Mercury Trade Links Ltd

Cessations

• Dinesh Kumar Koli, Non-Executive Independent Director (Additional Director), ceased Aug 28, 2026 due to pre-occupations.
• Nidhi Jayantibhai Thakar, Non-Executive Independent Director (Additional Director), ceased Aug 28, 2026 due to pre-occupations.

CIRP initiation and IRP appointment

• Order dated 01/09/2026 admitted Mercury Trade Links Ltd into CIRP under IBC Section 9.
• Operational debt of Rs 2.70 crore admitted; no genuine pre-existing disputes established.
• Interim Resolution Professional Manish Kumar Bhagat appointed; IP registration provided.
• Moratorium under Section 14 imposes stay; supply of essential goods exempted.
• IRP to issue public announcement and call for claims under 13(1)(b) of the Code.
• Operational creditor to pay IRP Rs 2,00,000 in advance within 7 days.
• CIRP commencement effective from the date of the order.

Meeting Details

• Date: August 01, 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited financial results for the period ended June 30, 2026.
• Any other business matter, with the permission of the Chair.

Other Notes

• Trading window closure periods not specified.

Dematerialisation processing status

• Dematerialisation requests in the quarter ended 30 June 2026 were confirmed to depositories and listed on exchanges.
• Security certificates for dematerialisation were mutilated and cancelled; depository’s name substituted as registered owner after verification.

Appointments/Resignations

• Appointed Sarang Shivajirao Chavan and Associates as Statutory Auditor, effective 07 July 2026.
• Resigned Bhatt Shah Mekhia & Co. as Statutory Auditor, effective 07 July 2026.
• Board placed on record its appreciation for the outgoing auditor.

Change in Designation

• Mr. Prashantbhai Nareshbhai Nayak changed from Executive Director to Managing Director
• Change effective April 4, 2026, for five years subject to shareholder approval
• Mr. Nayak has vast trading experience adding value to the company
• Not related to any other directors
• No SEBI debarment or restrictions

Appointment of Independent Director

• Ms. Nidhi Jayantibhai Thakar appointed as Non-Executive Independent Director effective April 4, 2026
• Ms. Thakar is a Company Secretary with 10+ years in corporate law and governance
• Not related to any other directors
• No SEBI debarment or restrictions

Appointment of Independent Director

• Mr. Dinesh Kumar Koli appointed as Non-Executive Independent Director effective April 4, 2026
• Mr. Koli committed to stakeholder interests and sustainable company growth
• Not related to any other directors
• No SEBI debarment or restrictions