Please refer document attached herewith.
MERCURYEV · price
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The board, at its meeting on September 30, 2025 (3:15 PM to 3:40 PM), approved two items related to Mrs. Riya Sharma's directorship. First, her tenure as Additional Director ended on September 30, 2025 after business hours, as per the Companies Act rule limiting Additional Directors to hold office only until the AGM. Second, on the Nomination & Remuneration Committee's recommendation, she was appointed as Non-Executive Independent Director for a fresh 5-year term effective October 1, 2025 (the main letter indicates October 1, 2025, while Annexure-II cites September 30, 2025 — a minor inconsistency in the filing). Mrs. Sharma is a Commerce graduate from M.S. University of Baroda, holds DIN 11208483, has no shareholding in the company, is not related to any Director, KMP or Promoter, and is not debarred by SEBI from holding a directorship. No other listed directorships or committee positions.
This is a routine reappointment of an existing independent director, ensuring board continuity with no change in control or strategy. Unlikely to have any meaningful impact on share price or shareholder value.