General information about company
Scrip code*		538942
NSE Symbol*		NOTLISTED
MSEI Symbol*		NOTLISTED
ISIN*		INE689O01013
Name of company		MERCANTILE VENTURES LIMITED
Type of company		Main Board
Class of security		Equity
Date of start of financial year		01-04-2025
Date of end of financial year		31-03-2026
Date of board meeting when results were approved		27-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		21-10-2025
Description of presentation currency		INR
Level of rounding		Lakhs
Reporting Type		Quarterly
Reporting Quarter		Second quarter
Nature of report standalone or consolidated		Standalone
Whether results are audited or unaudited for the quarter ended		Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Unaudited
Segment Reporting		Multi segment
Description of single segment
Start date and time of board meeting		27-10-2025 15:46
End date and time of board meeting		27-10-2025 16:30
Whether cash flow statement is applicable on company		Yes
Type of cash flow statement		Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification		Not applicable
Whether the company has any related party?		Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?		Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public		NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.		NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?		No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?		Yes
Latest Date on which RPT policy is updated		14-08-2023
Indicate Company website link for updated RPT policy of the Company		https://www.mercantileventures.co.in/wp-content/uploads/2023/08/Policy-on-Materiality-of-RPT.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?		No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No	Nil

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1122.7	2142.34
	Other income	0.1	1.54
	Total income	1122.8	2143.88
2	Expenses
(a)	Cost of materials consumed	885.58	1673.91
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	35.29	69.23
(e)	Finance costs	0	5.45
(f)	Depreciation, depletion and amortisation expense	19.92	39.74
(g)	Other Expenses
1	Other Expenses	157.62	345.37
	Total other expenses	157.62	345.37
	Total expenses	1098.41	2133.7
3	Total profit before exceptional items and tax	24.39	10.18
4	Exceptional items	0	0
5	Total profit before tax	24.39	10.18
6	Tax expense
7	Current tax	39.47	70.83
8	Deferred tax	2.53	-1.71
9	Total tax expenses	42	69.12
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-17.61	-58.94
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-1.35	-2.63
16	Total profit (loss) for period	-18.96	-61.57
17	Other comprehensive income net of taxes	-1260.89	-409.45
18	Total Comprehensive Income for the period	-1279.85	-471.02
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	11191.82	11191.82
	Face value of equity share capital	10	10
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.02	-0.05
	Diluted earnings (loss) per share from continuing operations	-0.02	-0.05
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	-0.02	-0.05
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.02	-0.05
24	Debt equity ratio			Textual Information( 1)
25	Debt service coverage ratio			Textual Information( 2)
26	Interest service coverage ratio			Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

Statement of Asset and Liabilities
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	7290.14
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	22988.62
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets
	Total non-current financial assets	22988.62
	Deferred tax assets (net)
	Other non-current assets
	Total non-current assets	30278.76
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	256.22
	Trade receivables, current	616.84
	Cash and cash equivalents	132.04
	Bank balance other than cash and cash equivalents	0
	Loans, current	2285.31
	Other current financial assets	482.9
	Total current financial assets	3773.31
	Current tax assets (net)	1098.43
	Other current assets	24.58
	Total current assets	4896.32
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	35175.08
	Total current assets	4896.32
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	35175.08
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	11191.82
	Other equity	21164.22
	Total equity attributable to owners of parent	32356.04
	Non controlling interest
	Total equity	32356.04
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade Payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	266.69
	Total non-current financial liabilities	266.69
	Provisions, non-current	0
	Deferred tax liabilities (net)	1082.08
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	1348.77
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	9.36
	Total Trade payable	9.36
	Other current financial liabilities	27.79
	Total current financial liabilities	37.15
	Other current liabilities	305.08
	Provisions, current	1128.04
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	1470.27
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	2819.04
	Total equity and liabilities	35175.08
	Disclosure of notes on assets and liabilities	Textual Information(1)

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Rent and Maintenance of immovable properties	193.29	387.54
2	Manpower Services	929.41	1754.8
3	Income from investment activities	0.1	1.54
	Total Segment Revenue	1122.8	2143.88
	Less: Inter segment revenue
	Revenue from operations	1122.8	2143.88
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Rent and Maintenance of immovable properties	88.05	157.59
2	Manpower Services	71.45	134.86
3	Income from investment activities	0.1	1.54
	Total Profit before tax	159.6	293.99
	i. Finance cost	0	5.45
	ii. Other Unallocable Expenditure net off Unallocable income	135.21	347.48
	Profit before tax	24.39	-58.94
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Rent and Maintenance of immovable properties	7451.04	7451.04
2	Manpower Services	455.94	455.94
3	Income from investment activities	26013.05	26013.05
	Total Segment Asset	33920.03	33920.03
	Un-allocable Assets	1255.05	1255.05
	Net Segment Asset	35175.08	35175.08
4	Segment Liabilities
	Segment Liabilities
1	Rent and Maintenance of immovable properties	398.09	398.09
2	Manpower Services	210.84	210.84
3	Income from investment activities	2210.11	2210.11
	Total Segment Liabilities	2819.04	2819.04
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	2819.04	2819.04
	Disclosure of notes on segments

