Outcome of the Board Meeting - Scheme of Arrangement. In compliance with Regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform you that the Board of Directors (Board) of the Company, based on the recommendation of the Audit Committee and the Independent Directors, at its meeting held today i.e. April 08, 2025, has considered and approved the Scheme of Amalgamation of India Radiators Limited (Company or Transferor Company or IRL) with and into the Mercantile Ventures Limited (Transferee Company or MVL) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder (Scheme). The Scheme inter alia provides for the arrangement of the Company with and into the Transferee Company 10 (Ten) Equity Shares of Transferee Company of INR 10/- each fully paid up for every 36 (Thirty-Six) Equity Shares of Transferor Company of INR 10/- each fully paid up. Intimation under Regulation 30 of SEBI (LODR), Regulations, 2015 -Scheme of Arrangement. Outcome of the Board meeting approving proposed Scheme of Arrangement (As Per BSE Announcement dated on 08.04.2025) Receipt of Observation letter with no adverse observations from BSE Limited (As Per BSE Announcement Dated On : 15.10.2025) Filing of Application Form NCLT 1 with Hon''ble National Company Law Tribunal. (As per BSE Announcement dated on: 05.12.2025) Order passed by Hon''ble National Company Law Tribunal Division Bench (Court-1) Chennai for convening the Meeting of the Equity Shareholders of the Company. (As per BSE Announcement dated on: 05.02.2026) Order passed by Hon''ble National Company Law Tribunal Division Bench (Court - I) Chennai for convening the meeting of the equity shareholders and unsecured creditors of the Company (As Per BSE Announcement Dated on:05.02.2026) Outcome of the NCLT Convened Unsecured Creditors meeting of the Company held on Friday, 13th March 2026. (As per BSE Announcement dated on: 13.03.2026) Filing of Second Motion Petition with the Hon''ble National Company Law Tribunal, Chennai Bench (NCLT). Filing of Second motion petition with Hon''ble National Company Law Tribunal, Chennai (As Per BSE Announcement Dated on:23.03.2026) Pronouncement of Order approving Scheme of Amalgamation by Hon''ble National Company Law Tribunal, Division Bench (Court - I), Chennai. Intimation under Regulation 30 of SEBI (LODR),2015. (As per BSE Announcement dated on: 07.07.2026) Outcome of the circular resolution passed on July 13th 2026 Outcome of the Circular Resolution passed on 13th July 2026 Regulation 42 - SEBI LODR - The record date is fixed on Friday, 24th July 2026, for the purpose of determining the eligible shareholders of India Radiators Limited (Transferor Company) to whom the equity shares of the Company would be allotted as per the share exchange ratio. (As Per BSE Announcement Dated on 13.07.2026) Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as approved by the Honble National Company Law Tribunal (NCLT), CHENNAI, providing for the Merger of India Radiators Ltd (Transferor Company ) INTO Mercantile Ventures Limited (Transferee Company), India Radiators Ltd has informed the Record Date fixed for the purpose of Amalgamation and to determine the entitlement of shareholders of India Radiators Ltd to the Equity Shares of Mercantile Ventures Limited COMPANY NAME & CODE India Radiators Ltd (505100) RECORD DATE 24/07/2026 PURPOSE As per Scheme of Amalgamation approved by the Honble National Company Law Tribunal, New CHENNAI Bench: Upon coming into effect of the Scheme of Amalgamation between India Radiators Ltd (Transferor Company) and Mercantile Ventures Limited (Transferee Company) and in consideration of the Amalgamation of India Radiators Ltd INTO Mercantile Ventures Limited Mercantile Ventures Limited shall Issue and allot Equity Shares to the Shareholders of India Radiators Ltd in the following proportion 10 (Ten) Equity shares of Mercantile Ventures Limited with the Face value of Rs. 10/- each fully paid up for every 36 (Thirty- Six) Equity Shares of India Radiators Ltd with a Face Value of Rs.10/- each fully paid up No Dealings/ Suspension w.e.f. Date/Settlement No. 24/07/2026 DR-679/2026-2027 Trading Members of the Exchange are requested to take note that Trading in the Equity shares of India Radiators Ltd is Restricted on account of GSM. The scrip will not be available for Trading on and from 24th July, 2026 due to corporate action of Amalgamation. (As Per BSE Notice Dated on 23.07.2026) Intimation regarding Effectiveness of the Scheme of Amalgamation and filing of Form INC 28 on 23rd July 2026 (As Per BSE Announcement Dated on:23.07.2026)