Mercator Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/06/2025 ,inter alia, to consider and approve Pursuant to provisions of Regulation ....
Awaiting price reaction for this filing.
Mercator Limited has rescheduled its Board meeting from June 2, 2025 to June 5, 2025. The meeting will consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024. The company has been under liquidation since February 21, 2023, following an NCLT order under the Insolvency and Bankruptcy Code, 2016. Powers of the Board of Directors are suspended and vested in Mr. Girish Siriram Juneja as the Liquidator. Trading in the company's shares has been suspended on both BSE and NSE since the liquidation order. The Liquidator will rely solely on representations from the Directors and Key Managerial Personnel without independent verification of the financial results.
This is a procedural filing for retail investors. The company remains under liquidation with suspended trading, so shareholders have limited recourse. The unaudited results being tabled are for an old quarter (June 2024) and will not be independently verified, which reduces their reliability.