REG - Mercantile Ports&Log - Update on Committee of Creditors' Meeting

Mercantile Ports & LogisticsAnnouncement

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RNS Number : 0580A  Mercantile Ports & Logistics Ltd  10 April 2026

 

Mercantile Ports & Logistics Limited

 

("MPL" or the "Company")

 

Update on Committee of Creditors' Meeting

 

 

Mercantile Ports & Logistics Limited (AIM: MPL), which is operating and
continuing to develop our port and logistics facility in Navi Mumbai,
Maharashtra, India, confirms that further to the Company's announcement of 9
April 2026, MPL, accompanied by its advisers, attended a meeting with the CoC
earlier today. At this meeting, the Company put forward the proposal to repay
the full amount due by it. The Company remains hopeful that this proposal will
be accepted by the CoC. Should this proposal not be accepted by the CoC, the
Company confirms that it will continue to pursue this matter through the
Courts.

 

Further announcements will be made in due course.

 

Pavan Bakhshi, Managing Director of MPL, commented:

 

"We attended the Committee of Creditors meeting in person today and addressed
all questions raised. We submitted our offer of full redemption once again,
this time in person, and made it unequivocally clear that we are ready, able,
and willing to repay the financial creditors in full.

 

The meeting was attended by a substantial number of representatives from the
creditor group. We clearly stated that a resolution plan is not relevant in
the present circumstances, given our unequivocal position to fully repay the
financial creditors."

 

 

 

For further information, please visit www.mercpl.com
(https://www.mercpl.com/)  or contact:

 

 MPL                                c/o Cavendish

                                    +44 (0) 207 220 0500
 Cavendish Capital Markets Limited  Stephen Keys

 (Nomad and Broker)                 +44 (0) 207 220 0500

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
("MAR") EU no.596/2014. Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.

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