Two Non-Executive Independent Directors resign with effect from August 28, 2026
Two Non-Executive Independent Directors (Additional Directors) — Mr. Dinesh Kumar Koli and Ms. Nidhi Jayantibhai Thakar — have stepped down with effect from August 28, 2026.
- Directors Resigned
- Mr. Dinesh Kumar Koli and Ms. Nidhi Jayantibhai Thakar
- Resignation Effective Date
- August 28, 2026
- Director Positions
- Non-Executive Independent Directors (Additional Directors)
- Reason for Resignation
- Unable to accept and assume office due to pre-occupations
- Company Status
- Under insolvency resolution process; update signed by Interim Resolution Professional
What was shared
The company intimated BSE under Regulation 30 of SEBI LODR that two directors have ceased to hold office.
- Mr. Dinesh Kumar Koli (Non-Executive Independent Director, Additional Director) — cessation with effect from August 28, 2026, reason stated as pre-occupancy.
- Ms. Nidhi Jayantibhai Thakar (Non-Executive Independent Director, Additional Director) — cessation with effect from August 28, 2026, reason stated as pre-occupancy / personal reasons.
The covering letter states both were appointed with effect from August 28, 2026 and conveyed their inability to accept and assume the said office due to pre-occupations. Both confirmed there are no other material reasons other than those mentioned.
Other details in the annexures
- Mr. Koli holds directorship in NIL other listed entities.
- Ms. Thakar holds directorship in One other listed entity.
- Ms. Thakar requested the company to complete formalities including update Form DIR-12 with the Registrar of Companies and the mandatory disclosure to BSE.
Context for investors
The intimation is signed by Mr. Manish Kumar Bhagat, Interim Resolution Professional of Mercury Trade Links Limited, which indicates the company is under an insolvency resolution process where the IRP handles company affairs rather than the board.
Independent directors provide outside oversight on the board, and two of them stepping away immediately after appointment can be read by investors as a sign of instability in board composition. The update states the reason as pre-occupation and no other material reason. The disclosure itself carries no financial figures and no direct effect on operations is stated.
More numbers
- Other listed entities where Mr. Koli is a directorNIL
- Other listed entities where Ms. Thakar is a directorOne
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