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

Mercury EV-Tech Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company appointed Mr. Jayesh Raichandbhai Thakkar as Chairman while he continues as Managing Director. Related party transaction limits and borrowing limits were revised, pending shareholder approval. The audited results show standalone revenue of Rs. 67.64 Cr and consolidated revenue of Rs. 89.64 Cr for the year, with standalone net profit at Rs. 6.39 Cr and consolidated net profit at Rs. 7.70 Cr. The company issued 1.44 Cr equity shares at a premium of Rs. 74 per share and allotted 4.53 Cr convertible warrants, enhancing equity capital. It acquired a 69.84% stake in DC2 Mercury Cars Private Limited, now its subsidiary. Auditors gave an unmodified opinion on both standalone and consolidated results, confirming clean financial reporting.