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Other Financial Services
Management Change22 Jul 2026, 04:11 pm

Trio Mercantile Management Shake-up: Key Directors Resign

AI Summary

Trio Mercantile & Trading Ltd announced a significant management change following a Board Meeting on July 22, 2026. Several key directors, including the Chairperson, Managing Director, Chief Financial Officer, and Company Secretary, have resigned. Concurrently, the company approved changes in designations, appointing Mr. Kaushik Jagannath Joshi as Chairman and Managing Director for three years, subject to shareholder approval. Ms. Radhika Kaushik Joshi has been appointed as Chief Financial Officer. The board also approved the appointment of three new Independent Directors for five-year terms, pending shareholder consent.

Key Highlights

  • Multiple key management personnel have resigned from their positions.
  • Mr. Kaushik Jagannath Joshi appointed Chairman and Managing Director.
  • New Chief Financial Officer and three Independent Directors appointed.
  • Changes are subject to shareholder approval in the upcoming General Meeting.
  • The board expressed appreciation for the services of resigning directors.