Latest news about Mercantile Ventures
Mercantile Ventures
24.53
+0.18(+0.74%)
Company Performance:
View Company Insights1D+0.74%
1M-3.95%
6M+11.00%
1Y+11.00%
5Y+11.00%
More news about Mercantile Ventures
30Jan 26
Mercantile Ventures Limited Schedules Board Meeting for February 06, 2026 to Consider Q3FY26 Financial Results
Mercantile Ventures Limited has scheduled a board meeting for February 06, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The meeting notification complies with SEBI Regulation 29 requirements and was communicated to BSE Limited on January 30, 2026. The announcement was authorized by Whole-time Director E N Rangaswami (DIN 06463753), ensuring proper corporate governance and stakeholder transparency.
17Dec 25
Mercantile Ventures Completes Postal Ballot, Confirms Director Appointment
Mercantile Ventures Limited has successfully concluded its postal ballot voting process and formally notified BSE about the appointment of Mr. N Umasankar as Whole-time Director (Finance) & CFO. The voting concluded on December 16, 2025, with overwhelming 99.999% shareholder support for both resolutions, conducted through CDSL's remote e-voting platform and scrutinized by KRA and Associates.
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.
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.
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.
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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