Combined E-Voting result and scrutinizers report of 44th AGM is attached
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Mercury Laboratories Limited held its 44th Annual General Meeting on August 13, 2025, via video conferencing, with all 9 resolutions passed with overwhelming shareholder approval (~99.99% in favour). Shareholders approved the adoption of audited financial statements for FY ended March 31, 2025, and declared a dividend of ₹3.50 per equity share (face value ₹10), translating to a 35% dividend on face value. Key management changes approved include the re-appointment of Mr. Rajendra R Shah as Managing Director effective April 1, 2026, re-appointment of Ms. Janki R Shah as Non-Executive Director, appointment of Mr. Sanjay Patel as Independent Director, and ratification of remuneration for Mr. Paresh Mistry and the Cost Auditor. M/s. Dholakia & Associates LLP was appointed as the Secretarial Auditor. Total voting turnout was 74.70% of equity capital (896,424 out of 1,200,000 shares), with the promoter group (holding 73.66%) voting unanimously in favour on non-conflicted items.
The ₹3.50 dividend provides a healthy 35% return on face value for shareholders, signaling strong cash generation. All governance-related resolutions, including key director appointments, sailed through smoothly, indicating stability in promoter control and no shareholder dissent on management decisions. Low public shareholder participation (~3.96% of public shares voted) is typical for small-cap companies and means promoter votes drove outcomes on conflicted items like MD re-appointment.