Mercantile Ventures Ltd (MERCANTILE) — Board Meeting | 29 August 2026

The 25th Annual General Meeting of Mercantile Ventures Ltd (BSE: MERCANTILE) was held on 24th September 2026 via video conferencing. Shareholders approved the adoption of audited standalone and consolidated financial statements for FY 2025-26, re-appointed E N Rangaswami as Whole-time Director for three years with remuneration of ₹85 Lakhs per annum, and approved a material related party transaction with SPIC up to ₹20 Crores (21.43% of consolidated turnover). The meeting included remote e-voting from 21st to 23rd September 2026, with quorum requirements allowing virtual attendance up to 1,000 participants excluding large shareholders. Director changes included the resignation of Ms. M S Niranjhan and appointment of Mr. N Umasankar as Whole-time Director (Finance) & CFO. The board composition remains stable with 6 directors, including 3 independent directors. No dividends were declared, and no material changes in capital structure or promoter shareholding occurred. The filing confirms compliance with SEBI LODR, Companies Act, and no regulatory penalties.