The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gulu Mirchandani
ONIDA · price
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Awaiting price reaction for this filing.
Gulu Mirchandani, acting as Trustee of the GLM Family Trust (part of the Promoter Group), has disclosed the acquisition of 1,15,03,797 equity shares of Mirc Electronics Ltd through the company's Rights Issue on August 6, 2025. Before the rights issue, the promoter held 5,36,84,390 shares (23.24% of the pre-issue capital of 23.09 crore shares). After subscribing to the rights issue, the holding increased to 6,51,88,187 shares, but the percentage stake remained unchanged at 23.24% of the expanded post-issue capital of 28.04 crore shares. The transaction is part of a proportional rights entitlement, indicating the promoter maintained rather than increased their relative ownership. Mirc Electronics is the company behind the Onida brand, listed on both BSE (500279) and NSE (MIRCELECTR).
This is a neutral event for shareholders — the promoter simply maintained their ownership proportion by taking up their rights entitlement, showing continued commitment to the company. No change in control or voting power, so no expected price impact from this disclosure alone.