Mercury ev-tech Limited has announced a board meeting scheduled for February 12, 2026, to approve its unaudited financial results for the third quarter of fiscal year 2026. The meeting will focus on considering and approving the standalone financial performance for both the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has formally notified BSE Limited about the upcoming board meeting in compliance with regulatory requirements. The meeting agenda specifically includes the consideration and approval of standalone unaudited financial results covering the reporting period ending December 31, 2025.

Trading Window Closure

Mercury EV-Tech Limited has implemented a trading window closure as part of its regulatory compliance measures. The trading window for dealing in the company's securities has been closed since January 1, 2026, following an earlier intimation dated December 26, 2025.

The closure will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter and nine months ended December 31, 2025. This measure ensures compliance with insider trading regulations during the period leading up to and immediately following the financial results announcement.

Regulatory Compliance

The board meeting notification has been made in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

The company has addressed its communication to BSE Limited's Corporate Relationship Department, referencing its scrip code 531357 and scrip name MERCURYEV. The formal intimation was signed by Krishna Naik, Company Secretary, and digitally authenticated on February 3, 2026.

Mercury Ev-Tech shares attracted strong investor interest on Friday, January 23, with the stock price rising sharply even as broader equity markets remained under pressure. The rally was backed by a noticeable jump in trading volumes, helping the stock stand out in an otherwise subdued session.

Sharp Intraday Rally Despite Market Pressure

The multibagger stock climbed as much as 15.5% to ₹36.51 during the trading session. Despite this sharp move, Mercury Ev-Tech is still trading around 58% below its 52-week high of ₹87.00, which was recorded in January 2025. Earlier this week, the stock had slipped to its 52-week low of ₹29.95, highlighting the significant volatility experienced in recent months.

Volume Surge Indicates Strong Interest

On the volume front, Mercury Ev-Tech witnessed active participation from investors. As of January 23, 2026, trading volumes on the BSE were reported in the range of 2.19 lakh to 2.27 lakh shares, significantly higher than recent averages. This surge in volumes suggests renewed investor interest in the electric vehicle stock.

Long-Term Performance Remains Strong

Despite recent volatility, Mercury Ev-Tech remains one of the standout long-term performers in the small-cap space. The EV stock, currently priced below ₹50.00, has delivered multibagger returns of over 5000% in the last five years. However, performance in the shorter term has been challenging.

Strong Q2FY26 Financial Performance

The company reported robust financial results for Q2FY26. Net sales rose 51% to ₹34.01 crore compared with Q1FY26, while net profit increased 35% to ₹1.72 crore during the same period. For the first half of FY26, net sales jumped 142% to ₹56.58 crore, and net profit climbed 43% to ₹2.99 crore, indicating improving scale and profitability.

On a year-on-year basis, net profit for Q2FY26 increased 15.7% to ₹1.84 crore, compared with ₹1.59 crore in the same quarter last year.

Recent Corporate Developments

Mercury EV-Tech Limited held its 39th Annual General Meeting on December 15, 2025, in Vadodara, where shareholders focused on key business decisions for FY25. During the meeting, investors approved five major resolutions:

• Adoption of audited financial statements for FY25
• Reappointment of Director Darshankumar Shah
• Appointment of Riya Sharma as non-executive independent director
• Appointment of SJV & Associates as secretarial auditors
• Authorization for the board to provide loans or securities to entities with director interest

Chairman and Managing Director Jayesh Raichandbhai Thakkar addressed shareholders on the company's performance, audit observations and strategic outlook. Remote e-voting was conducted between December 12 and December 14, followed by ballot voting at the AGM venue.

Company Overview

Founded in 1986, Mercury EV-Tech operates in the electric mobility and renewable energy space. The company is engaged in manufacturing and trading of electric scooters, electric cars, electric buses, and specialized offerings such as electric vintage cars and golf carts. It also provides customized EV solutions catering to the hospitality and industrial segments.