Mercury EV-Tech Limited disclosed that its promoter group entity, Shree Saibaba Exim Private Limited, sold 52,45,000 equity shares in the open market on September 7 and 8, 2026.

The disposal was made under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

Shree Saibaba Exim Private Limited held 4,29,92,485 shares, representing 22.630% of the company's total voting capital, prior to the transaction. Following the sale, its holding reduced to 3,77,47,485 shares, or 19.869%.

The transaction took place on the BSE and NSE exchanges. The company's total equity share capital remains unchanged at 18,99,73,058 shares with a face value of Re. 1/- each.

Regulatory Compliance

The disclosure was submitted by Artiben Jayeshbhai Thakkar, Director of Shree Saibaba Exim Private Limited (DIN: 02480296), on September 8, 2026. The filing confirms no derivatives were traded in connection with this disposal.

Mercury EV-Tech Limited has rescheduled its 40th Annual General Meeting (AGM) to September 30, 2026. The Board of Directors also revised the book closure and record dates during a meeting held on September 6, 2026.

The company previously announced the AGM would be held on September 28, 2026. Due to unavoidable circumstances, the Board decided to update the schedule via Video Conferencing or Other Audio Visual Means (OAVM).

Revised Schedule

The Board meeting commenced at 3:00 pm and concluded at 4:00 pm on Sunday, September 6, 2026. The revised timeline for shareholder participation is as follows:

Shareholders must hold their equity shares on the respective record dates to participate in the voting process.

Corporate Actions

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Board approved the updated dates. The company had earlier appointed M/s. Nisarg Sharma & Associates as the Scrutinizer for remote e-voting and e-voting during the AGM.

The Board’s Report and financial statements for FY26 were previously approved during the August 31, 2026 meeting.