Mercantile Ventures Limited (MVL) has taken a significant step forward in its proposed merger with India Radiators Limited by filing an application (Form NCLT-1) with the National Company Law Tribunal (NCLT), Chennai Bench. This move marks a crucial development in the ongoing amalgamation process between the two companies.

Key Developments

• MVL has filed Form NCLT-1 with the NCLT Chennai Bench.
• The filing pertains to the proposed scheme of amalgamation between MVL (Transferee Company) and India Radiators Limited (Transferor Company).
• This action follows previous intimations regarding the merger process.

Implications for Stakeholders

The amalgamation, once approved, is expected to have significant implications for shareholders and creditors of both Mercantile Ventures Limited and India Radiators Limited. While specific details of the scheme are not disclosed in the current filing, such corporate actions typically aim to create synergies, optimize operations, or consolidate market position.

Financial Position of Mercantile Ventures Limited

To provide context on the financial standing of Mercantile Ventures Limited, here's a snapshot of key financial metrics based on the latest available balance sheet data:

The company's financial position shows stability in total equity and a slight increase in investments, despite a marginal decrease in total assets. The reduction in current assets and increase in current liabilities may indicate changes in working capital management.

Next Steps

The filing of Form NCLT-1 is a preliminary step in the legal process of amalgamation. Stakeholders should anticipate further developments, including:

1. NCLT's review of the application
2. Potential hearings or requests for additional information
3. Approvals from various regulatory bodies
4. Shareholder and creditor meetings for voting on the scheme

Investors and stakeholders of both Mercantile Ventures Limited and India Radiators Limited are advised to stay informed about future announcements regarding the progress of this amalgamation process.

Note: All financial figures are in Indian Rupees (₹) and sourced from the latest available balance sheet data.

Mercantile Ventures Limited , a diversified company operating in rent and maintenance of immovable properties, manpower services, and security services, has reported mixed financial results for the quarter ended September 30, 2025. The company also announced a key appointment to its leadership team.

Financial Performance

On a standalone basis, Mercantile Ventures experienced a downturn in its bottom line:

However, the consolidated results painted a more positive picture:

The company's consolidated performance shows significant growth in both revenue and profitability compared to the same quarter last year.

Segment Performance

Mercantile Ventures operates in three main segments:

1. Rent and Maintenance of Immovable Properties
2. Manpower Services
3. Security Services

The company's diversified business model appears to have contributed to its overall consolidated growth, despite challenges in the standalone results.

New Leadership Appointment

Mercantile Ventures' Board of Directors has approved the appointment of Mr. N Umasankar as Additional Director designated as Whole-time Director (Finance) & CFO. Key details of the appointment include:

• Tenure: Two years from October 27, 2025, to October 26, 2027
• Background: Mr. Umasankar brings 32 years of finance and administrative experience
• Qualifications: B.A. in Corporate Studies and MBA in Finance and HR

This appointment aims to strengthen the company's financial leadership.

Looking Ahead

While the standalone results show pressure on profitability, the strong consolidated performance suggests that Mercantile Ventures' diversified business strategy is yielding positive results. The appointment of an experienced finance professional as CFO could potentially help the company in optimizing its financial operations and driving growth across its various business segments.