Major Board Reshuffle: MD, CFO, 3 Independent Directors Resign

Ceo ResignedCfo ResignedMultiple Ind Directors ResignedKmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+4.0%1-day move

₹2.51

prior close

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base price

After-mkt

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AI summary

On July 22, 2026, Trio Mercantile & Trading saw a sweeping board and management change. MD Deepak Mehta and CFO Hiren Kothari resigned citing personal reasons, along with Chairperson Bhadresh Shah, 2 other independent directors, and the Company Secretary. Mr. Kaushik Joshi was elevated to Chairman and MD (3-year term), while his daughter Ms. Radhika Joshi was made Executive Director and CFO. Three new independent directors were appointed, subject to shareholder approval.

Likely market impact

Full top management exit raises governance questions; family-led leadership takes over key roles.