India Radiators Limited's Board has noted a court order sanctioning its merger with Mercantile Ventures Limited.

The Board set a Record Date to determine shareholders eligible to receive new shares.

Shareholders will receive 10 equity shares of Mercantile Ventures, each with a face value of INR 10, for every 36 equity shares held in India Radiators, also with a face value of INR 10 each.

The merger will become effective once the court order is filed with the Registrar of Companies, a detail that will be announced later.

This paves the way for the company's integration.