Mercury Laboratories appoints internal and cost auditors for FY 2026-27

Mercury Laboratories Limited has re-appointed M/s K R & Associates as its Internal Auditor and M/s V. M. Patel & Associates as its Cost Auditor for the financial year 2026-27. The Board of Directors approved these appointments at a meeting held on May 29, 2026, ensuring continued oversight of the company's financial and cost accounting functions for the upcoming fiscal year.

The Internal Auditor, M/s K R & Associates, is a Vadodara-based partnership firm established in 2009. The firm is managed by CA Rachit Shah, CA Keyur Shah, and CA Manish Jethwani. Its practice areas include risk-based internal auditing, financial due diligence, assessment of internal finance controls, and forensic accounting.

M/s V. M. Patel & Associates, a Surat-based firm, has been re-appointed as the Cost Auditor. The firm has been practicing since 2012 and is led by CMA Vipin Patel, a Fellow Member of the Institute of Cost Accountants of India. The firm specializes in cost audit, budgetary control, MIS, and costing.

The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the details of the appointments are provided in Annexure-A as required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Auditor Appointment Details

Particulars	Internal Auditor	Cost Auditor
Name of the Firm(s)	M/s K R & Associates	M/s V. M. Patel & Associates
Reason for change	Re-appointment	Re-appointment
Date of Appointment	May 29, 2026	May 29, 2026
Term of Appointment	FY 2026-27	FY 2026-27
Brief Profile	Partnership firm established in 2009; managed by CA Rachit Shah, CA Keyur Shah, CA Manish Jethwani. Practice areas include risk-based internal auditing, financial due diligence, assessment of internal finance controls, forensic accounting & fraud detection.	Practicing Cost Accountant firm since 2012; led by CMA Vipin Patel, a Fellow Member of the Institute of Cost Accountants of India. Specializes in cost audit, budgetary control, MIS & costing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+4.95%	+7.33%	-3.65%	-1.99%	+9.28%

Mercury laboratories has announced the resignation of Mr. Sandip Patel, Plant Head-Jarod, from his position as Senior Management Personnel (SMP). The resignation became effective from the closure of business hours on April 28, 2026, as communicated to the BSE on April 29, 2026.

Resignation Details

The company has provided comprehensive details about the senior management change in compliance with regulatory requirements:

Parameter:	Details
Name and Designation:	Mr. Sandip Patel, Plant Head-Jarod
Effective Date:	April 28, 2026 (Closure of business hours)
Reason:	Better opportunities and career advancement
Status:	Senior Management Personnel (SMP)

Regulatory Compliance

Mercury Laboratories has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to the Corporate Relations Department of BSE Limited, providing all necessary documentation including the resignation letter and detailed annexures.

The company confirmed that there are no other material reasons for the resignation beyond those stated in the formal resignation letter. Mr. Patel expressed gratitude for the opportunities, guidance, and support received during his tenure with the organization.

Management Transition

In his resignation letter dated April 28, 2026, Mr. Patel acknowledged the privilege of being part of Mercury Laboratories Limited and thanked the board members and colleagues for their guidance, support, and cooperation throughout his tenure. The resignation was formally accepted by the management on the same date.

The company has ensured proper documentation and regulatory compliance for this senior management transition, maintaining transparency with stakeholders and regulatory authorities.