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Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products
MIRC Electronics Limited is changing its name to Onida Electronics Limited. The stock symbol will update from MIRCELECTRON to ONIDA, reflecting the core brand.
MIRC Electronics Limited officially rebranded as Onida Electronics Limited after receiving its incorporation certificate. This move formalizes the well-known consumer electronics brand identity, impacting market perception.
MIRC Electronics clarified its Employee Stock Option Plan for 1.6 million options. It corrected the reference date used in the pricing formula for the 30% discounted exercise price, ensuring accuracy in calculating the options' value.
MIRC Electronics' statutory auditors resigned. The Audit Committee confirmed no disputes or impact on financial integrity. Management pledged to resolve operational gaps and ensure timely information moving forward.
MIRC Electronics' members have approved issuing equity shares on a preferential basis. This enables the company to raise capital, strengthening its financial position and fueling future business growth.