Mercury Ev-Tech Limited has announced a leadership change at the board level, confirming that the Board has accepted the resignation of Lalit Vitthal Waankhede as a Non-Executive Director, with effect from October 5, 2026. The move underscores ongoing governance adjustments as the company advances its strategic agenda in the electric-vehicle technology space.
Waankhede’s departure, cited in the notice as being for reasons stated in his resignation letter, leaves a vacancy on the board that the company will address in line with its governance processes. The company’s leadership has indicated that the departure will be managed through the standard board-refresh mechanisms, with continuity and oversight remaining a priority for the organization.
Industry watchers will be watching how Mercury Ev-Tech navigates this transition, particularly as it continues to expand its footprint in EV technology. While no immediate replacements are disclosed, the board’s composition and the timing of any appointment will be shaped by the company’s long-term objectives and governance requirements.
In the meantime, Mercury Ev-Tech emphasizes its commitment to steady leadership and strategic execution, signaling that governance and accountability will remain at the forefront as it pursues its growth trajectory in a competitive market.