NCLT Hearing – Update

Summary by AI ^BETAClose X

Mercantile Ports & Logistics Limited announced that the National Company Law Tribunal hearing regarding the Corporate Insolvency Resolution Process of Karanja Terminal & Logistics Private Limited has been adjourned to August 7, 2026, with no substantive order issued. The company remains committed to recovering its asset and protecting shareholder interests through legal avenues.

Disclaimer*

Mercantile Ports & Logistics Ltd

02 July 2026

Mercantile Ports & Logistics Limited

("MPL" or the "Company")

NCLT Hearing - Update

Mercantile Ports & Logistics Limited (AIM: MPL) announces that yesterday's hearing before the National Company Law Tribunal ("NCLT"), Mumbai Bench, in relation to the Corporate Insolvency Resolution Process of Karanja Terminal & Logistics Private Limited ("KTPL"), has been adjourned.

No substantive order was passed yesterday, and the matter has been listed for further hearing on 7 August 2026.

Pavan Bakhshi, Managing Director of Mercantile Ports & Logistics, commented:

"We remain fully committed to fighting for the return of our asset and the business we spent years building. We will continue to pursue every legal avenue available to the Company to protect our shareholders' interests and secure the return of our asset. We remain determined and confident in our position."

Enquiries:

MPL

c/o Cavendish

+44 (0) 207 220 0500

Cavendish

(Nomad and Broker)

Stephen Keys

+44 (0) 207 220 0500

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