We hereby submit the Monitoring Agency Report for fourth quarter and year ended March 31, 2026.
MIRCELECTR · price
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MIRC Electronics Limited (Onida) has submitted the Q4 FY2025-26 Monitoring Agency Report confirming no deviation or variation in the use of proceeds from a Preferential Issue. The company raised Rs 149.52 crore via allotment on October 9, 2025. Of the total proceeds, Rs 112.52 crore was allocated for Working Capital and Rs 37 crore for General Corporate Purposes. As of March 31, 2026, all Rs 149.52 crore has been fully deployed with nil unutilized amount. The Monitoring Agency, Acuité Ratings & Research Limited, verified that utilization is as per disclosures supported by bank statements, invoices, and independent auditor certificates. The Audit Committee reviewed and approved the report on May 15, 2026, with no comments or objections raised by either the Audit Committee or auditors.
The confirmation of zero deviation is a clean compliance signal for existing shareholders, indicating that the company deployed the preferential issue proceeds exactly as committed. This removes any ambiguity around fund usage and demonstrates adherence to regulatory obligations under SEBI LODR.