MIRC Electronics to Hold EGM on June 8, 2026 for Preferential Issue of Convertible Warrants Worth Rs. 65.99 Crore
Published on: May 17, 2026, 4:55 p.m. | Source: scanx.trade
MIRC Electronics Limited has scheduled an EGM on June 8, 2026, via VC/OAVM to seek member approval for a preferential issue of up to 1,87,49,993 convertible warrants at Rs. 35.20 per warrant, aggregating Rs. 65,99,99,753.60, to 13 Non-Promoter (Public) category allottees. The Board approved the fundraise at its meeting on May 16, 2026, with proceeds to be deployed towards working capital (Rs. 38.00 crore), general corporate purposes (Rs. 16.00 crore), and debt repayment (Rs. 11.99 crore) within 18 months. Remote e-voting via NSDL is available from June 5 to June 7, 2026, with a record/cut-off date of June 1, 2026. No change in management or control of the company is anticipated as a result of this preferential issue.
