Intimation of Postal Ballot Outcome
MERCURYEV · price
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Mercury EV-Tech Limited has completed a postal ballot to appoint M/s Tejas K. Soni, Chartered Accountants as the company's new Statutory Auditor, and the resolution has been passed by shareholders. The voting was conducted via remote e-voting from January 13, 2026 to February 12, 2026, and the result was announced on February 13, 2026. Out of 70,439 shareholders on record, only 132 public shareholders cast votes — a very low participation of just 0.10% of outstanding shares. The resolution was approved with 98.43% of votes in favour (1,94,065 shares) and only 1.57% against (3,101 shares), with promoters notably not casting any votes despite holding approximately 11.24 crore shares. The postal ballot process was overseen by Ms. Janki Shah of SJV & Associates as Scrutinizer, and the report was counter-signed by Chairman & Managing Director Jayeshkumar Thakkar.
The appointment of a new Statutory Auditor takes effect, with the change approved by shareholders. The extremely low voter turnout — with promoters not participating at all — means the approval was driven by a very small slice of public shareholders, which is worth noting for governance-minded investors.