MIRC Electronics Limited has informed the Exchange about General Updates
MIRCELECTR · price
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MIRC Electronics Limited (the Onida brand) has approved a rights issue of up to Rs. 49,48,98,469 (about Rs. 49.49 crores) through its Rights Issue Committee meeting held on June 24, 2025. The company will issue 4,94,89,847 equity shares of Re. 1 face value at Rs. 10 per share (including a premium of Rs. 9) in the ratio of 3 shares for every 14 shares held by existing shareholders. The record date to determine eligible shareholders is Monday, June 30, 2025. The issue will open on July 14, 2025 and close on July 21, 2025. In-principle approvals have already been received from both NSE and BSE.
Eligible shareholders must decide whether to subscribe to their entitlement by July 21, 2025 or let it lapse, which could result in dilution of their holding. If fully subscribed, the rights issue will increase the share count by about 21.4%, and the company will raise fresh equity capital of around Rs. 49.49 crores for business purposes.