REG - Mercantile Ports&Log - Update on Ongoing Legal Proceedings

Mercantile Ports & LogisticsAnnouncement

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RNS Number : 1776M  Mercantile Ports & Logistics Ltd  18 December 2025

Mercantile Ports & Logistics Limited

 

("MPL" or the "Company")

 

Update

 

Mercantile Ports & Logistics Limited (AIM: MPL), which is operating and
continuing to develop a port and logistics facility in Navi Mumbai,
Maharashtra, India, provides an update on the ongoing legal proceedings
relating to its subsidiary, Karanja Terminal & Logistics Pvt. Ltd.

 

A civil appeal was listed before the Supreme Court of India earlier today, in
which the appellant sought to set aside the interim order previously granted
in MPL's favour by the National Company Law Appellate Tribunal (NCLAT) on 10
December 2025.

 

Following submissions from all parties, the Supreme Court did not pass any
adverse order against the Company and directed the NCLAT to hear the matter on
14 January 2026, and, if possible, to dispose of the appeal on that date.

 

Importantly, the interim order dated 10 December 2025 remains in force.

 

The Company will continue to pursue all legal remedies available to protect
its interests and will provide further updates as appropriate.

 

 

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

 

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