MIRC Electronics Limited has informed the Exchange regarding allotment of 88949900 securities pursuant to Preferential Issue at its meeting held on October 09, 2025
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MIRC Electronics Limited has allotted 88,949,900 securities (approximately 8.89 crore shares) to specific investors through a Preferential Issue. The allotment was approved at the company's board meeting held on October 9, 2025. Preferential issues allow companies to raise capital from selected investors at a predetermined price without offering shares to the general public. The company has now completed the allotment process, meaning investors have been issued the shares and the capital has been raised.
This preferential allotment will dilute existing shareholders' ownership but brings fresh capital into the company. For investors, the impact depends on the use of funds and whether new investors have been allotted shares at attractive prices.