MIRC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
MIRCELECTR · price
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MIRC Electronics (owner of the Onida brand) has informed BSE and NSE that it has published newspaper notices on June 24, 2025 regarding its upcoming Rights Issue Record Date. The notices appeared in Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi, the regional language of Maharashtra where the company is registered). The rights issue consists of 49,49,647 equity shares of face value Rs. 1 each, offered at Rs. 10 per share (including a Rs. 9 premium), in the ratio of 3 equity shares for every 14 equity shares held on the record date. The issue is scheduled to open on July 28, 2025, with the last date for on-market renunciation being August 13, 2025. The communication was signed by Chairman & Managing Director Vijay Mansukhani.
Existing shareholders of MIRC Electronics will be entitled to subscribe to the rights issue in the 3:14 ratio, offering a chance to maintain or grow their holdings. Watch the stock for activity around the record date and issue opening, as rights entitlement trades separately and is often priced at a discount to the share price.