MIRC ELECTRONICS LTD.

Onida Electronics Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code. The trading window will be shut from July 1, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026. Directors, designated employees, and other covered individuals are prohibited from trading during this period. The exact date for the Board of Directors' meeting to approve these financial results will be communicated later.

Mirc Electronics Ltd. announced the audited financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors approved the results in their meeting held on May 20, 2026. M/s. M M Nissim & Co LLP have been re-appointed as the statutory auditors for a term of five years, subject to shareholder approval. The auditors have issued an unmodified opinion on the financial results.

Mirc Electronics Ltd has appointed M/s. M M Nissim & Co LLP, Chartered Accountants, as Statutory Auditors for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting. The appointment was approved during the Board of Directors meeting held on May 20, 2026. The board also approved the audited financial statements for the fourth quarter and financial year ended March 31, 2026, along with the auditor's report with an unmodified opinion.

Mirc Electronics Ltd's board approved the audited financial statements for the fourth quarter and financial year ended March 31, 2026. M/s. M M Nissim & Co LLP, Chartered Accountants, have been appointed as Statutory Auditors for a five-year term, subject to shareholder approval. The board meeting, held via video conferencing, commenced at 4:47 p.m. and concluded at 7:22 p.m.

Mirc Electronics Ltd has announced an Extraordinary General Meeting (EGM) scheduled for Monday, June 08, 2026, at 3.30 p.m. (IST) via Video Conferencing/Other Audio-Visual Means. The meeting complies with Regulation 30(2) and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The EGM notice and explanatory statement are being sent electronically to members with registered email IDs. Remote e-voting will be available from June 05, 2026, to June 07, 2026, through National Securities Depository Limited.

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.

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.

Mirc Electronics Ltd has scheduled a meeting of its Board of Directors on May 20, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The meeting is being held pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mirc Electronics Ltd. responded to BSE's inquiry regarding the price movement of its securities, stating that the movement is purely market-driven. The company clarified that the management has no control over or knowledge of the reasons for the price fluctuations. Mirc Electronics affirms its commitment to complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mirc Electronics Ltd shareholders approved two special resolutions at an Extra-Ordinary General Meeting on April 29, 2026. The first resolution grants 2,95,00,000 Employee Stock Options to CEO Mr. Gunjan Srivastava under the MIRC Employee Stock Option Plan 2023. This includes 90,00,000 time-based options vesting over five years at an exercise price of ₹11.40, and 2,05,00,000 performance-based options linked to cumulative operating EBITDA targets (₹100 Cr for FY27-FY30 and ₹400 Cr for FY27-FY32) at an exercise price of ₹16.81. The second resolution approves changing the company's name from "MIRC Electronics Limited" to "Onida Electronics Limited" to align with its flagship brand, enhance recall, and eliminate market confusion. The name change will be effective upon receiving a fresh Certificate of Incorporation from the Registrar of Companies.