Please refer the enclosed file.
MERCURYEV · price
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Awaiting price reaction for this filing.
Mercury EV-Tech Limited has submitted its Integrated Annual Report for FY 2024-25 along with the Notice of the 39th Annual General Meeting to BSE, as required under SEBI LODR Regulation 34(1). The 39th AGM is scheduled for Monday, December 15, 2025, at 12:00 PM IST at the registered office in Vadodara, with the cut-off date for e-voting eligibility set as December 8, 2025. The report highlights the company's strong growth in FY24-25, with consolidated revenue from operations rising to approximately ₹89.64 crore and consolidated profit after tax reaching about ₹9.94 crore. During the year, the company made several strategic acquisitions: a 65% stake in Traclaxx Tractors (May 2024), a 70% stake in Haitek Automotive (September 2024), and a 69.84% stake in DC2 Mercury Cars (January 2025), along with a wholly owned subsidiary Powermetz Energy which commissioned a 3.2 GW lithium-ion battery manufacturing facility in Vadodara. AGM business items include adoption of financial statements, re-appointment of a director, appointment of a new independent director, appointment of secretarial auditors for five years, and authorization for loans up to ₹200 crore to entities where directors are interested.
This is a routine annual regulatory filing, but the AGM notice seeks shareholder approval for significant items including a ₹200 crore loan authorization to director-related entities, which shareholders should review before voting during the December 12–14 e-voting window. The strong revenue and profit growth, combined with multiple acquisitions and the new battery manufacturing facility, signal an aggressive expansion phase for the company.