Mercury Trade Links Ltd Board Approves Key Directorship Changes and Designation Update
On April 4, 2026, the Board of Directors of Mercury Trade Links Ltd noted several key approvals following a meeting held on that day. The board took action regarding director designations and the appointment of two additional Non-Executive Independent Directors.The board considered and approved the change in designation for Mr. Prashantbhai Nareshbhai Nayak (DIN: 11220150), moving him from Executive Director to Managing Director. This change is subject to the approval of the shareholders.
Additionally, the board approved the appointment of Ms. Nidhi Jayantibhai Thakar (DIN: 10218678) and Mr. Dinesh Kumar Koli (DIN: 11647566) as Additional Non-Executive Independent Directors, effective April 4, 2026.
Director Appointments and Designations
The appointments and designation changes are detailed below:Mr. Prashantbhai Nareshbhai Nayak
The board approved the change in designation of Mr. Prashant Nayak from Executive Director to Managing Director. Key details regarding this change are summarized in the table below:
| Particulars | Details |
|---|---|
| Reason for Change | Change in designation of Mr. Prashantbhai Nareshbhai Nayak (DIN: 11220150) from Executive Director to Managing Director for a period of five years starting from 04t April, 2026 to 04th April, 2031, subject to the approval of shareholders in upcoming General Meeting. |
| Appointment Date/Term | Mr. Prashantbhai Nareshbhai Nayak (DIN: 11220150) was appointed on July 30, 2025. |
| Brief Profile | Mr. Prashant Nareshbhai Nayak has vast experience of trading. His experience in the company will add values in the business of the Company. |
| Relationship Disclosure | Not related to any of the Directors of the company. |
Ms. Nidhi Jayantibhai Thakar
The board, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Ms. Nidhi Jayantibhai Thakar (DIN: 10218678) as an Additional Non-Executive Independent Director. Ms. Thakar is a Company Secretary with over 10 years of experience in corporate law, governance, and compliance, advising boards and ensuring statutory compliance.
Mr. Dinesh Kumar Koli
Similarly, the board, following a recommendation from the Nomination and Remuneration Committee, approved the appointment of Mr. Dinesh Kumar Koli (DIN: 11647566) as an Additional Non-Executive Independent Director. Mr. Koli is noted for his commitment to acting in the best interests of all stakeholders and contributing to the sustainable growth and long-term success of the Company.
The board meeting commenced at 12:00 Noon and concluded at 12:30 PM.
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