Outcome of Board Meeting in which the management of the Company changed.

22nd July, 2026 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Script Code: 534755 Dear Sir, Sub: Outcome of Board Meeting held on Wednesday, 22nd July, 2026 Commenced on 2.30 pm (14.30 HRS) and Concluded on 3.45 pm (15.45 HRS) Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Meeting of the Board of Directors of the Company was held on Wednesday, 22nd July, 2026, at the registered office of the Company. The Board, inter alia, transacted and approved the following business: Resignations: 1. Considered and approved the resignation of Mr. Bhadresh Shah (DIN:08028036) as Non- Executive - Independent Director-Chairperson and Director of the Company with effect from July 22, 2026. The Board wishes to place on record its sincere appreciation for the services rendered by Mr. Bhadresh Shah and wishes him the best for his future endeavors. 2. Considered and approved the resignation of Mr. Deepak Ratilal Mehta (DIN: 00046696) as Managing Director-Executive Director and Director of the Company with effect from July 22, 2026. The Board wishes to place on record its sincere appreciation for the services rendered by Mr. Deepak Ratilal Mehta and wishes him the best for his future endeavors. 3. Considered and approved the resignation of Mr. Nehul Azad Chheda (DIN: 08075432) as Non-Executive - Independent Director and Director of the Company with effect from July 22, 2026. The Board wishes to place on record its sincere appreciation for the services rendered by Mr. Nehul Azad Chheda and wishes him the best for his future endeavors. 4. Considered and approved the resignation of Ms. Divya Girish Poriya (DIN: 08160358) as Non-Executive - Independent Director and Director of the Company with effect from July 22, 2026. The Board wishes to place on record its sincere appreciation for the services rendered by Ms. Divya Porya and wishes her the best for her future endeavors. 5. Considered and approved the resignation of Mr. Hiren Kothari (PAN: *****8569B) as Chief Financial Officer of the Company with effect from July 22, 2026. The Board wishes to place on record its sincere appreciation for the services rendered by Mr. Hiren Shantilal Kothari and wishes him the best for his future endeavors. 6. Considered and approved the resignation of Mr. Chetan Bohra (PAN: *****9309Q) as Company Secretary and Compliance Officer of the Company with effect from July 22, 2026. The Board wishes to place on record its sincere appreciation for the services rendered by Mr. Chetan Bohra and wishes him the best for his future endeavors. Change in Designations: 7. Approved the change in designation of Mr. Kaushik Jagannath Joshi (DIN: 00410595) from Additional (Executive) Director of the Company to Additional Director designated as Chairman and Managing Director of the Company, for a period of 3 (three) years from 22.07.2026 to 21.07.2029, subject to the approval of shareholders in the ensuing General Meeting of the Company; 8. Approved the change in designation of Ms. Radhika Kaushik Joshi (DIN: 08206100) from Additional (Executive) Director (subject to the approval of shareholders in the ensuing General Meeting of the Company) of the Company to Additional (Executive) Director (subject to the approval of shareholders in the ensuing General Meeting of the Company) & Chief Financial Officer of the Company; Appointments: 9. Approved the appointment of Mr. Vikram Navin Vador (DIN: 11828723) as Independent Director (Non-executive) of the Company for a period of 5 (five) years from 22.07.2026 to 21.07.2031, subject to the approval of shareholders in the ensuing General Meeting of the Company; 10. Approved the appointment of Mr. Dhruv Suresh Bhanushali (DIN: 11831631) as Independent Director (Non-executive) of the Company for a period of 5 (five) years from 22.07.2026 to 21.07.2031, subject to the approval of shareholders in the ensuing General Meeting of the Company; and 11. Approved the appointment of Ms. Kiran Ramchandra Shelke (DIN: 11828692) as Additional Independent Woman Director (Non-executive) of the Company for a period of 5 (five) years from 22.07.2026 to 21.07.2031, subject to the approval of shareholders in the ensuing General Meeting of the Company. The requisite details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/0155 dated 11th November, 2024 and any other regulation / circular, in respect of appointments, resignations and Change in designation are given in enclosed Annexure-A, B & C. You are requested to kindly take the same on your records. Thanking you, Yours faithfully, For, Trio Mercantile & Trading Ltd. MS. RADHIKA JOSHI ADDITIONAL DIRECTOR (DIN: 08206100) Annexure A (Resignation) Particulars Details Details Details Details Details Details Name Mr. Mr. Deepak Mr. Nehul Ms. Divya Mr. Hiren Mr. Chetan Bhadresh Ratilal Azad Porya Shantilal Bohra Shah Mehta Chheda Kothari Designation Non- Managing Non- Non- Chief Company Executive - Director- Executive - Executive - Financial Secretary Independent Executive Independent Independent Officer of and Director- Director Director Director the Compliance Chairperson and and and Company Officer of and Director of Director of Director of the Director of the the the Company the Company Company Company Company Reason for Resignation Resignation Resignation Resignation Resignation Resignation change viz. appointment, resignation, removal, death or otherwise Date of July 22, July 22, July 22, July 22, July 22, July 22, Resignation 2026 2026 2026 2026 2026 2026 Brief profile NA NA NA NA NA NA (in case of appointment) Letter of Letter of Letter of Letter of Letter of Letter of Letter of Resignation Resignation Resignation Resignation Resignation Resignation Resignation along is attached is attached is attached is attached is attached is attached with detailed with this with this with this with this with this with this reasons for annexure. annexure. annexure. annexure. annexure. annexure. resignation Mr. Mr. Deepak Mr. Nehul Ms. Divya Mr. Hiren Mr. Chetan and Bhadresh Ratilal Azad Porya has Shantilal Bohra has Confirmation Shah has Mehta has Chheda has confirmed Kothari has confirmed that there is confirmed confirmed confirmed that there is confirmed that there is no other that there is that there is that there is no that there is no material no no no material no material reasons material material material reason for material reason for other than reason for reason for reason for his reason for his those his his his resignation, his resignation, provided resignation, resignation, resignation, other than resignation, other than other than other than other than those other than those those those those stated in the those stated in the stated in the stated in stated in the resignation stated in resignation resignation the resignation letter the letter letter resignation letter resignation letter letter Annexure B (Change in Designation) Particulars Details Name & DIN Mr. Kaushik Joshi (DIN: 00410595) Reason for change viz. Change in Designation Appointment, resignation, Removal, death or otherwise Date of appointment/ Date of Appointment: July 22, 2026 cessation (as applicable) & term of appointment Term of Appointment: Appointed as an Additional Director designated as Chairman and Managing Director of the Company, for a period of 3 (three) years from 22.07.2026 to 21.07.2029, subject to approval of the Members of the Company Brief Profile (in case of Mr. Kaushik Jagannath Joshi is a businessman with over three appointment) decades of experience in the logistics, real estate development, and trading. He has extensive expertise in logistics operations, supply chain management, commercial negotiations, and business development. Over the years, he has acquired significant experience in managing business oper [Showing first 8,000 characters — download PDF for full document]