Mercury Ev-Tech Ltd: Crisil Ratings Report on Preferential Issue Proceeds Utilization for Q4 2025

Crisil Ratings Limited, the Monitoring Agency, has submitted a report on the utilization of proceeds from the Preferential Issue (PI) of Mercury EV-Tech Limited for the quarter ended December 31, 2025. The report confirms that all utilization is as per the disclosures in the Offer Document and there are no deviations from the objects of the issue. The unutilized proceeds are parked in fixed deposits and current accounts with a bank. Crisil Ratings shall continue to monitor the issue proceeds amount.