MERCATOR

Mercator Lines Limited has informed the Exchange that the shareholders of the Company, in their EGM held on January 17, 2006, have passed resolutions on following matters: (1) Increase in Authorised Equity Share Capital of the Company from Rs. 25 crores to Rs. 35 crores by creating additional 10,00,00,000 Equity Shares of Re. 1/- each. (2) Issue of Bonus Shares in the proportion of 3 new equity shares for every 2 existing equity shares of the Company. (3) Issue of maximum of 80,00,000 warrants carrying entitlement / option to apply for equal number of equity shares, on preferential basis to th

Mercator Lines Limited has submitted to the Exchange a copy of the Notice of EGM of the Company to be held on January 17, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Mercator Lines Limited has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on September 28, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Mercator Lines Limited has informed the Exchange that at the AGM of the members of the Company held on September 28, 2005, following matters have been approved unanimously :- 1) Payment of Dividend on Preference Share Capital. 2) Payment of Interim Dividend declared by the Board @ 100% on January 12, 2005 and Final Dividend @ 100% on Equity Share Capital. 3) Re-appointment of Mr. Anil Khanna as Director of the Company liable to retire by rotation. 4) Appointment of M/s. Contractor, Nayak & Kishnadwala, Chartered Accountants as Auditors of the Company, in place of retiring Auditors M/s. Poneet