Mercury Ev-Tech Ltd — Others, 30-05-2025: AGM/EGM

Mercury EV-Tech Limited has announced a postal ballot seeking shareholder approval for multiple material related party transactions (RPTs) for FY 2025-26, each capped at Rs. 200 Cr per annum. These involve dealings with related entities including Sunbuy Renewables, DC2 Mercury Cars, Powermetz Energy, Traclaxx Tractors, and Finmer Electric Fintech, covering sales, purchases, services, and loans, all on arm’s length terms and in the ordinary course of business. The company also seeks shareholder consent to authorize the Board to borrow and secure loans up to Rs. 500 Cr, and to make loans, guarantees, or investments up to Rs. 1,000 Cr in other bodies corporates to support growth and operations. These approvals enable operational flexibility and financial resource management critical for business expansion and strategic initiatives.