Mercury EV-Tech Limited , a player in the electric vehicle sector, has announced a significant expansion of its presence in South India. The company has opened three new dealership showrooms in Tamil Nadu, marking a strategic move to strengthen its market position and enhance customer outreach in the region.

Expansion Details

The company has provided the following information about the new dealerships:

Strategic Implications

This expansion aligns with Mercury EV-Tech Limited's business growth strategy. The company expects these new showrooms to:

1. Strengthen its market presence in South India
2. Improve customer outreach in the region
3. Support the company's overall business expansion plans

The inauguration of these showrooms represents a significant step in Mercury EV-Tech's efforts to capture a larger share of the growing electric vehicle market in South India.

Company's Statement

In its disclosure to the BSE, Mercury EV-Tech Limited stated that this expansion is "in line with the Company's business expansion strategy and is expected to strengthen our market presence and outreach."

The company has also shared glimpses from the inaugural ceremony, underlining the importance of this expansion in its growth narrative.

As the electric vehicle market in India continues to evolve, such strategic expansions could play a crucial role in determining market leaders. However, the actual impact of this expansion on Mercury EV-Tech's market position and financial performance remains to be seen in the coming quarters.

The National Company Law Tribunal (NCLT) Ahmedabad Bench has given its approval for the merger of EV Nest Private Limited into Mercury EV-Tech Limited , marking a significant development in the electric vehicle sector. The order, pronounced on September 18, 2025, sets the stage for consolidation and potential growth in the EV industry.

Key Details of the Merger

• Appointed Date: The merger is effective from April 1, 2023.
• Companies Involved:
  • Transferor Company: EV Nest Private Limited (CIN: U45209GJ2015PTC083192)
  • Transferee Company: Mercury EV-Tech Limited (CIN: L27109GJ1986PLC008770)
• Stock Exchange Listing: Mercury EV-Tech Limited is listed on the Bombay Stock Exchange.

Rationale and Benefits

The merger aims to achieve several strategic objectives:

1. Operational efficiency
2. Business synergies
3. Consolidation of stakeholder value

Impact on Shareholders and Employees

• Shareholders: As EV Nest Private Limited is a wholly-owned subsidiary of Mercury EV-Tech Limited, no new shares will be issued upon completion of the merger.
• Employees: All employees of EV Nest Private Limited will be transferred to Mercury EV-Tech Limited with terms and conditions not less favorable than their current arrangements, ensuring job security and continuity.

Financial and Regulatory Aspects

• The merger is structured under Sections 230 to 232 of the Companies Act, 2013.
• Mercury EV-Tech Limited will absorb all assets, liabilities, and employees of EV Nest Private Limited.
• The authorized share capital of EV Nest Private Limited will be added to that of Mercury EV-Tech Limited upon the scheme becoming effective.

Next Steps

1. Mercury EV-Tech Limited is required to file e-form INC-28 along with the copy of the NCLT order and scheme with the Registrar of Companies within 30 days.
2. The company must comply with all necessary regulatory filings, including those with the stock exchange.

Conclusion

This merger represents a strategic move in the EV sector, potentially strengthening Mercury EV-Tech Limited's position in the market. Stakeholders will be watching closely to see how this consolidation translates into operational and financial performance in the coming months.

Note: Investors are advised to consult financial experts before making any investment decisions based on this corporate action.