MIRC Electronics Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2025
MIRCELECTR · price
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MIRC Electronics (popularly known by its Onida brand) held its 44th Annual General Meeting on August 18, 2025, through video conferencing. With Chairman Vijay Mansukhani unwell, Managing Director Kaval Mirchandani presided over the meeting, which lasted 37 minutes from 3:00 p.m. to 3:37 p.m. Nine resolutions were transacted, covering adoption of FY25 audited financial statements, re-appointment of Mr. Shirish Suvagia as a director retiring by rotation, appointment of Mr. Sasha G. Mirchandani as Non-Executive Director, re-appointment of Mr. Kaval Mirchandani as Managing Director (re-designated from Whole Time Director), re-appointment of Mr. Shirish Suvagia as Whole Time Director and Ms. Mohita Arora as Independent Director, appointment of M/s. Ragini Chokshi & Co. as Secretarial Auditors, alteration of the Articles of Association, and ratification of Cost Auditor remuneration for FY26. Remote e-voting ran from August 15-17, 2025, and the scrutinizer Mr. Mahesh Darji will announce the voting results separately within the stipulated timeframe. Five shareholders raised questions, which the management addressed during the meeting.
This is a routine procedural disclosure confirming the AGM was held on schedule; the actual voting outcomes on all nine resolutions are pending in a forthcoming scrutinizer's report. No immediate material impact on the stock is expected, though shareholders should watch for the final results, particularly on the re-designation of Mr. Kaval Mirchandani as Managing Director and the proposed alteration to the Articles of Association.