Submissions of notice of 44th AGM of the company
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Mercury Laboratories has filed the notice for its 44th AGM, to be held on Wednesday, August 13, 2025 at 11:30 AM through video conferencing. The board is recommending a dividend of ₹3.50 per equity share (face value ₹10) for FY2024-25, with the record/cut-off date set as August 6, 2025 and register of members closed from August 7 to August 13, 2025. E-voting will run from August 9 (9 AM) to August 12 (5 PM). Key special business includes re-appointment of Mr. Rajendra R Shah as Managing Director for 3 years from April 1, 2026 (with salary up to ₹3 lakh per month, he being over 70 years of age), appointment of Mr. Sanjay Patel as Independent Director for 5 years, and remuneration approval for Mr. Paresh Mistry (up to ₹30 lakh per annum) and Ms. Janki R Shah. The company also proposes appointing M/s. Dholakia & Associates LLP as Secretarial Auditors for 5 years and ratifying cost auditor remuneration of ₹43,000 for FY2025-26. During the year, 3,400 shares of 11 members were transferred to the IEPF along with ₹1,43,106 in unclaimed dividends.
The ₹3.50 dividend announcement confirms a payout to shareholders, and the dividend will be paid on or before September 11, 2025. The re-appointment of the long-serving MD and approval of director remunerations are routine corporate governance items requiring shareholder vote; these are not expected to materially impact the stock price in the short term.