Mercury Laboratories has appointed Jaydeepsinh Raj as Manager-HR, effective September 3, 2026. The appointment was disclosed to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Raj, aged about 35 years, holds a Bachelor's Degree in Social Work. He brings over 8 years of professional experience in Human Resource Management to the role.

Professional Background

His expertise covers employee relations, talent management, recruitment, HR operations, and performance management. Prior to joining Mercury Laboratories, he was associated with IDMC Limited and Sudeep Pharma Private Limited.

The appointment is for full-time employment. Rajendra Shah, Managing Director of Mercury Laboratories, signed the disclosure on September 3, 2026.

Mercury Laboratories has scheduled its 45th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be held through Video Conference (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars.

The primary agenda item is the approval of the final dividend of ₹3.5 per equity share for FY26, as recommended by the Board of Directors in its May 29, 2026 meeting. The company has fixed Monday, September 21, 2026, as the record date to determine eligibility for the dividend payout.

Meeting Logistics and E-Voting

Shareholders can attend and participate in the AGM via the VC/OAVM facility. Instructions for joining the meeting will be provided in the official Notice of the AGM. Members attending through VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013.

The company is providing a remote e-voting facility to all members to cast votes on resolutions set out in the Notice. Detailed procedures for remote e-voting and e-voting during the AGM are available in the Notice of the AGM. Electronic copies of the Notice and the Integrated Annual Report for FY25-26 have been sent to shareholders with registered email addresses. Those without registered emails will receive a letter with a web link and QR code.

Dividend Payment and Compliance

If approved at the AGM, the dividend will be paid to eligible shareholders on or after September 28, 2026. In line with regulatory mandates requiring electronic dividend payments, physical modes such as cheques or demand drafts are no longer permitted.

Shareholders must ensure their bank account details, including IFSC codes and KYC information, are updated with their Depository Participants (for demat holdings) or the Registrar and Share Transfer Agent (for physical holdings). Failure to update details may delay payment.

Tax Deduction at Source (TDS) Implications

Under the Income Tax Act, 2025, Mercury Laboratories will deduct tax at source on dividend payouts. Shareholders seeking benefits under Double Taxation Avoidance Agreements (DTAA) or claiming lower/nil TDS must submit relevant documents (Form 121, Form 41, Tax Residency Certificate) by the record date.

Resident individual shareholders can avoid TDS if their total dividend income from the company does not exceed ₹10,000 in the tax year 2026-2027. Non-resident shareholders must submit self-attested PAN, TRC, and e-filed Form 41 by the record date to avail DTAA benefits.