EV Stock In Focus On Concluding 39th AGM With Major Approvals; Here Are The Key Takeaways

Mercury EV-Tech Limited notified the stock exchanges that its 39th Annual General Meeting (AGM), which took place at the company's registered office in Vadodara, Gujarat, on Monday, December 15, 2025, was conducted successfully. All 46 shareholders on the register attended the AGM, which was presided over by Mr. Jayesh Raichandbhai Thakkar, Chairman and Managing Director, and had the required quorum.

Along with key managerial staff, including the CFO and Company Secretary, the Board of Directors, which consists of executive, non-executive, and independent directors, was present. The meeting was also attended by the scrutinizer, secretarial auditors, and statutory auditors.

During the AGM, the chairman addressed members on the global economic scenario, the company's performance in the electric vehicle segment, financial results for FY 2024-25, and future growth plans.

The approval of audited standalone and consolidated financial statements for the year ended March 31, 2025, the reappointment of Mr. Darshankumar Jitendra Shah as Director retiring by rotation, the appointment of Mrs. Riya Vinodbhai Sharma as Non-Executive Independent Director, the appointment of M/s SJV & Associates as Secretarial Auditors, and the Board's authorization to grant loans, advances, or securities under Section 185 of the Companies Act, 2013 were among the major items on the agenda. During the AGM, voting was done via ballot paper and remote electronic voting, with a scrutinizer selected to ensure a fair and open procedure.

In accordance with regulatory requirements, the consolidated vote results shall be declared within two working days, shared with CDSL and BSE, and published on the company's website.

Mercury Ev-Tech Ltd's shares began trading on the BSE on Tuesday, December 16, at Rs 39.27 a share. They quickly rose to an intraday high of Rs 40.45, a 4.28% gain from the previous close.

The stock is trading much below its 52-week high of Rs 99.26 at the current market price of Rs 39.82, indicating a dramatic reversal of almost 60% from peak levels and highlighting the severe selling pressure observed over the past year. However, the stock has recovered by around 10.6% from its 52-week low of Rs 36.00, indicating that some buying interest has emerged at lower prices.

With an emphasis on domestic production, green energy, and an end-to-end solution for India's EV goals, Mercury EV-Tech is an Indian company that aims to be a broad provider for the electric vehicle (EV) sector. The company manufactures the entire range of automobile components for vehicles like e-bikes, cars, buses, and more.

Its market value was around Rs 756 crores as of December 12, 2025. Although the stock is often seen as a "Mid-range Performer," it has demonstrated significant financial growth in some areas, including TTM Operating Revenue growth of 266.8% and TTM Net Profit growth of 211.1%, making it a Market Leader in both categories within its sector, as per Trendlyne. The stock's price performance has been erratic, nevertheless, with a 57% decline during the last 1 year.