Quarterly Updates15 May 2026, 05:31 pm
Mirc Electronics: No Deviation in Preferential Issue Proceeds
AI Summary
Mirc Electronics Ltd reports no deviation or variation in the use of proceeds from its preferential issue for the fourth quarter and year ended March 31, 2026. This is based on the Independent Monitoring Agency Report from Acuité Ratings & Research Limited. The Audit Committee approved the statement on May 15, 2026. The funds raised through the preferential issue were allocated to working capital (₹11252 Lacs) and general corporate purposes (₹3700 Lacs), with no deviations observed in their utilization.
Key Highlights
- Mirc Electronics confirms no deviation in use of preferential issue proceeds.
- Acuité Ratings & Research Limited served as the Independent Monitoring Agency.
- Funds allocated to working capital (₹11252 Lacs) and general corporate purposes (₹3700 Lacs).
- Audit Committee approved the statement on deviation or variation on May 15, 2026.
- Report covers the fourth quarter and year ended March 31, 2026.
Price Impact
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