Mercury Trade Links Limited has recently undergone significant changes in its auditing structure, as disclosed in multiple corporate announcements. The company, headquartered in Ahmedabad, has seen the resignation of its statutory auditor and the subsequent appointment of a new firm to fill the role.

Resignation of J Singh Associates

M/s J Singh Associates (FRN: 110266W) tendered their resignation as the statutory auditor of Mercury Trade Links Limited, effective from November 10, 2025. The auditing firm cited pre-occupation with other professional commitments as the primary reason for their departure. J Singh Associates had been appointed on September 30, 2024, for a five-year term that was originally set to conclude at the end of the 44th Annual General Meeting in 2029.

During their tenure, J Singh Associates had:

• Issued an unmodified audit opinion on the company's financial statements for the fiscal year ending March 31, 2025
• Provided a limited review report for the quarter ending June 30, 2025

The Board of Directors acknowledged the resignation and expressed appreciation for the services provided by J Singh Associates during their time as the company's auditors.

Appointment of New Statutory Auditor

In response to the auditor's resignation, the Board of Directors of Mercury Trade Links Limited convened a meeting on November 11, 2025. Based on the recommendation and approval of the audit committee, the board approved the appointment of M/S. Patel Jain Associates, Chartered Accountants (Firm's Registration No. 129797W), as the new Statutory Auditors of the company.

Key details of the new appointment:

• Effective Date: November 11, 2025
• Term: Until the conclusion of the ensuing General Meeting of the company

Profile of New Auditor

M/s. Patel Jain Associates brings over 15 years of experience to their new role. The firm's expertise encompasses:

• Debt syndication & Capital financing
• Auditing and Assurance
• Business process Re-engineering
• Search and seizure advisory
• Appellate representation
• Management consultancy

Upcoming Board Meeting

Mercury Trade Links Limited has announced a Board of Directors meeting scheduled for November 14, 2025. The agenda includes:

1. Consideration and approval of the Unaudited financial results for the period ended September 30, 2025
2. Any other items with the permission of the chair

These developments signify a period of transition for Mercury Trade Links Limited, as the company adapts to changes in its auditing structure while maintaining its commitment to financial transparency and corporate governance.

Investors and stakeholders are advised to monitor further announcements from the company regarding the finalization of financial results and any additional outcomes from the upcoming board meeting.

Mercury Trade Links Limited , a company listed on the Bombay Stock Exchange (BSE: 512415), announced a significant change in its leadership. Aashray Lakhani, the company's Managing Director, has resigned from his position, citing pre-occupancy with other activities as the reason for his departure.

Key Details of the Resignation

The Board of Directors of Mercury Trade Links Limited convened a meeting on October 10, 2025, to discuss and approve several items, including the acceptance of Mr. Lakhani's resignation. The meeting, which began at 5:50 PM and concluded at 6:00 PM, resulted in the following outcomes:

Company's Statement

The company confirmed that there are no other reasons for the resignation beyond what was stated in Mr. Lakhani's resignation letter. This information was disclosed as part of the company's obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance Implications

The resignation of a Managing Director is a significant event for any company. It often leads to a period of transition and can potentially impact the company's strategic direction. However, Mercury Trade Links Limited has not provided any information regarding a successor or interim leadership arrangements at this time.

Investor Considerations

While leadership changes can create uncertainty, it's important for investors to note that:

1. The resignation appears to be amicable, with no indication of disagreements or concerns raised by either party.
2. Mr. Lakhani does not hold directorships in any other listed entities, which may simplify the transition process.
3. The company has promptly disclosed this information to the stock exchange, demonstrating compliance with regulatory requirements.

As Mercury Trade Links Limited navigates this leadership transition, stakeholders will likely be watching closely for any announcements regarding a new Managing Director and any potential shifts in company strategy or operations.

The market's reaction to this news and its impact on the company's stock price will be of interest to investors in the coming trading sessions. Shareholders and potential investors are advised to keep an eye on further announcements from the company regarding its leadership plans going forward.