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:

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.

Mercury Laboratories Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, demonstrating adherence to regulatory requirements for securities dematerialisation processes.

Regulatory Compliance Filing

The pharmaceutical company filed the mandatory certificate on April 6, 2026, with BSE Limited through Company Secretary Krishna Shah. The submission fulfills requirements under Regulation 74(5) of Securities Exchange Board of India (Depositories and Participants) Regulations, 2018.

Registrar Confirmation

MUFG Intime India Private Limited, serving as Mercury Laboratories' Registrar and Share Transfer Agent, issued the compliance certificate on April 3, 2026. The registrar confirmed proper handling of securities received from depository participants during the quarter.

Sr. Vice President Ashok Shetty signed the certificate on behalf of MUFG Intime India, confirming that:

• Securities received for dematerialisation were properly confirmed to depositories
• All securities have been listed on relevant stock exchanges
• Security certificates were mutilated and cancelled after verification
• Depository names were substituted in member registers within prescribed timelines

Process Verification

The certificate validates that Mercury Laboratories maintained compliance with SEBI's dematerialisation regulations throughout Q4FY26. The registrar confirmed that all securities comprised in certificates received during the quarter have been listed on stock exchanges where the company's previously issued securities are traded.

Corporate Information

Mercury Laboratories operates from multiple locations including its head office and Factory-1 at Gorwa Industrial Estate, Vadodara, and Factory-2 at Halol-Vadodara Road. The company's registered office is located at Shreeji Bhuvan, Mumbai. MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serves as the company's registrar from its Mumbai office.