MERCURYEVBSEMercury Ev-Tech LtdLowNeutral
Announced Tue, 30 Sept · 15:51 IST

Please refer enclosed file.

Board & Shareholder Meetings View source PDF

MERCURYEV · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of Mercury Ev-Tech Ltd (BSE Scrip Code: 531357) met on September 30, 2025, from 3:15 PM to 3:40 PM. It noted that Mrs. Riya Sharma's existing tenure as Additional Director ceased on September 30, 2025 (after business hours) due to the AGM deadline. On the recommendation of the Nomination & Remuneration Committee, the board then reappointed her as a Non-Executive Independent Director for a second term of 5 years, effective September 30, 2025 (subject to shareholder approval). Mrs. Sharma is a Commerce graduate from M.S. University of Baroda specializing in Accounts. She is not related to any Director, KMP, or Promoter, holds no shares in the company, and is not debarred by SEBI from holding directorship.

Likely market impact

This is a routine corporate governance disclosure with no material impact on the stock. The seamless reappointment of the Independent Director maintains board continuity, which is viewed as a neutral-to-positive governance signal for shareholders. The reappointment is subject to shareholder approval at the next AGM.