Trio Mercantile & Trading Ltd Adjourns Board Meeting, Announces Director Changes and New Appointments
Trio Mercantile & Trading Ltd announced that its Board of Directors meeting, originally scheduled for July 21, 2026, has been adjourned. The company decided to reconvene the board on Wednesday, July 22, 2026, to consider significant changes in director designations and appointments.The decision to adjourn was made following consideration by the Chairman and all Directors present at the meeting. The Board meeting, which was initially scheduled as per an announcement dated July 17, 2026, will now be held on July 22, 2026.
The agenda for the reconvened board meeting includes several key appointments and designations changes, all subject to shareholder approval in the ensuing General Meeting of the Company.
Key operational updates regarding the company's Board members include:
| Director | Designation Change/Appointment | Tenure Start Date | Tenure End Date |
|---|---|---|---|
| Mr. Kaushik Jagannath Joshi | To be changed from Additional (Executive) Director to Chairman & Additional (Managing Director) Director | 21.07.2026 | 20.07.2029 |
| Mr. Vikram Navin Vador | Appointment as Independent Director (Nonexecutive) | 21.07.2026 | 20.07.2031 |
| Mr. Dhruv Suresh Bhanushali | Appointment as Independent Director (Non-executive) | 21.07.2026 | 20.07.2031 |
| Ms. Kiran Ramchandra Shelke | Appointment as Independent Woman Director (Non-executive) | 21.07.2026 | 20.07.2031 |
The appointments include Mr. Vikram Navin Vador and Mr. Dhruv Suresh Bhanushali being appointed as Independent Directors, while Ms. Kiran Ramchandra Shelke is set to join as the Independent Woman Director for a period of five years.
The Board meeting is scheduled to address these changes and any other business deemed necessary with the permission of the Chair on July 22, 2026.
Stock Price Movement
Trio Mercantile & Trading Ltd settled at ₹2.47 on Tuesday, edging higher by 1.65% in the closing market. The shares traded completely flat throughout the session, as the intraday high and low remained locked at ₹2.47.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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