Outcome of Board Meeting
ONIDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mirc Electronics reported a net loss of Rs. 7,474 lakhs for FY2026, significantly higher than the loss of Rs. 230 lakhs in FY2025. Revenue from operations declined to Rs. 66,001 lakhs from Rs. 74,669 lakhs (approx. 11.6% drop). The company undertook major restructuring during the year, recognizing exceptional items including inventory write-down of Rs. 2,939 lakhs, restructuring costs of Rs. 240 lakhs, partially offset by gains on sale of non-core assets of Rs. 2,056 lakhs. To strengthen liquidity, the company raised Rs. 25,000 lakhs through NCDs (Rs. 6,000 lakhs), rights issue (Rs. 4,048 lakhs), and preferential allotment (Rs. 14,952 lakhs). Statutory auditors M M Nissim & Co LLP issued an unmodified opinion on the financial results.
The company posted a significant loss with declining revenue and negative operating cash flow of Rs. 10,718 lakhs, indicating serious financial stress. The large fund raise provides liquidity but shareholders face dilution from equity issuances. The stock may face pressure due to the substantial loss and operational challenges.