Mercury Trade Links Limited has appointed M/s. Sarang Shivajirao Chavan and Associates as its statutory auditor effective July 07, 2026. The appointment was approved by the Board of Directors based on the recommendation of the audit committee. The new auditor will hold office until the conclusion of the ensuing general meeting of the company.

The decision follows the resignation of the previous statutory auditor, M/s. Bhatt Shah Mekhia & Co., Chartered Accountants, effective July 07, 2026. The outgoing auditor cited pre-occupation in other professional work as the reason for resignation. The Board placed on record its appreciation for the guidance and contribution made by M/s. Bhatt Shah Mekhia & Co. during their tenure.

M/s. Sarang Shivajirao Chavan and Associates, a firm registered with the Firm's Registration No. 159649W, is based in Ahmedabad. The firm provides services including statutory audit, internal audit, tax audit, GST compliances, and advisory services.

The disclosures regarding the appointment and resignation were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Auditor Details

Mercury Trade Links Limited reported a net profit of ₹1.21 lakh for the financial year ended March 31, 2026, a decline of 99% from ₹165.62 lakh in the previous year. Revenue from operations for FY26 rose 14.96% to ₹12,962.71 lakh from ₹11,276.27 lakh in FY25. The board approved the audited standalone financial results at a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company reported a net profit of ₹532.15 lakh compared to a net loss of ₹39.15 lakh in the same period last year. Revenue for the quarter stood at ₹9,663.82 lakh, up from ₹8,583.04 lakh in Q4FY25. The statutory auditor, M/s. Bhatt Shah Mekhia & Co., issued an unmodified opinion on the standalone financial results.

Financial Performance

The company's total expenses for FY26 increased to ₹12,961.07 lakh from ₹11,086.03 lakh in the previous year. Purchase and direct expenses constituted the largest component of costs at ₹12,751.02 lakh. Finance costs for the year were reported at ₹35.88 lakh.

Operational Highlights

The board meeting commenced at 06:00 PM and concluded at 06:30 PM on May 28, 2026. The financial results were reviewed by the Audit Committee prior to board approval. The company confirmed that it is outside the purview of Large Corporate criteria as per SEBI circulars dated November 26, 2018, and August 10, 2021.

The auditor noted in the report that inventory was moist on account of unseasonal rain, and samples were sent for inspection to determine quality. The company's equity share capital remained unchanged at ₹1,361.25 lakh with a face value of ₹10 per share.