Independent Monitoring Agency Report for the Fourth quarter and year ended March 31, 2026.
ONIDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mirc Electronics (Onida brand) has filed its quarterly monitoring agency report confirming zero deviation in utilization of Rs 149.52 crore raised via preferential issue on October 9, 2025. The funds have been fully deployed: Rs 112.52 crore for Working Capital and Rs 37 crore for General Corporate Purpose. Acuité Ratings & Research, the appointed monitoring agency, verified utilization through bank statements, invoices, and independent auditor certificates. Both the Audit Committee and auditors have stated no comments or concerns. The company is operating in the Consumer Electronics/Consumer Durables sector, with promoters being Mr. Gulu Mirchandani and Mr. Vijay Mansukhani.
This is a routine compliance filing with no direct impact on the stock. It confirms the company has deployed capital as committed to investors, which is positive from a corporate governance perspective.