Mercury Ev-Tech Ltd — Important, 14-08-2026: Company Update

Mercury EV-Tech has received the final Monitoring Agency Report on its Preferential Issue (PI). The PI, initially planned for Rs 447.94 Cr, saw a significant portion of convertible warrants, amounting to Rs 254.81 Cr, go unexercised by holders. This means these funds were not received by the company. Of the actual funds received, totaling Rs 193.13 Cr, the company has fully utilized them for purposes including conversion of promoter loans, working capital, loan repayment, capital expenditure, and general corporate needs. The report notes no deviation in the use of the funds that were actually received.