Mercantile Ventures
22.10
+0.35(+1.61%)
Market Cap₹247.34 Cr
PE Ratio35.87
Company Performance:
1D+1.61%
1M0.00%
6M0.00%
1Y0.00%
5Y0.00%
View Company Insightsright
More news about Mercantile Ventures
05Dec 25
Mercantile Ventures Advances Amalgamation Process with India Radiators, Files NCLT Application
Mercantile Ventures Limited (MVL) has filed Form NCLT-1 with the National Company Law Tribunal (NCLT), Chennai Bench, for its proposed merger with India Radiators Limited. This marks a significant step in the amalgamation process between MVL (Transferee Company) and India Radiators Limited (Transferor Company). The move follows previous intimations about the merger. The amalgamation, once approved, is expected to impact shareholders and creditors of both companies.
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15Oct 25
Mercantile Ventures Secures BSE's 'No Adverse Observation' for India Radiators Amalgamation
Mercantile Ventures Limited (MVL) has received a 'No Adverse Observation' letter from BSE Limited for its proposed amalgamation with India Radiators Limited (IRL). The approval, dated October 14, 2025, is valid for six months and is subject to 12 specific conditions set by SEBI. These conditions include disclosing ongoing legal proceedings, ensuring up-to-date financial data, and issuing new shares only in demat form. MVL must now submit the scheme to the National Company Law Tribunal (NCLT) within the validity period. The company is required to provide comprehensive information to shareholders, including pre and post-scheme financial details, expected synergies, and a cost-benefit analysis of the amalgamation.
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26Aug 25
Trinity Auto Points Boosts Stake to 31.58% in Mercantile Ventures Following NCLT-Approved Merger
Trinity Auto Points Ltd, a promoter group entity of Mercantile Ventures, has increased its direct equity stake from 18.72% to 31.58% following an NCLT-approved amalgamation with Golden Star Assets Consultants Pvt Ltd. The merger, effective August 19, consolidates shares under Trinity Auto Points without altering the overall promoter group holding. Mercantile Ventures also announced its 24th AGM scheduled for September 25 via video conferencing.
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04Aug 25
Mercantile Ventures Reports Strong Q1 Results, Appoints New Auditors
Mercantile Ventures Limited reported robust Q1 financial results with significant growth. Standalone net profit increased by 2,172% to Rs. 636.01 lakhs, while consolidated net profit reached Rs. 908.62 lakhs. The company's diverse segments, including rent and maintenance, manpower services, and security services, contributed to overall growth. The Board approved the appointment of new Secretarial Auditors and Internal Auditor, and announced the 24th AGM to be held on September 25, 2025, via video conferencing.
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Mercantile Ventures
22.10
+0.35
(+1.61%)
1 Year Returns:0.00%
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