Proceedings of the 39th Annual General Meeting of the Company
MERCURYEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mercury Ev-Tech held its 39th AGM on December 15, 2025, from 12:00 noon to 1:15 PM at its registered office in Vadodara, Gujarat. All 46 shareholders on record attended the meeting, chaired by CMD Jayesh Thakkar. Five items were tabled: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Darshankumar Shah as director (retiring by rotation), (3) appointment of Mrs. Riya Sharma as a non-executive independent director (special resolution), (4) appointment of M/s. SJV & Associates as secretarial auditors, and (5) authorisation for the Board to grant loans/advances under Section 185 to entities where directors are interested (special resolution). The statutory auditor's report carried no qualifications, but the secretarial auditor's report for FY25 contained qualifications/observations, which were read out and explained by the directors. E-voting concluded on December 14, 2025, and consolidated voting results will be announced within two working days.
This is a routine procedural disclosure with no immediate price-moving event. The pending voting results (due within 2 days) and the Section 185 loan-authorisation item — which could allow lending to director-related entities — are the items shareholders should watch closely. The qualifications flagged in the secretarial audit report are a minor governance concern worth monitoring.