Mercury EV-Tech Limited has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda for the meeting is to consider and approve the audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026.

Board Meeting Details

The meeting is convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will review the company's financial performance for the specified period.

Trading Window Closure

In compliance with regulatory norms, the trading window for dealing in the company's securities has been closed since April 1, 2026. This restriction will remain in effect until 48 hours after the declaration of the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Key Dates

Mercury EV-Tech Limited has informed stock exchanges of the lapse of 4,53,00,000 fully convertible warrants and the consequent forfeiture of ₹84,93,75,000 in upfront subscription amounts. The disclosure, made on May 08, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows the expiry of the 18-month conversion window available to warrant holders.

Background and Regulatory Context

The warrants in question were allotted on a preferential basis on November 07, 2024. As per the terms of issue, warrant holders were entitled to exercise the option to convert the warrants into equity shares within 18 months from the date of allotment—that is, on or before May 07, 2026. None of the 19 allottees exercised this option within the stipulated period.

In terms of Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the warrants have accordingly lapsed, and the upfront subscription amount of ₹84,93,75,000 (being 25% of the issue price) received at the time of allotment stands forfeited by the company.

Complete List of Lapsed Warrants by Allottee

All 4,53,00,000 warrants across 19 allottees—spanning both promoter and non-promoter categories—have lapsed in their entirety. The following table provides the complete allottee-wise breakdown:

Key Details at a Glance

The intimation was filed by Krishna Naik, Company Secretary and Compliance Officer of Mercury EV-Tech Limited, on May 08, 2026, in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.