MIRC Electronics Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

MIRC Electronics (Onida) has approved its Q1 FY26 results, reporting a revenue of ₹140.85 Cr and a net loss of ₹12.49 Cr. The board also gave a nod to a significant fundraising plan: a preferential issue of up to 8.89 crore new equity shares at ₹16.81 each. This capital raise, aimed at key investors including Authum Investment, will dilute existing shareholders, taking Authum's stake to 21.25%. Shareholder approval for this issue will be sought at an Extra Ordinary General Meeting on September 6, 2025.