Mercury Ev-Tech Ltd — Updates, 26-04-2025: Company Update

Mercury EV-Tech Limited's Board has accepted the resignations of Ms. Manshi Jain as Independent Director and Mr. Arif Rajjak Sayyad as Non-Executive Non-Independent Director, both effective April 26, 2025, citing personal circumstances and professional commitments, respectively. There are no material reasons for their departures. Additionally, the Board approved the reconstitution of its committees, enhancing its governance framework. This update indicates a shift in leadership that could lead to new strategic directions. Overall, while there may be short-term uncertainties, this restructuring suggests a focus on strengthening management and may offer a positive outlook for future performance.