Mercury Trade Links Appoints M/S. Patel Jain Associates as Statutory Auditor

Mercury Trade Links Limited has appointed M/S. Patel Jain Associates Chartered Accountants (Firm Registration No. 129797W) as the company's statutory auditor. The appointment was approved by the board of directors based on the audit committee's recommendation during a board meeting held on November 11, 2025. The auditor will hold office until the conclusion of the company's ensuing general meeting. M/s. Patel Jain Associates has over 15 years of experience and provides services including debt syndication, capital financing, auditing and assurance, business process re-engineering, search and seizure advisory, appellate representation, and management consultancy.

Mercury Trade Links Limited Announces Resignation of Statutory Auditor J Singh Associates

Mercury Trade Links Limited disclosed that M/s J Singh Associates (FRN: 110266W) resigned as the company's statutory auditor effective November 10, 2025. The auditing firm cited pre-occupation with other professional work as the reason for resignation. J Singh Associates was appointed as statutory auditor on September 30, 2024, for a five-year term that was scheduled to run until the conclusion of the 44th Annual General Meeting in 2029. The firm had issued an unmodified audit opinion on the company's financial statements for the year ended March 31, 2025, and a limited review report for the quarter ended June 30, 2025. The Board of Directors acknowledged the resignation and expressed appreciation for the auditor's guidance during their tenure.

Mercury Trade Links Managing Director Aashray Lakhani Resigns Due to Other Commitments

Mercury Trade Links Limited announced that Aashray Lakhani has resigned from his position as Managing Director. The Board of Directors accepted his resignation during a meeting held on October 10, 2025. Lakhani cited pre-occupancy with other activities as the reason for his departure. The company confirmed there are no other reasons for the resignation beyond what was stated in his resignation letter. Lakhani does not hold directorship positions in any other listed entities.

Mercury Trade Links Reports Loss in Q1 2025, Appoints Two New Directors

Mercury Trade Links Limited reported a net loss of Rs 13.46 lacs for the quarter ended June 30, 2025, compared to a profit of Rs 70.74 lacs in the same quarter last year. The company recorded zero revenue from operations during the quarter, down from Rs 790.12 lacs in the corresponding period of 2024. Basic and diluted earnings per share stood at negative Rs 0.10. The company appointed Ms. Kajalben Maheshbhai Parmar as Additional Non-Executive Independent Director and Mr. Dharamsingh Tarasingh Juni as Additional Non-Executive Director, both effective August 13, 2025. Ms. Parmar brings experience in the Agro Industry, while Mr. Juni has 10 years of experience in Administration and Management. Neither new director is related to existing directors or promoters, and both hold no directorships in other listed entities.

Mercury Trade Links Limited Announces Board Changes and Office Relocation

Mercury Trade Links Limited's board approved three key changes. The company relocated its registered office from West Gate Business Bay, Makarba to Solaris Business Hub, Naranpura, both in Ahmedabad. Mr. Prashant Nareshbhai Nayak was appointed as Non-Executive Independent Director, bringing trading experience to the company. Ms. Shruti Gupta resigned from her position as Non-Executive Independent Director, citing her intention to pursue an employment opportunity that would constrain her ability to perform independent director duties. All changes took effect on July 30, 2025.