Mercury EV-Tech intimates SEBI Regulation 30 compliance regarding lapse of 4.53 crore fully convertible warrants due to non-exercise.
Company forfeits ₹84.94 crore upfront subscription amount received from allottees including promoters and non-promoters.
Warrant holders failed to convert within stipulated 18-month period ending May 07, 2026 from November 2024 allotment.