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Mercator Ltd.

BSE: 526235 Sector: Infrastructure
NSE: MERCATOR ISIN Code: INE934B01028
BSE 00:00 | 23 Jul 20.00 -0.20
(-0.99%)
OPEN

20.05

HIGH

20.35

LOW

19.45

NSE 00:00 | 23 Jul 20.00 -0.30
(-1.48%)
OPEN

20.20

HIGH

20.45

LOW

19.70

Updates

December 7, 2017, 9:20 pm | Source: BSE | Downlaod PDFDownload PDF

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended this is to inform you that:

(a)The senior management of our step down subsidiaries in Indonesia (the Indonesian Entities) has been changed by our Company which has led to temporary disruption of our operations in Indonesia; and
(b)Certain proceedings have been filed by the Company in Singapore and Indonesia against some of the aforementioned erstwhile senior management of the Indonesian Entities who have in turn initiated various proceedings against some of our step down subsidiaries and some of our executives. The said litigations are presently sub judice at various forums;
(c)Disruption of our operations in Indonesia has led to non-receipt of limited review reports from the aforementioned Indonesian Entities which has in turn delayed the filing of our consolidated limited review report for the quarter ended September 30 2017.