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Management Change5 Oct 2026, 05:40 pm

Mercury Ev-Tech Appoints New Director, Accepts Resignation

AI Summary

Mercury Ev-Tech Ltd announced the outcome of its Board Meeting held on October 5, 2026. The board approved the appointment of Mr. Shreyan Jigneshkumar Patel as an Additional Director (Non-Executive Non-Independent) subject to shareholder approval. Mr. Patel brings a diverse educational background including Honorary Doctorate in Entrepreneurship and certifications in AI/ML, with over 3 years of experience in manufacturing Ayurvedic medicines, EV chargers, and water ionizers. The board also accepted the resignation of Mr. Lalit Vitthal Waankhede from the position of Non-Executive Director, effective October 5, 2026. The meeting commenced at 4:00 p.m. and concluded at 5:00 p.m.

Key Highlights

  • Mr. Shreyan Jigneshkumar Patel appointed as Additional Director.
  • Appointment is Non-Executive Non-Independent, subject to shareholder approval.
  • Mr. Patel has experience in manufacturing, EV chargers, and AI/ML.
  • Mr. Lalit Vitthal Waankhede resigned as Non-Executive Director.
  • Changes are effective from October 5, 2026.