News

India Radiators merger effective July 23

India Radiators Ltd amalgamates with Mercantile Ventures Ltd effective July 23, 2026. The company filed Form INC-28 with RoC Chennai.

India Radiators amalgamation petition disposed by NCLT

India Radiators Limited's Scheme of Amalgamation with Mercantile Ventures Limited has been disposed of by the NCLT. The company is awaiting the certified copy of the order.

India Radiators FY26 Results

India Radiators reported a net loss of ₹147.58 lakh for FY26, widening from ₹84.92 lakh in FY25. Revenue from operations remained flat at ₹6.32 lakh.

India Radiators Limited Reports Q2 2025 Results, Schedules 75th AGM, and Appoints New Auditors

India Radiators Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2025, during their meeting on July 31, 2025. The company reported a net loss of Rs 58.45 lakhs compared to Rs 17.64 lakhs loss in the same quarter last year. Total income remained flat at Rs 1.60 lakhs versus Rs 1.64 lakhs in the previous year quarter, while total expenses increased significantly to Rs 65.25 lakhs from Rs 24.13 lakhs. The company scheduled its 75th Annual General Meeting for September 24, 2025, at 2:30 PM through video conferencing. The Board appointed M/s KRA Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30 at Rs 25,000 remuneration, subject to shareholder approval. Ms. Ramya Ganapathy was appointed as Internal Auditor for FY 2025-26 at Rs 5,000 per quarter. The company's earnings per share was negative at Rs 6.49 compared to negative Rs 1.96 in the corresponding quarter last year.