Trio Mercantile & Trading Ltd — Important, 01-06-2026: Company Update

Acquirer Kaushik Jagannath Joshi and associated entities have launched a mandatory open offer to acquire up to 3.40 crore equity shares, representing 50% of Trio Mercantile & Trading Limited. Public shareholders can tender their shares at ₹1.25 each. This offer follows an initial share purchase of 32.67 lakh shares at ₹1.00, triggering the takeover. The Acquirers aim to gain control, adding new strategic direction and developing profitable areas for Trio Mercantile. The total offer consideration of ₹4.25 crore is fully secured in an escrow account, ensuring payment for tendered shares. This offers existing shareholders an exit opportunity.