Mercantile Ventures Limited has published a newspaper advertisement notice regarding the special window for re-lodgement of transfer requests of physical shares under SEBI Regulation 30. The notice was communicated to BSE Limited on 15th April 2026, following SEBI circular dated 30th January 2026.

Regulatory Communication to BSE

The company submitted the newspaper advertisement published in Financial Express (English Edition) and Makkal Kural (Tamil Edition) on 14th April 2026 to the Department of Corporate Services at BSE Limited. The communication was signed by E N Rangaswami, Whole-time Director (DIN: 06463753), ensuring compliance with regulatory requirements.

Special Window for Physical Share Transfers

Pursuant to SEBI circular dated 30th January 2026, Mercantile Ventures Limited has reopened a special window for one year, from 5th February 2026 to 4th February 2027. This facility allows re-lodgement of transfer requests for physical shares that were previously rejected, returned, or not processed due to document deficiencies.

Eligibility Matrix for Transfer Requests

The company has provided a detailed eligibility matrix for shareholders seeking to utilize this special window. Transfer deeds executed before 1st April 2019 with original security certificates available are eligible for fresh lodgement. Previously rejected or returned requests with available original certificates also qualify for re-submission.

Corporate Governance and Compliance

The digital signature was applied on 15th April 2026, demonstrating the company's commitment to timely regulatory compliance. All relevant details regarding the special window are available on the company's website at www.mercantileventures.co.in , ensuring transparency and accessibility for shareholders.

For queries regarding the transfer process, shareholders can contact the company's Registrar and Share Transfer Agent, Cameo Corporate Services Limited, at their Chennai office or reach the company directly through their designated communication channels.

Mercantile Ventures Limited has achieved comprehensive stakeholder approval for its proposed amalgamation scheme with India Radiators Limited, securing both overwhelming shareholder support and unanimous creditor approval through separate NCLT-convened meetings held on March 13, 2026.

Shareholder Meeting Results

The equity shareholders meeting conducted through video conferencing from 12:00 P.M. to 12:27 P.M. IST resulted in a decisive 99.9998% vote in favour of the scheme. Out of 63 equity shareholders who participated in voting, 62 voted in favour while only 1 voted against the resolution.

Unanimous Creditor Approval

The unsecured creditors meeting, held at 1:00 P.M. on the same day, achieved complete consensus with all 14 participating creditors voting in favour of the amalgamation scheme. The meeting was attended virtually by 15 unsecured creditors, fulfilling the quorum requirements set by the Hon'ble Tribunal.

Meeting Structure and Governance

Both meetings were conducted under the supervision of the Hon'ble National Company Law Tribunal, Division Bench (Court-I) Chennai, pursuant to NCLT's order dated February 02, 2026. Ms. A.U. Maithereyi served as the NCLT-appointed scrutinizer for both meetings, with Mr. K. Gaurav Kumar acting as the chairperson.

Public Shareholder Participation

In compliance with SEBI Master Circular requirements, public shareholders demonstrated strong support with 56 public shareholders voting in favour representing 1,94,70,474 shares, achieving 99.999% approval from the public shareholder category.

Regulatory Framework and Next Steps

The amalgamation scheme approval was conducted under Sections 230 to 232 of the Companies Act, 2013, with the scheme involving India Radiators Limited as the transferor company merging with Mercantile Ventures Limited as the transferee company. The scrutinizer's reports, submitted on March 16, 2026, confirmed that both resolutions met all statutory requirements including the three-fourth majority threshold and SEBI's public shareholder approval criteria.

With decisive approval from both shareholders and creditors, the company can now proceed with the next phases of the amalgamation process, subject to final NCLT sanctions and other regulatory approvals.