Mercantile ventures Limited has announced a board meeting scheduled for February 06, 2026, to review and approve its quarterly financial performance. The meeting represents a key corporate governance milestone as the company prepares to disclose its financial results for the third quarter of fiscal year 2026.

Board Meeting Details

The company has formally notified BSE Limited about the upcoming board meeting in compliance with regulatory requirements. The meeting will focus on considering and approving crucial financial documents for the reporting period.

Regulatory Compliance

The board meeting notification was issued pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to provide prior intimation to stock exchanges about board meetings where financial results will be considered.

The formal communication was addressed to BSE Limited's Corporate Relations Department and bears the company's script code 538942. The notification ensures transparency and keeps stakeholders informed about important corporate developments.

Corporate Authorization

The meeting announcement was authorized and signed by E N Rangaswami, serving as Whole-time Director of Mercantile Ventures Limited. His director identification number (DIN) is 06463753, and the document was digitally signed on January 30, 2026, at 15:11:11 +05'30'.

Company Information

Mercantile Ventures Limited operates under Corporate Identification Number (CIN) L65191TN1985PLC037309, indicating its incorporation in Tamil Nadu in 1985. The company maintains its registered office at 88 Mount Road, Guindy, Chennai - 600 032, India.

The upcoming board meeting will provide stakeholders with comprehensive insights into the company's financial performance for the third quarter and nine-month period of fiscal year 2026, covering operations through December 31, 2025.

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.