Mercury Ev-Tech Ltd — Updates, 22-05-2025: Company Update

Mercury EV-Tech Limited has announced a board meeting outcome that includes approval of the financial results for the quarter and half-year, as well as the financial year. Mr. Jayesh Raichandbhai Thakkar has been appointed Chairman while continuing as Managing Director. The company revised limits related to certain transactions and approved a postal ballot for seeking shareholders’ nod. The audited financial results show standalone revenue from operations of Rs. 20.17 Cr for the year, with net profit of Rs. 6.39 Cr, up from Rs. 2.19 Cr previously. Consolidated revenue grew to Rs. 89.64 Cr with net profit at Rs. 7.70 Cr. The company expanded by acquiring a 69.84% stake in DC2 Mercury Cars Private Limited, now a subsidiary. Mercury EV-Tech operates in renewable EV and solar segments, and has allotted equity shares and convertible warrants to raise funds for growth. The statutory auditors have given an unmodified opinion on these results, confirming reliable financial reporting.