Enclosed herewith file relating to Business Update of the Company.
MERCURYEV · price
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Mercury Ev-Tech's leadership met with a delegation from the Korea Smart e-Mobility Association (KEMA) at the Gujarat Chamber of Commerce & Industry. The meeting focused on technology knowledge transfer between India and Korea for developing electric two-wheelers and lithium-ion batteries. KEMA delegates included representatives from India and Indonesia, along with HB e-Mobility's chairman. The company has not disclosed any specific commercial outcome, order, partnership agreement, or financial commitment arising from this meeting.
This is a preliminary exploratory meeting with no concrete business deal, order, or financial impact announced. Shareholders should treat this as a soft signal of the company's intent to explore international technology partnerships in the EV space, but there is no immediate material impact on revenue or operations.