Mercury EV-Tech Limited Files SEBI Declaration on Share Encumbrances for FY26
Mercury EV-Tech Limited filed its SEBI declaration for FY26 confirming no new share encumbrances by promoters during the year ended March 31, 2026. The promoter group holds 11,24,22,758 shares across four entities, with Shree Saibaba Exim Private Limited being the largest holder at 4,29,92,485 shares, followed by Raghuvir International Private Limited at 4,17,05,820 shares. The declaration was signed by Chairman & MD Jayeshbhai R. Thakkar and submitted to BSE on April 06, 2026.
*this image is generated using AI for illustrative purposes only.
Mercury EV-Tech Limited has filed its annual declaration with BSE Limited under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. The declaration confirms that no new encumbrances were created on shares held by promoters and promoter group entities during FY26.
Regulatory Compliance Filing
The company submitted the mandatory declaration on April 06, 2026, signed by Chairman & Managing Director Jayeshbhai R. Thakkar (DIN: 01631093). The filing ensures compliance with SEBI regulations requiring disclosure of any encumbrances on substantial shareholdings by promoters and persons acting in concert.
Promoter Group Shareholding Details
Artiben Jayeshbhai Thakkar, representing herself and the promoter group, provided comprehensive details of shareholdings across all promoter entities. The declaration confirms that existing encumbrances, if any, remained unchanged during the reporting period.
| Shareholder Name | Category | Shares Held | Pledged/Encumbered Shares |
|---|---|---|---|
| Artiben Jayeshbhai Thakkar | Promoter | 2,77,24,453 | 0 |
| Kavit Jayeshbhai Thakkar | Promoter | 0 | 0 |
| Raghuvir International Private Limited | Promoter Group | 4,17,05,820 | 0 |
| Shree Saibaba Exim Private Limited | Promoter Group | 4,29,92,485 | 0 |
Key Highlights
The promoter group maintains significant shareholding in the company through multiple entities. Shree Saibaba Exim Private Limited holds the largest stake with 4,29,92,485 shares, followed by Raghuvir International Private Limited with 4,17,05,820 shares. Individual promoter Artiben Jayeshbhai Thakkar holds 2,77,24,453 shares, while Kavit Jayeshbhai Thakkar currently holds no shares in the company.
Corporate Governance
The timely filing of this declaration demonstrates the company's commitment to regulatory compliance and transparency in corporate governance. The document was digitally signed and submitted to BSE Limited's Department of Corporate Services, with copies provided to the company's Audit Committee Chairman for internal records.
Historical Stock Returns for Mercury EV-Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | +16.20% | -1.72% | -31.70% | -49.70% | +74.50% |
Will Mercury EV-Tech consider pledging promoter shares to raise capital for electric vehicle expansion plans in FY27?
How might the concentrated promoter ownership structure impact potential strategic partnerships or joint ventures in the EV sector?
Could the company's clean shareholding position make it an attractive acquisition target for larger automotive players?
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