MIRC Electronics Limited — Board Meeting, 02-07-2025: Outcome of Board Meeting

MIRC Electronics has announced a board meeting to approve raising up to Rs 60 Cr via unsecured, redeemable, secured NCDs through a private placement with a Neo Asset Management fund. The NCDs will have a 36-month tenure with monthly interest payments; terms will be finalized later. The Finance Committee has been reconstituted and granted delegated powers to oversee financial decisions. This fundraise aims to strengthen the company’s capital base and support its growth plans.