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India Radiators Ltd

NSE: BSE: 505100

₹14.40

(4.96%)

Sun, 15 Mar 2026, 09:12 am

India Radiators News

India Radiators Receives BSE 'No Adverse Observation' for Merger with Mercantile Ventures

India Radiators Limited received a 'No Adverse Observation' letter from BSE Limited regarding its proposed amalgamation with Mercantile Ventures Limited. The BSE issued this observation letter under Regulation 37 of the Listing Regulations, which allows the company to proceed with filing the scheme before the National Company Law Tribunal (NCLT). The merger scheme was previously approved by Mercantile Ventures' Board of Directors and requires various regulatory approvals. SEBI provided 12 specific comments and conditions that must be addressed, including disclosure of ongoing legal proceedings, compliance with regulatory circulars, and ensuring financial information is not more than 6 months old. The observation letter has a validity of six months from October 14, 2025, within which the scheme must be submitted to NCLT. BSE reserves the right to withdraw its observation if any information is found incomplete or misleading.

15 Oct 2025

corporate action

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.

31 Jul 2025

corporate action

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Market Current News

11 Indian Energy Vessels Stranded Near Hormuz Strait

Indian government official reports four crude oil vessels, six LPG ships, and one LNG carrier stranded west of the Strait of Hormuz, highlighting potential supply chain disruptions.

14 Mar 2026

commodities

India Expects 92,000 Tons LPG Shipment March 16-17

Indian government official confirms vessels carrying 92,000 tons of LPG are scheduled to arrive on March 16-17, addressing domestic energy supply requirements.

14 Mar 2026

commodities

Gold Import Price Cut by $12 to $1652 Per 10 Grams

Government reduces gold import price from $1664 to $1652 per 10 grams, marking a $12 decrease that could impact domestic gold pricing and import dynamics in the precious metals market.

14 Mar 2026

commodities

Government Raises Silver Base Import Price by $20/KG

The government has increased the silver base import price to $2,820 per kg from the previous level of $2,800 per kg, marking a $20 increase in the benchmark pricing for silver imports.

14 Mar 2026

commodities

Brent Crude Futures Rise 2.67% to $103.14/BBL

Brent crude oil futures closed higher at $103.14 per barrel, gaining $2.68 or 2.67% in the trading session, reflecting positive momentum in global energy markets.

13 Mar 2026

commodities

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800