MIRC Electronics Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 29, 2026
MIRCELECTR · price
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MIRC Electronics Limited held an Extraordinary General Meeting on April 29, 2026 via video conferencing. Two special business items were transacted: (1) Grant of Employee Stock Options equal to or exceeding 1% of issued capital to CEO Gunjan Srivastava under the MIRC Employee Stock Option Plan 2023, and (2) Change of company name from 'MIRC Electronics Limited' to 'Onida Electronics Limited' with consequent changes to Memorandum and Articles of Association. Remote e-voting was available from April 26-28, 2026, with Mr. Mahesh Darji appointed as Scrutinizer. The meeting lasted 25 minutes and concluded at 3:55 PM. Detailed voting results will be submitted to exchanges within the stipulated time.
The ESOP grant to the CEO exceeding 1% of capital aligns executive interests with shareholders. The name change from MIRC to Onida reflects brand consolidation around the well-known Onida brand name, potentially strengthening brand identity.