Mercury EV-Tech 40th AGM Approves Financials, Auditors

Meeting Details

• Date: Wednesday, September 30, 2026
• Time: 12:30 p.m. to 1:10 p.m. (40 minutes duration)
• Location: Conducted through video conferencing (VC)/other audio-visual means (OAVM)
• Type of Meeting: 40th Annual General Meeting

Attendees

Directors and Key Managerial Personnel Present:

1. Mr. Jayesh Thakkar - Chairman and Managing Director

2. Mr. Darshankumar Shah - Executive Director

3. Mr. Dinesh Kumar Sinha - Non-Executive-Independent Director & chairman of the meeting

4. Ms. Riya Sharma - Non-Executive-Independent Director (Nomination and Remuneration Committee member)

5. Mr. Sachin Wagh - Non-Executive-Independent Director & chairman of Audit Committee and Stakeholders Relationship Committee

6. Mr. Lalit Waankhede - Non-Executive – Non-Independent Director

7. Mr. Dhruv Yardi - Chief Financial Officer

8. Ms. Krishna Naik - Company Secretary & Compliance Officer

By Invitation:

1. Mr. Tejas K. Soni - Statutory Auditor

2. Mr. Nisarg Sharma - Secretarial Auditor and Scrutinizer

Summary of Proceedings

• Total 56 members were present in the meeting
• The Chairman confirmed quorum was present through video conferencing
• Notice, Board's Report, and Audited Financial Statements had been sent to shareholders by email and were taken as read
• Auditor's Report on Financial Statements for FY ended March 31, 2026 contained no qualifications, reservations, adverse remarks, or disclaimers
• Chairman delivered opening remarks covering global economy, company's performance in auto industries, FY 2025-26 financial performance, and growth plans

Proposed Resolutions

The following nine business items were placed before members for approval through remote e-voting:

Ordinary Business (Requiring Ordinary Resolution):

1. Adoption of Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026 together with Board's Report and Auditors' Report

2. Re-appointment of Mr. Lalit Vitthal Waankhede (DIN: 00556938) who retires by rotation

Special Business (Requiring Ordinary Resolution):

3. Appointment of M/S Tejas K. Soni, Chartered Accountants as Statutory Auditor

4. Appointment of M/s Nisarg Sharma & Associates, Practicing Company Secretaries, Ahmedabad as Secretarial Auditor for a term of up to 5 consecutive years

5. Approval of Material Related Party Transactions with M/s Sunbuy Renewables Limited

6. Approval of Material Related Party Transactions with M/s DC2 Mercury Cars Private Limited

7. Approval of Material Related Party Transactions with M/s Powermetz Energy Private Limited

8. Approval of Material Related Party Transactions with M/s Traclaxx Tractors Private Limited

9. Approval of Material Related Party Transactions with M/s Go Evexia division of Evexia Lifecare Limited

Voting Process

• Company provided facility for remote e-voting on all resolutions
• Members present at AGM who hadn't cast votes electronically were provided opportunity to vote during the meeting
• Mr. Nisarg Sharma, Proprietor of M/s Nisarg Sharma & Associates, was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting at AGM
• Results of remote e-voting and e-voting at AGM will be announced within two working days from conclusion of meeting

Compliance and Dissemination

• Company adhered to circulars issued by Ministry of Corporate Affairs (MCA) and SEBI
• Results will be displayed at Registered Office of the Company
• Results will be placed on company website: www.mercuryevtech.com
• Results will be placed on NSDL website
• Results will be disseminated to BSE Limited and National Stock Exchange of India Limited