Mercury Trade Links Limited has submitted a revised board meeting outcome following regulatory clarification requirements. The company provided enhanced disclosure documentation for its March 18, 2026 board meeting that involved significant director changes, demonstrating commitment to comprehensive regulatory compliance.

Revised Disclosure Submission

Following BSE's email dated March 19, 2026, Mercury Trade Links Limited submitted a revised corporate announcement on March 21, 2026. The revision addressed the inadvertent omission of confirmation regarding no other material reasons for the Independent Director's resignation, ensuring complete regulatory compliance.

Director Appointment Details

The board approved the appointment of Mrs. Annuben Vipulbhai Rathod as a Non-Executive Non-Independent Director (Additional) effective March 18, 2026, following recommendations from the Nomination and Remuneration Committee.

Independent Director Resignation

Ms. Kajalben Maheshbhai Parmar resigned from her position as Independent Director effective March 17, 2026, due to other commitments. The revised disclosure specifically confirmed no other material reasons for resignation beyond those stated.

The resignation letter, submitted by Rathod Kajal Jitendrasinh (the same person as Ms. Kajalben Maheshbhai Parmar), explicitly confirmed no other material reasons for resignation beyond the mentioned commitments.

Enhanced Regulatory Compliance

The comprehensive documentation includes detailed annexures providing complete information as required under SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The board meeting was conducted from 4:00 PM to 4:30 PM on March 18, 2026.

This revised submission demonstrates Mercury Trade Links Limited's commitment to maintaining transparent corporate governance and ensuring complete regulatory compliance with all applicable SEBI LODR regulations.

Mercury Trade Links Limited announced its unaudited standalone financial results for the quarter ended December 31, 2025, revealing a challenging performance despite revenue growth. The company's board of directors approved the results at their meeting held on February 12, 2026.

Financial Performance Overview

The company reported contrasting results with significant revenue growth offset by operational challenges. Mercury Trade Links recorded a net loss of ₹504.45 lakhs in Q3 FY26 compared to a net profit of ₹58.29 lakhs in the corresponding quarter of the previous year.

Operational Challenges Impact Results

Despite the substantial revenue increase, the company faced significant operational headwinds. Purchase and direct expenses surged to ₹2,820.21 lakhs in Q3 FY26 compared to ₹1,336.62 lakhs in Q3 FY25. Additionally, inventory changes adversely affected the results, with the company reporting ₹319.38 lakhs in Q3 FY26 versus a favorable change of ₹426.81 lakhs in the previous year's quarter.

The auditor's limited review report highlighted that inventory was affected by moisture due to unseasonal rain, with samples sent for quality inspection. Total expenses increased dramatically to ₹3,141.62 lakhs in Q3 FY26 from ₹955.77 lakhs in Q3 FY25.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, showed similar trends with revenue growth accompanied by operational challenges.

Capital Structure and Share Information

The company maintained its paid-up equity share capital at ₹1,361.25 lakhs with a face value of ₹10.00 per share. This represents a significant increase from ₹272.25 lakhs in the corresponding periods of the previous year, indicating a capital restructuring during FY25.

Regulatory Compliance and Governance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the audit committee before board approval. The company's statutory auditors, M/s. Bhatt Shah Mekhia & Co. (formerly M/s. Patel Jain & Associates), conducted the limited review as per SEBI regulations. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders.