MIRC Electronics Limited — Others, 14-08-2025: Shareholders meeting

MIRC Electronics has announced an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for a preferential issue of equity shares. The company plans to issue up to 8.89 Cr shares at Rs. 16.81 each, aiming to raise Rs. 149.52 Cr. These shares will be allotted to four non-promoter entities. The funds are earmarked for working capital (Rs. 112.52 Cr) and general corporate purposes (Rs. 37 Cr). This capital infusion is vital for supporting business growth and operations. While it will modify the shareholding pattern, the EGM notice clarifies no change in company management or control is expected.