Mercator Limited — Others, 02-12-2024: Copy of Newspaper Publication

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 overseen by the appointed liquidator.

This announcement reinforces the company's current status and ensures transparency, but also highlights the challenges it faces amid liquidation. Investors may view this update with concern, as it signifies prolonged operational struggles but offers a clear picture of the company's financial situation.