Board Meeting16 May 2026, 07:31 pm
Mirc Electronics to Raise ₹65.99 Cr via Warrants
AI Summary
Mirc Electronics Ltd's board approved raising up to ₹65.99 crore through the issuance of 1,87,49,993 warrants convertible into equity shares at ₹35.20 each, including a premium of ₹34.20 per share, on a preferential basis. The board also reviewed the deviation statement from Acuité Ratings & Research Limited. An Extraordinary General Meeting (EGM) is scheduled for June 8, 2026, to seek shareholder approval for the fundraise.
Key Highlights
- Mirc Electronics to raise up to ₹65.99 Cr via warrant issuance.
- 1,87,49,993 warrants to be issued at ₹35.20 per warrant.
- EGM scheduled for June 8, 2026, to approve the fund raising.
- Board reviewed deviation statement by Acuité Ratings & Research Limited.
Price Impact
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