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BSE sets 24 July 2026 record date for India Radiators-Mercantile merger
India Radiators shares to stop trading on 24 July 2026; shareholders get 10 Mercantile Ventures shares for every 36 held.
What changed
- BSE fixes record date of 24 July 2026 for the amalgamation of India Radiators into Mercantile Ventures.
- Trading in India Radiators (scrip code 505100) will be suspended from 24 July 2026.
- Shareholders will receive 10 equity shares of Mercantile Ventures for every 36 shares held.
The read
BSE has set the merger in motion. Trading in India Radiators shares stops on 24 July 2026, with shareholders receiving 10 Mercantile Ventures shares for every 36 held, under an NCLT-approved scheme. The scrip was already under GSM surveillance. No action required from shareholders, but trading members must block further dealings. This is a standard corporate action, formalising an exit the market already anticipated.
India Radiators LimitedMercantile Ventures LimitedNCLT Chennai Bench
Primary source: official circular (PDF)