<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Mercantile Ports &amp; Logistics Ltd — News on 6ix</title>
    <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd</link>
    <description>Latest news and press releases for Mercantile Ports &amp; Logistics Ltd on 6ix.</description>
    <language>en-us</language>
    <lastBuildDate>Tue, 21 Apr 2026 07:54:00 GMT</lastBuildDate>
    <generator>6ix RSS</generator>
    <atom:link href="https://6ix.com/rss/company/mercantile-ports-and-logistics-ltd" rel="self" type="application/rss+xml" />
    <image>
      <url>https://6ix-events-pro.s3.amazonaws.com/6ixvideo/logos/org-logo6835e96278dffbe2df129c97.webp</url>
      <title>Mercantile Ports &amp; Logistics Ltd</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd</link>
    </image>
    <item>
      <title>Update re Karanja Asset</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-re-karanja-asset</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-re-karanja-asset</guid>
      <pubDate>Tue, 21 Apr 2026 07:54:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited (MPL) is actively pursuing legal remedies to regain control of its wholly owned asset, Karanja Terminal &amp; Logistics Pvt. Ltd. (KTPL), which it claims has been unfairly transferred to Adani Ports and Special Economic Zone Limited. MPL asserts its readiness to fully redeem its debt and has demonstrated its financial capability, yet its 12 A proposal was unanimously rejected by the Committee of Creditors (CoC) on April 14, 2026, despite objections regarding inac</description>
    </item>
    <item>
      <title>Update on Committee of Creditors&apos; Meeting</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-committee-of-creditors-meeting</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-committee-of-creditors-meeting</guid>
      <pubDate>Fri, 10 Apr 2026 15:23:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited (MPL) attended a meeting with its Committee of Creditors (CoC) and presented a proposal for full repayment of outstanding amounts. The company is hopeful for acceptance of this proposal, but will pursue legal avenues if it is not approved. MPL reiterated its readiness and ability to fully repay its financial creditors, stating that a resolution plan is not relevant given their commitment to full redemption. Further announcements will be made regarding the out</description>
    </item>
    <item>
      <title>Update - Full Debt Redemption and Legal Action</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-full-debt-redemption-and-legal-action</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-full-debt-redemption-and-legal-action</guid>
      <pubDate>Thu, 09 Apr 2026 06:00:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited is actively pursuing legal avenues to regain control of its Karanja asset and has offered to redeem 100% of its outstanding debt before the Supreme Court of India, with a meeting scheduled for April 10, 2026, to consider this proposal. The company has secured commitments from an international oil and gas company and other investors to fund the debt redemption and future development, having previously invested approximately £160 million of international equity</description>
    </item>
    <item>
      <title>Director/PDMR Shareholding</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/directorpdmr-shareholding-1043</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/directorpdmr-shareholding-1043</guid>
      <pubDate>Tue, 10 Mar 2026 16:23:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited announced that on March 9, 2026, Non-Executive Chairman Jeremy Warner Allen transferred 3,827,494 ordinary shares into his ISA, selling them at 0.313 pence and purchasing them at 0.314 pence. This transaction did not alter his beneficial shareholding, which remains at 3,827,994 ordinary shares, representing 1.07% of the company&apos;s issued share capital.
                Disclaimer*</description>
    </item>
    <item>
      <title>Update on Ongoing Legal Proceedings</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-ongoing-legal-proceedings</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-ongoing-legal-proceedings</guid>
      <pubDate>Thu, 18 Dec 2025 15:29:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited announced an update on legal proceedings concerning its subsidiary, Karanja Terminal &amp; Logistics Pvt. Ltd., where a civil appeal was heard by the Supreme Court of India. The Supreme Court did not issue any adverse orders against the Company and has directed the National Company Law Appellate Tribunal to hear the matter on January 14, 2026, with the possibility of disposing of the appeal on that date. Crucially, the interim order previously granted in MPL&apos;s fa</description>
    </item>
    <item>
      <title>Update</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-27</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-27</guid>
      <pubDate>Wed, 17 Dec 2025 09:37:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited (MPL) is actively pursuing legal remedies to protect its wholly owned asset, Karanja Terminal &amp; Logistics Pvt. Ltd., and has secured interim protection from the Insolvency Appellate Tribunal, preventing third-party expressions of interest. The company has formally offered to redeem the full outstanding debt, which it is contesting after its assignment to Prudent ARC, and Prudent ARC has appealed this interim order to the Supreme Court of India, with a hearing</description>
    </item>
    <item>
      <title>Result of General Meeting</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/result-of-general-meeting-343</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/result-of-general-meeting-343</guid>
      <pubDate>Mon, 15 Dec 2025 11:17:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited announced that all resolutions proposed at its General Meeting were passed by shareholders. The company will apply for the cancellation of Redemption Shares and the admission of Subscription Shares to trading on AIM, with dealings expected to commence at 8:00 a.m. on December 16, 2025. This development relates to the company&apos;s port and logistics facility in Navi Mumbai, India.
