Mercury Laboratories MD, chairman, board of directors and AGM
BSE: 538964Pharmaceuticals & BiotechnologySmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹730.00.
- 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.
- ₹88 Cr2,954th 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. The filing of 25 Jul 2026
- 21.1
- 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 29 May 2026
- 1.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.48%
- ROEReturn on equity. Profit over 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, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 25 Jul 2026
- 7.5%
- 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 25 Jul 2026
- 7.0%
- 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 29 May 2026
- 0.13
- Volume, BSEVolume. Shares traded on the last trading day.
- 5
Mercury Laboratories board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorRajendra Ramanlal Shah
- ChairpersonSanjay Shantilal Patel
6 directors2 independent1 executive3 non-executive
- Rajendra Ramanlal Shah · Managing directorExecutive · joined Feb 1982 · reappointed Apr 2026 · 1 listed board
- Dilip Ramanlal ShahNon-executive · joined Feb 1982 · reappointed Sep 2023 · 1 listed board
- Paresh Jagdishbhai MistryNon-executive · joined Oct 2017 · reappointed Sep 2024 · 1 listed board · 2 committee seats, 1 as chair
- Jayantilal RavalIndependent · joined Jul 2024 · reappointed Sep 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Sanjay Shantilal Patel · ChairpersonIndependent · joined May 2025 · reappointed Aug 2025 · 13 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
- Janki Rajendra ShahNon-executive · joined Feb 2020 · reappointed Aug 2025 · 1 listed board
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.
1 director who left
- Bharat Dhirajlal Mehta, left 14 May 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20266 of 6 present2 independent · 106 days in between
- 11 Feb 20266 of 6 present2 independent
Audit Committee
Chair Sanjay Shantilal Patel
Jayantilal Raval, Paresh Jagdishbhai Mistry
- 29 May 20263 of 3 present2 independent · 106 days in between
- 11 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Jayantilal Raval
Janki Rajendra Shah, Sanjay Shantilal Patel
- 29 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Paresh Jagdishbhai Mistry
Jayantilal Raval, Sanjay Shantilal Patel
- 29 May 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Rajendra Ramanlal Shah
Dilip Ramanlal Shah, Jayantilal Raval, Sanjay Shantilal Patel
- 29 May 20264 of 4 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 NARESH AND COPeer-review certificate valid to Oct 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 Laboratories 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 Laboratories dividend history
Annual general meeting, 28 Sep 2026
1,356 shareholders on the register on 22 Sep 2026; present: 9 promoters and 21 others; votes counted by Mr Nrupang Dholakia / M/s Dholakia & Associates LLP.The company's voting result (opens in a new tab)
- Consideration and Adoption of the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereonOrdinary98.53% for1.47% against
Against: promoters 0.00% · institutions 0.00% · other public 51.73%
Turnout: all 75.81% · promoters 100.00% · institutions 0.00% · other public 8.16%
- Declaration of Dividend of ? 3.50/- per equity share of ? 10/- each for the Financial Year ended March 31, 2026Ordinary98.53% for1.47% against
Against: promoters 0.00% · institutions 0.00% · other public 51.73%
Turnout: all 75.81% · promoters 100.00% · institutions 0.00% · other public 8.16%
- To re-appoint a Director in place of Mr. Dilip R Shah (DIN: 00257242), Non-Executive Non Independent Director who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryNot passedPromoters have an interest in it45.08% for54.92% against
Against: promoters 0.00% · institutions 0.00% · other public 54.92%
Turnout: all 2.03% · promoters 0.00% · institutions 0.00% · other public 7.69%
- Approval for Payment of Remuneration to Ms. Janki R Shah, (DIN: 08686344) Non- Executive Director exceeding fifty percent (50%) of total remuneration payable to all Non-Executive DirectorsSpecialNot passedPromoters have an interest in it45.08% for54.92% against
Against: promoters 0.00% · institutions 0.00% · other public 54.92%
Turnout: all 2.03% · promoters 0.00% · institutions 0.00% · other public 7.69%
