Announced Thu, 23 Jul · 18:11 IST
Major board reshuffle: MD, CFO, 3 independent directors, CS resign at Trio Mercantile
Ceo ResignedCfo ResignedMultiple Ind Directors ResignedKmp ResignedPromoter Family Board EntryManagement Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹2.56
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.9—————————
Up moveDown movePending
AI summary
Six top officials resigned on July 22, 2026 citing personal commitments: MD Deepak Mehta, CFO Hiren Kothari, Company Secretary Chetan Bohra, and 3 independent directors including Chairperson Bhadresh Shah. Kaushik Joshi takes over as Chairman and Managing Director; his daughter Radhika Joshi becomes Executive Director and CFO. Three new independent directors appointed. All changes need shareholder approval.
Likely market impact
Large board overhaul with promoter family now leading as CMD and CFO. Raises governance questions with MD, CFO and multiple independent directors exiting at once.