Other Comprehensive Income
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	1260.89	409.45
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0.00	0.00
5	Total Other comprehensive income	-1260.89	-409.45

Cash flow statement, indirect
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	10.18
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	0
	Adjustments for decrease (increase) in inventories	0
	Adjustments for decrease (increase) in trade receivables, current	151.89
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	-90.68
	Adjustments for decrease (increase) in other non-current assets	0
	Adjustments for other financial assets, non-current	0
	Adjustments for other financial assets, current	0
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	0
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	150.43
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	39.74
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	0
	Adjustments for provisions, non-current	0
	Adjustments for other financial liabilities, current	-26.11
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	0
	Adjustments for interest income	0
	Adjustments for share-based payments	0
	Adjustments for fair value losses (gains)	0
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	0
	Other adjustments to reconcile profit (loss)	-549.81
	Other adjustments for non-cash items	1.42
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	-323.12
	Net cash flows from (used in) operations	-312.94
	Dividends received	-0.08
	Interest paid	0.05
	Interest received	0
	Income taxes paid (refund)	70.83
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	-383.9
3	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	-1.43
	Other cash payments to acquire equity or debt instruments of other entities	-425.68
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	0
	Purchase of property, plant and equipment	0
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	0.13
	Purchase of other long-term assets	5.77
	Cash advances and loans made to other parties	-83.92
	Cash receipts from repayment of advances and loans made to other parties	87.59
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0
	Interest received	0
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	-252.12
	Net cash flows from (used in) investing activities	338
4	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	0
	Payments of lease liabilities	0
	Dividends paid	0
	Interest paid	0
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	0
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-45.9
5	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	-45.9
	Cash and cash equivalents cash flow statement at beginning of period	177.94
	Cash and cash equivalents cash flow statement at end of period	132.04

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

Sr. No.

Details of the party (listed entity /subsidiary) entering into the transaction

Details of the counterparty

Type of related party transaction

Details of other related party transaction

Value of the related party transaction as approved by the audit committee

Remarks on approval by audit committee

Value of the related party transaction ratified by the audit committee

Date of Audit Committee Meeting where the ratification was approved

Value of transaction during the reporting period

In case monies are due to either party as a result of the transaction

In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments

Details of the loans, inter-corporate deposits, advances or investments

Name

PAN

Name

PAN

Relationship of the counterparty with the listed entity or its subsidiary

Opening balance

Closing balance

Nature of indebtedness (loan/ issuance of debt/ any other etc.)

Details of other indebtedness

Cost

Tenure

Nature (loan/ advance/ intercorporate deposit/ investment)

Interest Rate (%)

Tenure

Secured/ unsecured

Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)

Notes

Mercantile Ventures Limited

AAICM6095N

Sicagen India Limited

AAKCS5770J

Promoter

Sale of goods or services

73.5

25.41

20.21

Mercantile Ventures Limited

AAICM6095N

Southern Petrochemical Industries Corporation Limited (SPIC)

AAACS4668K

Related party

Sale of goods or services

618.4

299.75

53.52

Mercantile Ventures Limited

AAICM6095N

Chitaranjan Developers LLP

ABCFA7528A

Subsidiary

Advance

2.93

22.32

22.6

Mercantile Ventures Limited

AAICM6095N

i3 Security Private Limited

AACCJ6949A

Subsidiary

Purchase of goods or services

27.75

5.33

Mercantile Ventures Limited

AAICM6095N

India Radiators Limited

AAACI1448M

Subsidiary

Advance

76.8

112.88

189.68

Mercantile Ventures Limited

AAICM6095N

AMI Holdings Pvt Ltd

AABCP1877G

Related party

Sale of goods or services

0.45

0.17

Mercantile Ventures Limited

AAICM6095N

Walery Security Management Limited

AAACM4897L

Subsidiary

Advance

0.01

Mercantile Ventures Limited

AAICM6095N

Trinity Auto points Limited

AADCA4380K

Promoter Group

Inter-corporate deposit

500

535

Mercantile Ventures Limited

AAICM6095N

South India Travels Private Limited

AAACS3792E

Promoter

Inter-corporate deposit

150

201.6

Total value of transaction during the reporting period

1449.84

General information about company

Financial Results – Ind-AS

Statement of Asset and Liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Other Comprehensive Income

Cash flow statement, indirect

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)