Trio Mercantile Announces Key Board Changes Following Resignations and New Appointments
Trio Mercantile & Trading Limited announced several significant changes in its senior leadership structure following a recent Board meeting held on July 22, 2026. The outcomes included multiple resignations from key directorial and executive roles, alongside approved designation changes and the appointment of three new board members.The company acknowledged the services rendered by those departing as they tendered their resignations due to personal commitments.
Departures and Resignations
On July 22, 2026, Trio Mercantile & Trading Limited formally accepted six resignations from its senior staff and directors:- Mr. Bhadresh Shah: Stepped down as Non-Executive Independent Director-Chairperson and Director of the Company.
- Mr. Deepak Ratilal Mehta: Resigned from his role as Managing Director-Executive Director and Director.
- Mr. Nehul Azad Chheda: Resigned as Non-Executive Independent Director.
- Ms. Divya Girish Poriya: Stepped down as Non-Executive Independent Director.
- Mr. Hiren Shantilal Kothari: Resigned from the position of Chief Financial Officer (CFO).
- Mr. Chetan Bohra: Resigned as Company Secretary and Compliance Officer.
Designation Changes for Leadership Team
The Board also approved changes in designation for two existing directors, subject to approval by shareholders in the ensuing General Meeting:1. Mr. Kaushik Jagannath Joshi: His role was changed from Additional (Executive) Director to Additional Director designated as Chairman and Managing Director of the Company. This appointment is valid for a term of three years, running from July 22, 2026, until July 21, 2029. Mr. Joshi brings over three decades of experience in logistics, real estate development, and trading.
2. Ms. Radhika Kaushik Joshi: Her designation was changed from Additional (Executive) Director to Additional (Executive) Director and Chief Financial Officer (CFO). Ms. Joshi possesses qualifications in finance and has experience in corporate administration and business operations.
New Appointments Announced
Trio Mercantile & Trading Limited welcomed three new appointees to its board, effective July 22, 2026, subject to shareholder approval:| Director Name | Role / Designation | Tenure Period | Key Experience Profile |
|---|---|---|---|
| Mr. Vikram Navin Vador (DIN: 11828723) | Independent Director (Non-Executive) | Five years (until July 21, 2031) | Expertise in Electronics & Telecommunication and business management. |
| Mr. Dhruv Suresh Bhanushali (DIN: 11831631) | Independent Director (Non-Executive) | Five years (until July 21, 2031) | Experience in Commerce and accounting. |
| Ms. Kiran Ramchandra Shelke (DIN: 11828692) | Additional Independent Woman Director (Non-executive) | Five years (until July 20, 2031) | Qualification and experience in corporate management. |
Stock Price Movement
Trio Mercantile & Trading Ltd shares finished trading at ₹2.51 today, ticking up 1.62% in the post-market session. The stock remained completely flat all day as its high and low were locked in at that single price point.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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