Kaushik Joshi Group to Acquire 50% Stake in Trio Mercantile & Trading Ltd at ₹1.25 Per Share
Kaushik Jagannath Joshi and associated persons plan to acquire a controlling 50% stake in Trio Mercantile & Trading Limited. The proposed acquisition involves acquiring 3,39,68,300 fully paid Equity Shares of the Target Company at an offer price of ₹1.25 each.The offer is made by Kaushik Jagannath Joshi (Acquirer) along with Amita Kaushik Joshi (PAC 1), Krishna Kaushik Joshi (PAC 2), Radhika Kaushik Joshi (PAC 3), and M/s. Joshi Kaushikkumar Jagannath HUF (PAC 4).
The Acquirer and the associated parties entered into a Share Purchase Agreement on May 26, 2026. As part of this agreement, they have also agreed to acquire 32,66,558 fully paid-up Equity Shares from Hiren Shantilal Kothari, who is the seller. This initial block represents 4.81% of the Target Company's paid-up equity share capital.
Details of the proposed takeover and the offer price were published in the Detailed Public Statement on May 31, 2026, in Financial Express -all edition, Jansatta -all edition, and Navshakti -Mumbai Edition.
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Thakkers Group Limited Quarterly Financial Results
The Thakkers Group Limited (Formerly Known as Takkers Group Limited) released its audited financial results for the quarter and year ended March 31, 2026.The financial performance data is presented below:
| Metric | Qtr Ended Mar 31, 2026 | Qtr Ended Dec 31, 2025 | Qtr Ended Mar 31, 2025 | Year Ended Mar 31, 2026 | Year Ended Mar 31, 2025 |
|---|---|---|---|---|---|
| Row 1 | 1118.18 | 204.56 | 871.88 | 2631.15 | 2245.15 |
| Row 2 | (86.83) | (179.56) | 347.71 | 205.32 | 783.1 |
| Row 3 | (86.83) | (179.56) | 347.71 | 205.32 | 783.1 |
| Row 4 | 158.33 | 158.33 | 158.33 | 158.33 | 158.33 |
| Row 5 | 6046.11 | 6107.35 | 5815.2 | 6046.11 | 5815.2 |
| Row 6 | 0.00 | 0.00 | 0 | 0 | 0 |
| Row 7 | (5.48) | (11.34) | 21.96 | 12.97 | 49.46 |
| Row 8 | (5.48) | (11.34) | 21.96 | 12.97 | 49.46 |
| Row 9 | (5.48) | (11.34) | 21.96 | 12.97 | 49.46 |
| Row 10 | (5.48) | (11.34) | 21.96 | 12.97 | 49.46 |
Stock Price Movement
Trio Mercantile & Trading Ltd shares jumped to ₹1.81, gaining 19.87% at the close of trade today, Monday. Throughout the session, the stock remained completely flat, trading locked at the ₹1.81 level.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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