- Approval for payment of remuneration to Ms. Janki R Shah (DIN:08686344), Non- Executive Director of the CompanySpecialNot passedPromoters have an interest in it45.08% for54.92% against
Against: promoters 0.00% · institutions 0.00% · other public 54.92%
Turnout: all 2.03% · promoters 0.00% · institutions 0.00% · other public 7.69%
- Approval for payment of remuneration to Mr. Saurabh Mittal, Chief Operating Officer of the CompanyOrdinaryNot passedPromoters have an interest in it45.08% for54.92% against
Against: promoters 0.00% · institutions 0.00% · other public 54.92%
Turnout: all 2.03% · promoters 0.00% · institutions 0.00% · other public 7.69%
- Approval for payment of consultancy fees being paid to the M/s Mercury Marketing & Consulting ServicesOrdinaryNot passedPromoters have an interest in it45.08% for54.92% against
Against: promoters 0.00% · institutions 0.00% · other public 54.92%
Turnout: all 2.03% · promoters 0.00% · institutions 0.00% · other public 7.69%
- Approval for continuation of Mr. Jayantilal Raval (DIN:10662609) as Non-Executive Independent Director beyond the age of Seventy-Five (75) YearsSpecial98.53% for1.47% against
Against: promoters 0.00% · institutions 0.00% · other public 51.73%
Turnout: all 75.81% · promoters 100.00% · institutions 0.00% · other public 8.16%
- Ratification of Remuneration payable to the Cost Auditor of the Company for Financial Year 2026-27Ordinary98.53% for1.47% against
Against: promoters 0.00% · institutions 0.00% · other public 51.73%
Turnout: all 75.81% · promoters 100.00% · institutions 0.00% · other public 8.16%
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.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeAssistant Commissioner, Tarnaka-I, Secunderabad, TelanganaSince 30 Apr 2024The Company has filed an appeal against the orderAt the filing before: The Company had received demand order of Rs. 4,47,180/- towards GST along with applicable interest and penalty thereon due to difference of Tax payment on outward supplies in GSTR 9, ITC discripancies
- Tax disputeAssistant Commissioner, Tarnaka-I, Secunderabad, TelanganaSince 30 Apr 2024The Company had filed an appeal against the order and appeal had been rejected. Now Company will file an appeal before the GSTATAt the filing before: The Company had received demand order of Rs. 3,88,905/- towards IGST along with applicable interest and penalty thereon due to Difference of ITC between GSTR 2A and GSTR 3B
- Tax disputeAssistant Commissioner, Tarnaka-I, Secunderabad, TelanganaSince 23 Aug 2024The Company has filed an appeal against the orderAt the filing before: The Company had received demand order of Rs. 1,44,096/- towards GST along with applicable interest and penalty thereon due to difference of Tax payment on outward supplies in GSTR 9
- Tax disputeExcise and Taxation Officer, Ambala Ward , HaryanaSince 29 Dec 2023The Company has filed an Appeal before GST Appellate Tribunal
At the filing before: The Company had received demand order under Section 74 of CGST Act, 2017 for Rs.4,28,270/- along with applicable interest and penalty thereon due to difference of ITC between GSTR 1 and GSTR 3B, GSTR 2A and GSTR 3B, Credit Notes difference in GSTR 9 and other related discripanciesMoreLess
- Tax disputeAssistant Commissioner of Central GST & Central Excise (Adjudication), VadodaraSince 4 Feb 2025The Company has Filed an Appeal against the Order
At the filing before: An Order arising out of Show Cause Notice issued by the Learned Audit Department confirming demand of Rs. 1,15,26,047/- plus applicable interest and equivalent amount of penalty has been passed by the Assistant Commissioner of Central Tax, CGST and Central Excise, Division-I, Vadodara-IMoreLess
- Tax disputeAdditional Commissioner (Appeals), CGST, Vadodara, GujaratSince 15 Apr 2025An order has been passed against the Company in the appeal proceedings, against which the Company has preferred an appeal before the Goods and Services Tax Appellate Tribunal (GSTAT)At the filing before: The Company had received Demand Order u/s 73 of Rs. 3,54,166/-along with applicable interest and penalty thereon due to disallaownace of ITC.
In the company's own words, from its latest governance filing.
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
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.