Intimation of voting result of 39th AGM of the Company.
MERCURYEV · price
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Mercury Ev-Tech Ltd held its 39th AGM on December 15, 2025, and all 5 resolutions were passed with overwhelming majority (99.9998% in favour, only 175 votes against). The resolutions included adoption of audited financial statements for FY25, reappointment of Mr. Darshankumar Jitendra Shah as director (retire by rotation), appointment of Mrs. Riya Vinodbhai Sharma as Non-Executive Independent Director, appointment of SJV & Associates as Secretarial Auditors, and authorisation under Section 185 to grant loans/advances to entities where directors are interested. Out of 76,117 total shareholders, only 46 attended in person (3 promoters + 43 public), and total voting participation was 59.67% of outstanding shares, with promoters (holding ~59.2% stake) voting entirely in favour via poll. The scrutiniser was Janki Shah of SJV & Associates.
Routine AGM outcome with no negative surprises — all resolutions passed cleanly with near-unanimous support. The Section 185 loan authorisation (where promoters are interested) is notable as it allows the board to extend loans to director-related entities, which shareholders should monitor. Low public shareholder participation (only 1.2% of public non-institution shares voted) means outcomes were effectively driven by the controlling promoter group.