Mercantile Ventures has announced a significant change in its promoter group shareholding structure following a National Company Law Tribunal (NCLT) approved amalgamation. Trinity Auto Points Ltd, a promoter group entity, has increased its direct equity stake in the company from 18.72% to 31.58%.

Shareholding Restructuring

The increase in Trinity Auto Points' shareholding is a result of its merger with Golden Star Assets Consultants Pvt Ltd, another entity within Mercantile Ventures' promoter group. Prior to the amalgamation:

Post-amalgamation, Trinity Auto Points now holds a total of 3,53,52,000 shares, representing a 31.58% stake in Mercantile Ventures.

NCLT Approval and Effective Date

The amalgamation was sanctioned by the National Company Law Tribunal on July 24, under Sections 230 to 232 of the Companies Act, 2013. The scheme became effective on August 19, as per the company's disclosure.

Impact on Overall Promoter Holding

It's important to note that this internal restructuring does not alter the overall shareholding of the promoter and promoter group in Mercantile Ventures. The change merely represents a consolidation of shares under Trinity Auto Points Ltd.

Company Communication

E N Rangaswami, Whole-time Director of Mercantile Ventures Limited, communicated this development to the BSE Limited on August 26, in compliance with Regulation 30 of SEBI LODR regulations 2015.

Upcoming Annual General Meeting

In related news, Mercantile Ventures has scheduled its 24th Annual General Meeting (AGM) for September 25, at 3:00 PM IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Key dates for shareholders include:

• Cut-off date for voting eligibility: September 18
• Remote e-voting period: September 22 (9:00 AM IST) to September 24 (5:00 PM IST)
• Closure of Register of Members and Share Transfer Books: September 19-25 (both days inclusive)

Shareholders are advised to take note of these dates for participation in the upcoming AGM.

Mercantile Ventures Limited , a diversified company with interests in real estate, manpower services, and investments, has reported robust financial results for the first quarter, along with several key corporate announcements.

Financial Performance

The company's unaudited standalone financial results for Q1 show significant growth:

On a consolidated basis, Mercantile Ventures reported:

• Income from operations: Rs. 2,107.55 lakhs
• Net profit: Rs. 908.62 lakhs
• Earnings per share: Rs. 0.81

The company's performance demonstrates substantial year-over-year growth, particularly in net profit and earnings per share.

Segment-wise Performance

Mercantile Ventures' diverse business segments contributed to its overall growth:

1. Rent and Maintenance of Immovable Properties: Revenue of Rs. 195.83 lakhs
2. Manpower Services: Revenue of Rs. 825.39 lakhs
3. Security Services: Revenue of Rs. 1,073.28 lakhs
4. Investment Activities: Revenue of Rs. 13.05 lakhs

Corporate Updates

The Board of Directors, at their recent meeting, approved several important decisions:

1. Appointment of Secretarial Auditors: M/s. KRA & Associates, a peer-reviewed firm of Practicing Company Secretaries, has been appointed as Secretarial Auditors for a term of five consecutive years (2025-26 to 2029-30), subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Internal Auditor Appointment: Ms. Ramya Ganapathy, a Chartered Accountant, has been appointed as the Internal Auditor for the financial year 2025-26, with a remuneration of Rs. 15,000 per quarter.

3. Annual General Meeting: The 24th AGM is scheduled for September 25, 2025, at 3:00 PM IST, to be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

4. Record Date and Book Closure: The cut-off date for shareholders' voting eligibility is set as September 18, 2025. The register of members and share transfer books will remain closed from September 19 to September 25, 2025 (both days inclusive).

Management Commentary

E N Rangaswami, Whole-time Director of Mercantile Ventures Limited, stated, "We are pleased with our strong start to the fiscal year. Our diversified business model has proven resilient, with significant growth across our key segments. The appointment of new auditors underscores our commitment to maintaining the highest standards of corporate governance."

Investors and stakeholders can expect further details and discussions on the company's performance and future outlook during the upcoming Annual General Meeting in September.

Mercantile Ventures Limited continues to focus on its core business segments while exploring opportunities for sustainable growth and value creation for its shareholders.