Mirc Electronics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/07/2025 ,inter alia, to consider and approve issuance of Unlisted, Secured ....
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Mirc Electronics Ltd has informed BSE that its Board of Directors will meet on 2nd July 2025. The agenda includes considering and approving the issuance of unlisted, secured securities. The full nature of the instrument (debentures or otherwise) is not disclosed in the available text. No pricing, quantum, or use of proceeds details are mentioned. Shareholders should wait for the post-meeting outcome for complete information.
This is a pre-announcement of a potential fundraising or capital raise. Depending on the size and terms of the issuance, it could lead to dilution or increased debt burden for existing shareholders. Watch for the detailed announcement after the board meeting on 2nd July.