MIRC Electronics Limited has informed the Exchange regarding Corrigendum to Other
MIRCELECTR · price
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MIRC Electronics Limited (maker of Onida) has issued a corrigendum to its earlier June 24, 2025 advertisement regarding the Record Date for its upcoming Rights Issue. The Record Date has been revised from Friday, June 27, 2025 to Monday, June 30, 2025 for determining shareholder entitlement to apply for Rights Equity Shares. The issue comprises 4,54,89,847 equity shares of face value Re. 1 each at a price of Rs. 100 per share (including premium) in the ratio of 3 equity shares for every 14 equity shares held. All other terms of the Rights Issue remain unchanged. The corrigendum was published in Financial Express, Jansatta and Navshakti on June 26, 2025.
Shareholders who buy or hold MIRC Electronics shares by Monday, June 30, 2025 will be eligible to apply for the Rights Issue instead of the earlier cutoff of June 27. Existing shareholders on the new record date get the right to subscribe to 3 new shares for every 14 held, which is dilutive but gives them priority access to the issue.