Mercury Ev-Tech Ltd — Board Meeting, 22-05-2025: Board Meeting

Mercury EV-Tech Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025, along with key corporate decisions. The Board appointed Mr. Jayesh Raichandbhai Thakkar as Chairman while he continues as Managing Director. The company approved limits for related party transactions and certain borrowing and investment powers, subject to shareholder approval. The audited standalone results showed revenue from operations at ₹67.64 Cr and net profit at ₹6.39 Cr for the year. Consolidated revenue reached ₹89.64 Cr with a net profit of ₹7.70 Cr. The company expanded by acquiring a controlling stake in DC2 Mercury Cars Pvt Ltd and issued equity shares and convertible warrants, supporting its growth in EV and solar segments. The statutory auditors issued an unmodified opinion on both standalone and consolidated results.