Shareholders meeting

September 30, 2026 To, To, Asst. Vice President, The Manager (Listing) National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, Plot C/1, G Block Floor 25, P J Tower, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400001 Mumbai – 400 051 Scrip Code: 531357 Scrip Name: MERCURYEV Sub: Outcome/Proceedings of the 40th Annual General Meeting (AGM) of Mercury EV-Tech Limited held on Wednesday, September 30, 2026. Dear Sir/Madam In accordance with the provisions of Regulation 30(2) read with Schedule III-Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the proceeding of the 40th Annual General Meeting of the Company held on Wednesday, September 30, 2026, through video conferencing (VC)/other audio- visual means (OAVM). Further, we wish to inform you that the results of remote e-voting and e-voting at the AGM will be announced within the stipulated time of two working days from the conclusion of the meeting. The results will be displayed at the Registered Office of the Company and also placed on the website of the Company i.e. www.mercuryevtech.com, once they are declared. The results will also be placed on the website of NSDL and will be disseminated to the Stock Exchanges, i.e. BSE Limited and National Stock Exchange of India Limited so that they can be accessed on their respective websites. We request you to kindly take the same on your record. Thanking you, Yours faithfully, For MERCURY EV-TECH LIMITED Krishna Naik Company Secretary ACS: 45523 Encl.: A/a. SUMMARY OF PROCEEDINGS OF THE 40TH ANNUAL GENERAL MEETING OF MERCURY EV-TECH LIMITED: The 40th Annual General Meeting ("AGM") of the Members of MERCURY EV-TECH LIMITED (CIN: L27109GJ1986PLC008770) ("The Company") was held on Wednesday, September 30, 2026 at 12.30 p.m. through video conferencing (VC)/other audio-visual means (OAVM). The Company, while conducting the Meeting, adhered to the circulars issued by the Ministry of Corporate Affairs (‘MCA’) and the Securities and Exchange Board of India (‘SEBI’). Directors and KMP Present: Sr. Name of Director Designation 1 Mr. Jayesh Thakkar Chairman and Managing Director 2 Mr. Darshankumar Shah Executive Director 3 Mr. Dinesh Kumar Sinha Non-Executive-Independent Director & chairman of Nomination and Remuneration Committee (NRC) 4 Ms. Riya Sharma Non-Executive - Independent Director 5 Mr. Sachin Wagh Non-Executive - Independent Director & chairman of Audit Committee (AC) and Stakeholders Relationship Committee (SRC) 6 Mr. Lalit Waankhede Non-Executive – Non-Independent Director 7 Mr. Dhruv Yardi Chief Financial Officer 8 Ms. Krishna Naik Company Secretary & Compliance Officer By Invitation: Sr. No. Name of the Representative Designation 1. Mr. Tejas K. Soni Statutory Auditor 2. Mr. Nisarg Sharma Secretarial Auditor and Scrutinizer Summary of proceedings: Total 56 members were present in meeting. Mr. Jayesh Thakkar, Chairman & Managing Director of the Company, chaired the meeting, welcomed the members at the AGM and started the formal proceedings. He introduced the Directors, CFO and CS present at the meeting. The Chairman also introduced Mr. Tejas K. Soni, Statutory Auditors, and Mr. Nisarg Sharma, Secretarial Auditors. The Company Secretary confirmed that the requisite quorum was present through video conferencing to conduct the proceedings of the meeting. The Chairman informed the Shareholders that Notice along with the Board’s Report and Audited Financial Statements had already been sent to the Shareholders by email and were taken as read. The Auditor’s Report on Financial Statements of the Company for the financial year ended March 31, 2026 did not contain any qualification, reservation, adverse remark or disclaimer. and thus, it was not required to be read. Thereafter, Chairman delivered his speech. The Chairman made his opening remarks covering the global economy and Company’s performance in auto industries, financial performance in FY 2025-26, and Company’s growth plans going forward. He informed the members that the Company had provided members the facility to cast their vote electronically on all resolutions set forth in the Notice convening the Annual General Meeting of the Company. Members who were present at the AGM and had not cast their votes electronically were provided an opportunity to cast their votes electronically at the meeting. The business items placed before the members for approval as per the notice of the meeting were then summarized by the Chairman. The Chairman requested the Company Secretary to share in brief, guidelines regarding e-voting and Q & A sessions. Company Secretary shared general guidelines with respect to Remote e-voting during the AGM. The Chairman informed that a few members asked queries in advance and were already replied accordingly. He also provided a fair opportunity for the members to seek clarifications/comments at the meeting. The following items of business as set out in the Notice calling the Meeting were proposed for Members' approval through remote e-voting: Item Brief Description Type of Business No. & Resolution Required 1 Adoption of Financial Statements: Ordinary Business To receive, consider and adopt the Audited Financial requiring Ordinary Statements (Standalone and Consolidated) of the Company for Resolution the Financial Year ended 31st March, 2026 together with Board’s Report and Auditors’ Report thereon'. 2 To appoint a Director in place of Mr. Lalit Vitthal Waankhede Ordinary Business (DIN - 00556938), who retires by rotation and being eligible, requiring Ordinary offers himself for re-appointment. Resolution 3 Appointment Of Statutory Auditor: Special Business To appoint M/S Tejas K. Soni, Chartered Accountants as a requiring Ordinary Statutory Auditor Resolution 4 Appointment Of Secretarial Auditor. Special Business Approval of the appointment of M/s Nisarg Sharma & requiring Ordinary Associates, Practicing Company Secretaries, Ahmedabad as Resolution Secretarial Auditor of the Company for a term of up to 5 (Five) consecutive years 5 To approve Material Related Party Transactions to be entered Special Business by the Company with M/s Sunbuy Renewables Limited requiring Ordinary Resolution 6 To approve Material Related Party Transactions to be entered Special Business by the Company with M/s DC2 Mercury Cars Private Limited. requiring Ordinary Resolution 7 To approve Material Related Party Transactions to be entered Special Business by the Company with M/s. Powermetz Energy Private Limited. requiring Ordinary Resolution 8 To approve Material Related Party Transactions to be entered Special Business by the Company with M/s Traclaxx Tractors Private Limited. requiring Ordinary Resolution 9 To approve Material Related Party Transactions to be entered Special Business by the Company with M/s Go Evexia division of Evexia requiring Ordinary Lifecare Limited. Resolution The Chairman further informed the members that the Board of Directors had appointed Mr. Nisarg Sharma, Proprietor of M/s Nisarg Sharma & Associates, Practising Company Secretaries, as Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM in a fair and transparent manner. The Consolidated result of e-voting will be announced within 2 (two) working days from the conclusion of the Annual General Meeting (‘AGM”) on receipt of Scrutinizer’s report and the same shall also be intimated to the BSE, NSE and NSDL as per the relevant provisions of the Companies Act, 2013 and the listing regulations and disseminated at the website of the Company at www.mercuryevtech.com. The Chairperson then thanked the Shareholders for attending the AGM and for extending their co-operation. The Meeting which commenced at 12:30 p.m. concluded at 01.10 P.M. For MERCURY EV-TECH LIMITED Krishna Naik Company Secretary ACS: 45523