Trio Mercantile: Independent Directors Recommend Open Offer

Interactive Financial Services Limited, acting as the Manager to the Offer, has submitted the Recommendations of the Committee of Independent Directors (IDC) regarding the open offer for Trio Mercantile & Trading Limited. The open offer aims to acquire up to 3,39,68,000 equity shares, representing 50% of the company's paid-up capital, at an offer price of ₹1.25 per share. The acquirers are Kaushik Joshi, Amita Kaushikkumar Joshi, Krishna Kaushik Joshi, Radhika Kaushik Joshi, and M/s. Joshi Kaushikkumar Jagannath HUF. The Letter of Offer was dispatched to shareholders on July 18-21, 2026. The IDC's recommendations are now available and will be published in the same newspaper where the detailed public statement was issued.