Mercury Ev-Tech Ltd

Auditor Appointment

• Shareholders approved M/S Tejas K. Soni, Chartered Accountants, as Statutory Auditor for 2026-27 to 2028-29.
• Term spans three consecutive years, from 2026-27 to 2028-29.

Appointment of Secretarial Auditor

• Shareholders approved appointment of Nisarg Sharma & Associates as Secretarial Auditor at AGM dated 30.09.2026.
• Appointment spans five consecutive years from FY 2026-27 to FY 2030-31.
• Auditor is M/s. Nisarg Sharma & Associates, Practising Company Secretaries, Ahmedabad (COP-17088).
• Firm holds Peer Review Certificate No. 3941/2023.
• First-term appointment approved by shareholders.

AGM details

• AGM held via VC/OAVM; no physical attendance.
• Quorum confirmed; meeting concluded via VC/OAVM.

Key resolutions

• Resolution 1: Adopt standalone and consolidated financial statements; ordinary; results to be announced within two working days.
• Resolution 2: Re-appointment of director by rotation; ordinary; results to be announced within two working days.
• Resolution 3: Appoint statutory auditor; special; results to be announced within two working days.
• Resolution 4: Appoint secretarial auditor; special; results to be announced within two working days.
• Resolution 5: Approve material related party transactions with counterparty A; special; results within two working days.
• Resolution 6: Approve material related party transactions with counterparty B; special; results within two working days.
• Resolution 7: Approve material related party transactions with counterparty C; special; results within two working days.
• Resolution 8: Approve material related party transactions with counterparty D; special; results within two working days.
• Resolution 9: Approve material related party transactions with counterparty E; special; results within two working days.

Auditors & director changes

• Statutory auditor appointment proposed.
• Secretarial auditor appointment proposed; term up to five years.
• Director re-appointment by rotation.

Mercury EV-Tech Ltd — Trading Window closed from 1st October, 2026 till 48 hours after the declaration of Un-Audited Financial Results for the quarter and half-year ending 30th September, 2026.

Disposal by promoter group

• Target: Mercury EV-Tech Limited.
• Disclosing Party: Shree Saibaba Exim Private Limited (Promoter Group).
• Pre-transaction voting rights: 3,77,47,485 shares (19.869%).
• Encumbrances/VR/Warrants: 0 each.
• Disposal: 20,00,000 shares sold (1.0527%), Open Market, Sept 10, 2026.
• Post-transaction holding: 3,57,47,485 shares (18.817%).
• Equity share capital before/after: 18,99,73,058 shares.
• Total diluted share capital after: 18,99,73,058 shares.
• Date of transaction: September 10, 2026.

Dealer network expansion

• 100 new dealers appointed across India in last four months.
• Target to appoint an additional 200 dealers by March 2027.

Gujarat subsidy eligibility

• GEDA clearance obtained to market electric 2W and 3W in Gujarat.
• Subsidies: ₹12,000 per 2W; ₹48,000 per 3W for eligible customers.

Promoter disposal and stake change

• Promoter group Shree Saibaba Exim Private Limited disposed 2,000,000 Mercury EV-Tech shares on Sept 10, 2026.
• Pre-disposal holding: 3,77,47,485 shares (19.869%); post-disposal: 3,57,47,485 shares (18.817%).
• Mode: Open Market; date of disposal: Sept 10, 2026; total shares before/after: 18,99,73,058.
• Regulatory disclosures filed under Reg 7(2)(a) insider trading and Reg 29(2) SAST.
• Promoter stake declined by 1.0527 percentage points (from 19.869% to 18.817%).
• No price or monetary value disclosed in the notices.

Transaction summary

• Target Company: Mercury EV-Tech Limited.
• Disclosing Party: Shree Saibaba Exim Private Limited (Promoter Group).
• Transaction Type: Disposal of voting rights/shares.
• Pre-Transaction Holding: 4,29,92,485 shares (22.630%).
• Transaction Details: Sold 52,45,000 shares (2.760%) via Open Market on Sep 7–8, 2026.
• Post-Transaction Holding: 3,77,47,485 shares (19.869%).
• Date(s) of Transaction: September 07, 2026 and September 08, 2026.
• Share Capital Context: Before/After 18,99,73,058; Diluted 18,99,73,058.