Mercury Ev-Tech MD, chairman, board of directors and AGM
NSE: MERCURYEVBSE: 531357AutomobilesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹33.66.
- Next results date: the board meets on 31 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹600 Cr1,740th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 31 May 2026
- 2.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 0.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 31 May 2026
- 0.09
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,21,08755.6% delivered
Mercury Ev-Tech board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorJAYESH RAICHANDBHAI THAKKAR
- Company Secretary and Compliance OfficerKrishna Naik
6 directors3 independent2 executive1 non-executive
- JAYESH RAICHANDBHAI THAKKAR · Chairperson and managing directorExecutive · joined Nov 2024 · 2 listed boards · 1 committee seat
- DARSHANKUMAR JITENDRA SHAHExecutive · joined Oct 2022 · 1 listed board · 1 committee seat
- DINESH KUMAR SINHAIndependent · joined Oct 2023 · 35 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SACHIN SHIVAJI WAGHIndependent · joined Jan 2024 · 32 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- LALIT VITTHAL WAANKHEDENon-executive · joined Jan 2024 · 32 months as independent · 1 listed board
- RIYA VINODBHAI SHARMAIndependent · joined Jul 2025 · 14 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 6 Sep 20266 of 6 present3 independent · 5 days in between
- 31 Aug 20266 of 6 present3 independent · 17 days in between
- 13 Aug 20266 of 6 present3 independent · 74 days in between
- 30 May 20266 of 6 present3 independent
Audit Committee
Chair SACHIN SHIVAJI WAGH
DINESH KUMAR SINHA, JAYESH RAICHANDBHAI THAKKAR
- 31 Aug 20263 of 3 present2 independent · 17 days in between
- 13 Aug 20263 of 3 present2 independent · 74 days in between
- 30 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair DINESH KUMAR SINHA
SACHIN SHIVAJI WAGH, RIYA VINODBHAI SHARMA
- 31 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair SACHIN SHIVAJI WAGH
DARSHANKUMAR JITENDRA SHAH, DINESH KUMAR SINHA
- 13 Aug 20263 of 3 present2 independent · 74 days in between
- 30 May 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Tejas K.Soni & CompanyPeer-review certificate valid to Aug 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Mercury Ev-Tech AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mercury Ev-Tech share news and announcements
Annual general meeting, 30 Sep 2026
75,468 shareholders on the register on 25 Sep 2026; present: 3 promoters and 53 others; votes counted by M/s. Nisarg Sharma & Associates / NISARG.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended 31 Report thereonOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- To appoint a Director in place of Mr. Lalit Vitthal Waankhede (DIN - 00556938), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- TO APPOINT M/S TEJAS K. SONI, CHARTERED ACCOUNTANTS AS A STATUTORY AUDITOROrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- Approval of the appointment of M/s Nisarg Sharma & Associates, Practicing Company Secretaries, Ahmedabad as Secretarial Auditor of the Company for a term of up to 5 (Five) consecutive yearsOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- To approve Material Related Party Transactions to be entered by the Company with M/s Sunbuy Renewables LimitedOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- To approve Material Related Party Transactions to be entered by the Company with M/s DC2 Mercury Cars Private LimitedOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- To approve Material Related Party Transactions to be entered by the Company with M/s. Powermetz Energy Private LimitedOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- To approve Material Related Party Transactions to be entered by the Company with M/s Traclaxx Tractors Private LimitedOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
- To approve Material Related Party Transactions to be entered by the Company with M/s Go Evexia division of Evexia Lifecare LimitedOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 0.39% · promoters 0.00% · institutions 0.00% · other public 0.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesNov 2024, checked by CRISIL RATINGS LIMITED | 4.48 | – | – | No |