MIRC Electronics Limited — Others, 25-07-2025: Shareholders meeting

MIRC Electronics reported a significantly reduced loss of 2.30 Cr for FY2024-25, compared to 62.21 Cr in the prior year, on revenues of 746.69 Cr. The company held its 44th Annual General Meeting to approve financial statements and key management changes, including Mr. Vijay Mansukhani's appointment as Chairman & Managing Director. The board has approved a rights issue up to 50 Cr, receiving in-principal stock exchange approvals. Operational highlights show AC sales jumped 55% and LED/Panel sales rose 11%, though Washing Machines declined 22%. Auditors noted internal control gaps that management is addressing.