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Mercator Ltd along with its subsidiaries is a diversified group engaged in shipping, gas, coal mining and E&P activities. It commenced business as a shipping company in 1984 and has over the years, through its subsidiaries, diversified into various other sectors like coal mining and logistics, E&P and dredging.
Mercator Limited has announced a change in its liquidator following the suspension of the previous liquidator’s authorization, which led to a loss of confidence among secured creditors. Mr. Krishna Chamadia, who holds valid authorization until December 2025, has been appointed to replace Mr. Girish Juneja. This change supports continuity in...
Mercator Limited is under liquidation as per the National Company Law Tribunal's order, which has significantly impacted its financial operations. The company has reported no revenue for over four years, indicating severe operational challenges, and all trading on its shares has been suspended by both BSE and NSE. Given the...
The Board of Directors and Liquidator of Mercator Limited has appointed CS Anirudh Kumar Tanvar as the Secretarial Auditor for the financial year 2023-24. This move comes as part of the company's ongoing liquidation process initiated by the National Company Law Tribunal. The decision was made during the recent board...
Mercator Limited has published its audited financial results for the quarter and year ended March 31, 2023, in both Financial Express and Navakal newspapers. The settlement of disclosures follows the company’s ongoing liquidation process under the Insolvency and Bankruptcy Code, which has resulted in the suspension of board powers now...
The Liquidator of Mercator Limited has approved the audited financial results for the quarter and year ended March 31, 2024. The company reported a total income of ₹139.41 crore and expenses of ₹3,042.04 crore, resulting in a net loss of ₹2,902.63 crore. The loss includes significant impairment charges. As a...