Mercury Ev-Tech shares surged nearly 14.71% to ₹42.31 on Monday following the company’s announcement of its 39th Annual General Meeting (AGM) scheduled for December 15. The stock has struggled recently, falling over 33% in the past six months and 58% in the last year, but it has delivered exceptional long-term returns, appreciating 6,367.69% over the past five years.
In an exchange filing, Mercury Ev-Tech stated the AGM will be held at its registered office in Vadodara, Gujarat, at 12:00 p.m. IST. Key agenda items include adopting audited financial results for FY25, re-appointing director Darshankumar Jitendra Shah, appointing Riya Vinodbhai Sharma as a non-executive independent director, appointing SJV & Associates as secretarial auditors, and authorizing the board to grant loans, advances, or securities.
Last week, the company inaugurated a new showroom in Porbandar, Gujarat, as part of its expansion strategy to strengthen market presence. Q2FY26 results were strong, with net sales up 51% to ₹34.01 crore and net profit rising 35% to ₹1.72 crore. Mercury Ev-Tech, founded in 1986, manufactures electric scooters, cars, buses, vintage EVs, golf carts, and provides customized EV solutions for industrial and hospitality applications.
