Board accepts Non-Executive Director's resignation, effective October 05, 2026

Board of Mercury EV-Tech Ltd has accepted the resignation of Mr. Lalit Vitthal Waankhede (DIN: 00556938) as Non-Executive Director, with effect from October 05, 2026.

Mon 5 Oct 2026

Director Resigning

Mr. Lalit Vitthal Waankhede (DIN: 00556938) as Non-Executive Director

Effective Date

with effect from October 05, 2026

Resignation Letter Date

08 June 2026

Reason for Resignation

"pre-occupation"

Shareholding in the company

NIL

What was disclosed

Mercury EV-Tech Limited has informed BSE Limited and the National Stock Exchange of India Ltd. that its Board of Directors, in a meeting held on Monday, October 05, 2026, accepted the resignation of Mr. Lalit Vitthal Waankhede (DIN: 00556938) from the position of Non-Executive Director of the Company, with effect from October 05, 2026.

Who has stepped down

• He was a Non-Executive Director, that is, a board member who is not part of the company's day-to-day management team.
• His resignation letter is dated 08 June 2026, and the Board accepted the resignation with effect from October 05, 2026.
• He has also stepped down from the membership of the Committees of the Board on which he served.

Reason stated in the letter

The resignation letter states that the resignation is being tendered "due to pre-occupation". The company's annexure refers to the resignation letter enclosed with it for the reasons.

Details given in the annexure

• Shareholding in the company: NIL.
• Disclosure of relationships between directors: NIL.
• Brief profile: Not Applicable.
• Information required pursuant to the BSE Circular with ref No. LIST/COMP/14/2018-19 dated June 20, 2018: Not applicable.

How such a development is generally read

• This is a change at the board level. The person stepping down is a non-executive director, not an executive handling operations.
• The exit of a director is a governance-related event that investors often watch, and the stated reason in the letter is pre-occupation.
• The annexure records that he held NIL shares in the company.

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