Trio Mercantile & Trading approved the relocation of its registered office to Mulund, Mumbai, effective September 5, 2026. The decision was taken during a board meeting held on the same date.

The company moved its registered address from Borivali (West) to Shop No. 2, "A" Wing, Tulip - Rachana Garden, Village Nahur, G. G. Singh Road, Mulund (West), Mumbai 400082. The shift remains within the local limits of the city of Mumbai.

Board Approval Details

The Board of Directors convened on Saturday, September 5, 2026, commencing at 9:00 pm and concluding at 9:35 pm. The meeting approved the change in registered office address.

Ms. Radhika Kaushik Joshi, Additional Director (DIN: 08206100), signed the disclosure. The company notified BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Address Change Summary

Trio Mercantile & Trading has submitted its 24th annual report for the financial year ended March 31, 2026. The filing reports a net loss of ₹53.63 lakh, compared to a loss of ₹54.32 lakh in the previous year. Revenue from operations rose 67% to ₹27.55 crore, driven by higher trading volumes.

The submission coincides with significant leadership changes. Kaushik Jagannath Joshi was appointed Chairman and Managing Director, while his daughter, Radhika Kaushik Joshi, took over as Executive Director and Chief Financial Officer. These appointments follow the resignation of the previous management team in July 2026.

Financial Performance

The company reported total income from operations of ₹35.35 crore for FY26, up from ₹23.69 crore in FY25. This growth was primarily supported by a surge in revenue from operations, which reached ₹27.55 crore from ₹16.51 crore in the prior year. Other income also contributed, rising to ₹77.93 crore from ₹71.76 crore, largely due to interest income on loans.

Despite the revenue increase, the company incurred a net loss after tax of ₹53.63 lakh. Profit before tax stood at a loss of ₹13.75 lakh, contrasting with a loss of ₹53.68 lakh in FY25. The improvement in pre-tax figures was offset by exceptional items totaling ₹99.30 lakh and tax pertaining to earlier years amounting to ₹38.73 lakh.

Leadership Transition

The annual report details a complete overhaul of the board and key managerial personnel effective July 2026. Mr. Deepak Mehta resigned as Managing Director, while Mr. Bhadresh Shah, Mr. Nehul Chheda, and Ms. Divya Poriya stepped down as independent directors. Mr. Hiren Kothari also resigned as CFO.

Kaushik Jagannath Joshi, who brings over three decades of experience in logistics and trading, was appointed CMD for a three-year term with a gross salary of ₹1 lakh per month. Radhika Kaushik Joshi, a Chartered Accountant, was appointed ED & CFO for a similar tenure with a monthly salary of ₹50,000.

Three new independent directors were added to the board: Kiran Ramchandra Shelke, Vikram Navin Vador, and Dhruv Suresh Bhanushali. Each will serve a five-year term starting July 22, 2026. Mr. Jignesh Shailesh Tank was appointed as a Non-Executive Non-Independent Director.

Governance and Strategic Shifts

The company approved an alteration to its Memorandum of Association (MOA) to diversify its revenue streams. The revised object clause allows Trio Mercantile to engage in general trading, importing, exporting, and dealing in pharmaceuticals, healthcare products, and other commodities, subject to regulatory approvals.

M/s. Bharat Prajapati & Co., a peer-reviewed firm based in Ahmedabad, was appointed as the new secretarial auditor for a five-year term from FY27 to FY31, replacing Ms. Shreya Shah who resigned due to preoccupation. The proposed fees are ₹3 lakh plus applicable taxes.

AGM Schedule

The 24th Annual General Meeting is scheduled for September 24, 2026, at 2:00 pm via Video Conferencing or Other Audio-Visual Means. Shareholders will vote on the adoption of financial statements, the re-appointment of Kaushik Joshi, and the special resolutions regarding new director appointments and the MOA alteration. Share transfer books will remain closed from September 18, 2026, to September 24, 2026.