Scheme of Amalgamation

India Radiators Limited Scheme

Board Meeting

• Outcome of Board Meeting 08-04-2025

Regulation 37

• Draft Scheme of Amalgamation
• Valuation Report
• Report from the Audit Committee
• Fairness opinion
• Auditor’s Certificate
• Compliance Report
• Report from the Committee of Independent Directors
• No objection certificate (NOC) from lending scheduled commercial banks/ financial institutions/ debenture trustees.

Observation Letter

• BSE Letter dated 14th October 2025