                Disclaimer*</description>
    </item>
    <item>
      <title>Notice of GM and Related Party Transaction</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/notice-of-gm-and-related-party-transaction-1</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/notice-of-gm-and-related-party-transaction-1</guid>
      <pubDate>Wed, 19 Nov 2025 14:45:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited is convening a general meeting on December 15, 2025, to approve a related party transaction involving Hunch Ventures, an entity controlled by Non-Executive Director Karanpal Singh. Hunch Ventures will subscribe for 136,819,712 ordinary shares at a price of £820,918.27, representing 38.4% of the issued ordinary shares post-transaction. This subscription aims to facilitate the receipt of previously raised overseas shareholder funds into the UK and will not alte</description>
    </item>
    <item>
      <title>Update on Debt</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-debt</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-debt</guid>
      <pubDate>Tue, 11 Nov 2025 10:46:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited announced an update regarding its debt dispute, confirming that its debt has been assigned to Prudent ARC Ltd. after the company was unsuccessful in obtaining interim relief at the appellate level of the Delhi High Court. Despite this setback, the company has made a formal offer to redeem its full outstanding debt and has initiated proceedings before the National Company Law Tribunal, Mumbai, to facilitate repayment. The company expressed gratitude for the su</description>
    </item>
    <item>
      <title>Update on Delhi High Court Interim Order</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-delhi-high-court-interim-order</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-on-delhi-high-court-interim-order</guid>
      <pubDate>Wed, 08 Oct 2025 12:00:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited announced that the Delhi High Court declined to grant interim relief regarding the annulment of its One-Time Settlement (OTS). The company had complied with the sanctioned OTS, including an earnest money payment of INR 43 crore (approximately US$ 4.8 million / £ 3.6 million), and was the highest bidder in the original Swiss-Challenge process. The company is concerned about the OTS cancellation and a new Swiss-Challenge auction with revised terms that exclude </description>
    </item>
    <item>
      <title>Interim Results</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/interim-results-581</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/interim-results-581</guid>
      <pubDate>Tue, 30 Sep 2025 06:00:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics Limited announced its interim results for the period ended June 30, 2025, revealing a challenging financial performance. Revenues decreased by approximately 7% year-on-year. The consolidated operating loss before depreciation and impairment loss was £6.3 million, impacted by a write-off of approximately £6 million in advances to an EPC contractor and a £6.9 million impairment. The company reported a net loss for the period of £17.958 million. Total assets amounted to</description>
    </item>
    <item>
      <title>Update re Loan Facility</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-re-loan-facility</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/update-re-loan-facility</guid>
      <pubDate>Mon, 22 Sep 2025 15:37:00 GMT</pubDate>
      <description>Mercantile Ports &amp; Logistics, operating a port and logistics facility in Navi Mumbai, announced that the judge requires more time to decide on the stay application. The company has been granted interim protection while awaiting the written ruling. MPL will continue discussions with relevant parties to enforce the previously granted sanction and complete refinancing. Further announcements regarding the situation&apos;s development will be made in due course.

                Disclaimer*</description>
    </item>
    <item>
      <title>Full Year Results</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/full-year-results-137</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/full-year-results-137</guid>
      <pubDate>Mon, 30 Jun 2025 06:00:00 GMT</pubDate>
      <description>Full Year Results.</description>
    </item>
    <item>
      <title>Trading Update and Board Appointment</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/trading-update-and-board-appointment-4</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/trading-update-and-board-appointment-4</guid>
      <pubDate>Thu, 27 Feb 2025 07:00:00 GMT</pubDate>
      <description>Trading Update and Board Appointment.</description>
    </item>
    <item>
      <title>Holding(s) in Company</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/holdings-in-company-1154</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/holdings-in-company-1154</guid>
      <pubDate>Fri, 04 Oct 2024 14:30:00 GMT</pubDate>
      <description>Holding(s) in Company.</description>
    </item>
    <item>
      <title>Publication of Annual Report</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/publication-of-annual-report-26</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/publication-of-annual-report-26</guid>
      <pubDate>Thu, 27 Jun 2024 08:30:00 GMT</pubDate>
      <description>Publication of Annual Report.</description>
    </item>
    <item>
      <title>Director/PDMR Shareholding - Replacement</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/directorpdmr-shareholding-replacement-101</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/directorpdmr-shareholding-replacement-101</guid>
      <pubDate>Mon, 15 Jan 2024 18:00:00 GMT</pubDate>
      <description>Director/PDMR Shareholding - Replacement.</description>
    </item>
    <item>
      <title>Trading Update</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/trading-update-791</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/trading-update-791</guid>
      <pubDate>Wed, 10 Jan 2024 07:00:00 GMT</pubDate>
      <description>Trading Update.</description>
    </item>
    <item>
      <title>Change of Nominated Adviser and Broker</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/change-of-nominated-adviser-and-broker-43</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/change-of-nominated-adviser-and-broker-43</guid>
      <pubDate>Wed, 13 Dec 2023 07:00:00 GMT</pubDate>
      <description>Change of Nominated Adviser and Broker.</description>
    </item>
    <item>
      <title>Directorate Change</title>
      <link>https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/directorate-change-941</link>
      <guid isPermaLink="true">https://6ix.com/company/mercantile-ports-and-logistics-ltd/news/directorate-change-941</guid>
      <pubDate>Fri, 24 Nov 2023 07:19:00 GMT</pubDate>
      <description>Directorate Change.</description>
    </item>
  </channel>
</rss>