Mercantile Ports and Logistics Aktie

Mercantile Ports & Logistics has appointed Marty Martin, a former senior CIA intelligence officer with about 30 years’ experience, to its board; the appointment is subject to regulatory approval. Karanpal Singh is leaving the board, while Amit Dutta will remain Hunch’s representative. The company plans to use Martin to pursue legal action related to the Karanja plant and to assess strategic opportunities outside India. MPL has challenged approval of the Karanja rehabilitation plan; the National Company Law Tribunal has scheduled a hearing for 8 June 2026. » More on de.investing.com

The Insolvency Appellate Tribunal has granted Mercantile Ports & Logistics interim protection for the Karanja terminal facility in Navi Mumbai and barred third parties from submitting expressions of interest during the proceedings. MPL has submitted a formal offer to redeem the outstanding debt of its wholly owned subsidiary Karanja Terminal & Logistics Pvt. Ltd. and invokes a lawful right of redemption; the company denies any prior assignment of the claim to Prudent ARC. Prudent ARC has appealed the order to the Supreme Court, with a hearing scheduled for 18 December; MPL gives no details on the amount of the debt and emphasizes its confidence in its legal position and support from stakeholders. » More on de.investing.com

The shareholders of Mercantile Ports & Logistics approved all proposed resolutions at the general meeting. The company will apply to cancel the Redemption Shares and to admit the Subscription Shares to trading on AIM; trading in the Subscription Shares is expected to begin on Tuesday at 8:00 a.m. The resolutions are based on proposals that were already announced on 19 November 2025. » More on de.investing.com