The Board Meeting to be held on 05/06/2025 Stands Cancelled.
Awaiting price reaction for this filing.
Mercator Limited, which is currently under liquidation, has cancelled the Board meeting that was scheduled for June 5, 2025. The meeting was originally meant to consider the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2024. The cancellation follows a recent change in the Liquidator of the company — the NCLT Mumbai Bench, via its order dated May 9, 2025, replaced Mr. Girish Juneja with Mr. Krishna Chamadia. The Board of Directors' powers remain suspended and are vested in the Liquidator. The company has stated the meeting is being kept in abeyance until further instructions from the new Liquidator.
Shareholders should expect further delays in the disclosure of quarterly financials and continued uncertainty around the liquidation process. The change in Liquidator may affect how quickly the company's assets are resolved, but no new financial information or corporate action is expected from this filing.