Attached herewith is the Outcome of Board Meeting held on 26.04.2025
MERCURYEV · price
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Mercury Ev-Tech Ltd's board, at its meeting on April 26, 2025, accepted the resignations of two directors: Ms. Manshi Jain, an Independent Director, who cited personal and unavoidable circumstances, and Mr. Arif Rajjak Sayyad, a Non-Executive Non-Independent Director, who stepped down due to other professional commitments. Both directors confirmed there were no material reasons beyond those stated. The board also re-constituted three key committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee — with new member compositions.
Two directors leaving in a single board meeting, including an independent director, may raise short-term governance concerns, though the stated reasons appear routine. The quick re-constitution of board committees ensures continued compliance, but investors should watch for further board-level changes or any disclosures about the underlying reasons.