Business Update15 May 2026, 12:31 pm
Mercury Ev-Tech MA Report for Quarter Ended March 31, 2026
AI Summary
Mercury Ev-Tech Ltd has released a Monitoring Agency (MA) Report for the quarter ended March 31, 2026, pertaining to the utilization of proceeds from a Preferential Issue of Equity Shares & Convertible Warrants. The report, issued by Crisil Ratings Limited, confirms that there were no deviations from the stated objectives and no utilization during the quarter, with unutilized proceeds parked in fixed deposits and current accounts.
Key Highlights
- Mercury Ev-Tech releases Monitoring Agency Report for Q4 2026.
- Report confirms no deviation from the objects of the preferential issue.
- Crisil Ratings Limited is the Monitoring Agency.
- No utilization of issue proceeds during the reported quarter.
- Unutilized proceeds are parked in fixed deposits and current accounts.