India Radiators Ltd share Price Today

India Radiators Ltd (formerly known as Rayale Corporation (Mysore) Limited) was incorporated on 5 January 1949. The Company is currently engaged into the business of sub assembly of automotive components. The Company mainly operates from two places, i.e. Chennai and Pondicherry. But since, there are no operations taking place in Chennai, the Pondicherry unit is currently confined to job works. The Company made profits upto 1997, thereafter from 1998, it incurred losses. The net worth of the Company became negative as on September 1999. It was declared Sick by BIFR as per section 3(1) (o) of the Sick Companies (Special Provisions) Act, 1985 during July 2000. The Draft Rehabilitation Scheme (DRS) filed by the Company under Sick Industrial Companies Act of 1985 (SICA) was under consideration of Board for Industrial and Financial Reconstruction (BIFR) till the Act was repealed in 2016. The Company had identified an investor to infuse funds in the Company for settlement to workers, Statutory Authorities, Banks and other Financial Institutions and now has become a subsidiary of Mercantile Ventures Limited pursuant to the second proviso to section 47 of the Companies Act, 2013.

India Radiators share price as on 26 Apr 2024 is Rs. 7.54. Over the past 6 months, the India Radiators share price has increased by 0% and in the last one year, it has increased by 77.83%. The 52-week low for India Radiators share price was Rs. 4.24 and 52-week high was Rs. 7.54.