BSECompany Update6d ago · 23 Jul 2026, 04:23 pm
Intimation regarding Effectiveness of the Scheme of Amalgamation and filing of Form INC 28 on 23rd July 2026
India Radiators Ltd · 505100
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India Radiators Ltd has filed Form INC-28 with the Registrar of Companies, Chennai, on 23 July 2026, marking the effectiveness of the Scheme of Amalgamation with Mercantile Ventures Ltd. The Transferor Company will be dissolved without winding up, and its Board of Directors will stand dissolved.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
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Market Sentiment5/10
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India Radiators Ltd - 505100 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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India Radiators Limited
CIN: L27209TN1949PLC000963
Regd. Off. 88, Mount Road, Guind)(, Chennai - 600 032
E-mail: cs@indiaradiators.com Website: www.indiaradiators.com Contact No: 044-40432210
Date: 23 July 2026
BSE Limited,
PJ towers, Dalal Street,
Mumbai — 400 001.
Sir/Madam,
Serip Code: 505100
Sub: Intimation regarding Effectiveness of the Scheme of Amalgamation and Filing of
Form INC-28 - Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement)
Regulations, 2015 and as amended
Dear Sir / Madam,
With reference to the Scheme of Amalgamation of India Radiators Limited (“Transferor
Company”) with Mercantile Ventures Limited (“Transferee Company”) and their respective
shareholders and creditors sanctioned by the Hon'ble National Company Law Tribunal,
Division Bench (Court- I) Chennai, vide its Order dated July 08, 2026, certified copy whereof
has been received by the Company, we wish to inform you that the Transferor Company has
filed Form INC-28 with the Registrar of Companies, Chennai, on 23 July 2026, along with
the certified copy of the aforesaid Order.
Pursuant to the filing of e-Form INC-28 with the Registrar of Companies, the Scheme has
become effective in accordance with its terms with effect from July 23, 2026 ("'Effective
Date").
Further pursuant to the effectiveness of the Scheme, i.e., July 23, 2026:
i. The Transferor Company shall be dissolved without winding up.
ii. the Board of Directors and any committees thereof of the Transferor Company shall
without any further act. instrument or deed, stand dissolved.
The above is submitted for your information and record.
Thanking you
Yours faithfully,
For India Radiators Limited
E N Rangaswami
‘Whole-time Director
DIN: 06463753