Authum Investment & Infrastructure Limited — Important, 09-10-2025: Disclosure of material issue

Authum Investment (#AuthumInv) has significantly ramped up its stake in MIRC Electronics (#MIRCElectronics), acquiring 7.83 crore new equity shares through a preferential allotment. This boosts Authum's total holding in MIRC to 21.25%, with an investment of Rs. 131.62 Cr at Rs. 16.81 per share.

**The Issue:** MIRC, a consumer electronics player (known for Onida) with a net worth of INR 125.72 Cr (FY25), has seen its turnover decline from INR 1112.66 Cr (FY23) to INR 757.42 Cr (FY25).

**Possible Impact:** Authum's substantial investment is aimed at providing MIRC with crucial working capital and supporting its growth strategy. This capital injection could be key for MIRC to reverse its recent financial trends and regain momentum in the competitive consumer durable sector.

**Company’s Response:** Authum has committed to maintaining its 21.25% stake, signaling a strategic long-term partnership to help MIRC sustain its growth trajectory and revitalize its operations.

#EquityInvestment #ConsumerDurables #WorkingCapital #StrategicStake