limited.
LOW RISK
The filing confirms the completion of a corporate restructuring event, reducing prior uncertainty.
💡 Investor Takeaway
Mercantile Ventures Limited successfully completed its amalgamation with India Radiators Limited, effective July 23, 2026. The company's Authorized Share Capital increased from Rs. 13,009 Lakhs to Rs. 15,109 Lakhs, and India Radiators Limited is dissolved.
⚖️ Strengths & Concerns
✅ Positives
- Amalgamation completion streamlines corporate structure by dissolving India Radiators Limited, simplifying management and operations.
- Increased Authorized Share Capital by Rs. 2,100 Lakhs to Rs. 15,109 Lakhs provides capacity for future equity issuance.
📅 Company Track Record
Previous filings indicated Hon'ble NCLT approval for the scheme of amalgamation with India Radiators Limited on July 02, 2026, and separately, a merger of subsidiaries, i3 Security, with Rs. 5087.67 lakhs turnover, which was sanctioned on July 22, 2026. This current filing confirms the effectiveness of the India Radiators merger.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
When did the Scheme of Amalgamation for Mercantile Ventures Limited become effective?
The Scheme of Amalgamation of India Radiators Limited with Mercantile Ventures Limited became effective on July 23, 2026.
What was the previous Authorized Share Capital of Mercantile Ventures Limited?
The previous Authorized Share Capital of Mercantile Ventures Limited was Rs. 13,009 Lakhs.
What is the new Authorized Share Capital of Mercantile Ventures Limited after the amalgamation?
The new Authorized Share Capital of Mercantile Ventures Limited stands increased to Rs. 15,109 Lakhs following the scheme's effectiveness.
What is the status of India Radiators Limited after the amalgamation with Mercantile Ventures?
India Radiators Limited, the Transferor Company, has been dissolved without winding up, and its Board of Directors also stands dissolved.
Questions based on this BSE filing only. For information purposes.