Trio Mercantile & Trading logo

Trio Mercantile & Trading MD, chairman, board of directors and AGM

BSE: 534755FinanceSmall Cap

Last close ₹2.69up ₹0.02 (0.75%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹2.67.

52-week range of traded prices to 23 Oct 2026
₹0.62Low, 30 Jan 2026₹3.18High, 10 Aug 2026
Market cap
₹18 Cr4,830th largest listed
P/E
Lossover the last 12 months
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
−0.3%
ROE without one-offs
0.1%
ROCE
−2.8%
Debt to equity
0.06
Volume, BSE
1,54,117

Trio Mercantile & Trading board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorDEEPAK RATILAL MEHTA
  • ChairpersonBHADRESH SHAH

4 directors3 independent1 executive

  • DEEPAK RATILAL MEHTA · Managing directorExecutive · joined Feb 2018 · reappointed Feb 2023 · 99 months as independent · 1 listed board · 2 committee seats
  • NEHUL AZAD CHHEDAIndependent · joined Feb 2018 · reappointed Feb 2023 · 99 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • BHADRESH SHAH · ChairpersonIndependent · joined Dec 2017 · reappointed Dec 2022 · 102 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • DIVYA PORYAIndependent · joined May 2018 · reappointed May 2023 · 97 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 Jun 20264 of 4 present3 independent · 44 days in between
    • 15 May 20264 of 4 present3 independent · 14 days in between
    • 30 Apr 20264 of 4 present3 independent · 41 days in between
    • 19 Mar 20264 of 4 present3 independent
  • Audit Committee

    Chair BHADRESH SHAH

    NEHUL AZAD CHHEDA, DEEPAK RATILAL MEHTA

    • 15 May 20263 of 3 present2 independent · 90 days in between
    • 13 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair NEHUL AZAD CHHEDA

    DIVYA PORYA, BHADRESH SHAH

    • 15 May 20263 of 3 present3 independent · 90 days in between
    • 13 Feb 20263 of 3 present3 independent
  • Stakeholders Relationship Committee

    Chair DIVYA PORYA

    DEEPAK RATILAL MEHTA, BHADRESH SHAH

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Billimoria Mehta & CoPeer-review certificate valid to Jun 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Trio Mercantile & Trading AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Trio Mercantile & Trading share news and announcements

Annual general meeting, 24 Sep 2026

12,160 shareholders on the register on 17 Sep 2026; present: 14 promoters and 93 others; votes counted by Bharat Prajapati / M/s. Bharat Prajapati & Co..The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.61% · promoters 100.00% · institutions 0.00% · other public 1.47%

  2. To appoint a Director in place of Mr. Kaushik Jagannath Joshi (DIN: 00410595) who retires by rotation and is eligible for re-appointment
    OrdinaryPromoters have an interest in it
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 1.34% · promoters 0.00% · institutions 0.00% · other public 1.47%

  3. Appointment of M/s. Bharat Prajapati & Co., Peer Reviewed firm of Company Secretaries (Firm Registration No. S2012GJ176800, Peer Review No.: 2367/2022) as Secretarial Auditors of the Company
    Ordinary
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 10.61% · promoters 100.00% · institutions 0.00% · other public 1.47%

  4. Appointment of Mr. Kaushik Jagannath Joshi (DIN: 00410595) as an Executive Director of the company
    SpecialPromoters have an interest in it
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 1.34% · promoters 0.00% · institutions 0.00% · other public 1.47%

  5. Appointment of Mr. Kaushik Jagannath Joshi (DIN: 00410595) as Chairman and Managing Director of the company
    SpecialPromoters have an interest in it
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 1.34% · promoters 0.00% · institutions 0.00% · other public 1.47%

  6. Appointment of Ms. Radhika Kaushik Joshi (DIN: 08206100) as Executive Director & Chief Financial Officer ("ED & CFO") of the Company and approval of terms and conditions including remuneration payable to Ms. Radhika Kaushik Joshi as ED & CFOMoreLess
    SpecialPromoters have an interest in it
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 1.34% · promoters 0.00% · institutions 0.00% · other public 1.47%

  7. To Appoint Mr. Jignesh Shailesh Tank (DIN: 11819899) as Non-Executive Non-Independent Director of the Company
    Special
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.92%

    Turnout: all 10.40% · promoters 100.00% · institutions 0.00% · other public 1.25%

  8. To Appoint Ms. Kiran Ramchandra Shelke (DIN: 11828692) as Non-Executive Independent Director of the Company
    Special
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.37%

    Turnout: all 10.59% · promoters 100.00% · institutions 0.00% · other public 1.45%

  9. To Appoint Mr. Vikram Navin Vador (DIN: 11828723) as Non-Executive Independent Director of the Company
    Special
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.38%

    Turnout: all 10.58% · promoters 100.00% · institutions 0.00% · other public 1.45%

  10. To Appoint Mr. Dhruv Suresh Bhanushali (DIN: 11831631) as Non-Executive Independent Director of the Company
    Special
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.32%

    Turnout: all 10.61% · promoters 100.00% · institutions 0.00% · other public 1.47%

  11. Alteration Of The Object Clause Of The Memorandum Of Association Of The Company
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 10.61% · promoters 100.00% · institutions 0.00% · other public 1.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.