MIRC Electronics Limited has convened an Extra-Ordinary General Meeting (EGM) scheduled for Monday, June 8, 2026, at 3:30 p.m. (IST), to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting has been called in compliance with Regulation 30(2) and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The sole special business on the agenda is the approval of a preferential issue of convertible warrants to public category investors.

Preferential Issue of Convertible Warrants

The Board of Directors, at its meeting held on May 16, 2026, approved raising of funds up to Rs. 65,99,99,753.60 (Rupees Sixty-Five Crores Ninety Nine Lakhs Ninety Nine Thousand Seven Hundred Fifty Three and Paise Sixty only) through the issuance of up to 1,87,49,993 (One Crore Eighty Seven Lakhs Forty Nine Thousand Nine Hundred and Ninety Three) Convertible Warrants at an issue price of Rs. 35.20 per warrant (including a securities premium of Rs. 34.20 per warrant), subject to member and regulatory approvals. Each warrant entitles the holder to subscribe to one fully paid-up equity share of face value Re. 1/- each. The warrants may be exercised within 18 months from the date of allotment, and the allotment is proposed entirely to persons belonging to the Non-Promoter (Public) category.

The relevant date for determining the floor price under Chapter V of the SEBI ICDR Regulations is Friday, May 8, 2026, being 30 days prior to the EGM date. The floor price as per the SEBI ICDR Regulations pricing formula is Rs. 35.12, derived as the higher of the 90-trading-day VWAP of Rs. 31.55 and the 10-trading-day VWAP of Rs. 35.12, both preceding the relevant date. The Board has approved an issue price of Rs. 35.20 per warrant, which is not less than the computed floor price.

Proposed Allottees and Warrant Distribution

The following table details the 13 proposed allottees, all belonging to the Public (Non-Promoter) category, along with the maximum number of warrants proposed to be issued and the corresponding total amounts:

All proposed allottees hold NIL pre-issue shareholding in the company. None of the Directors, Promoters, Key Managerial Personnel, or Senior Management of the company intend to subscribe to the warrants pursuant to this preferential issue.

Utilisation of Issue Proceeds

The company intends to deploy the proceeds from the preferential issue across three defined objects within 18 months from the date of allotment of equity shares/warrants, as outlined below:

Not more than 25% of the consideration received shall be utilised for general corporate purposes. Pending full utilisation, the proceeds may be invested in money market instruments, liquid funds, deposits in scheduled commercial banks, or government securities, as permitted under applicable laws.

Shareholding Pattern: Pre and Post Preferential Issue

The indicative shareholding pattern before and after the preferential issue (assuming full conversion of warrants) is as follows:

There will be no change in the composition of the Board, nor any change in the control and management of the company, consequent to the proposed preferential issue.

E-Voting and EGM Participation Details

The company is providing remote e-voting facility through National Securities Depository Limited (NSDL) to members holding shares as on the cut-off date of Monday, June 1, 2026. Key dates and details are as follows:

• Remote e-voting period: Friday, June 5, 2026 (9:00 a.m.) to Sunday, June 7, 2026 (5:00 p.m.)
• EGM date and time: Monday, June 8, 2026 at 3:30 p.m. (IST) via VC/OAVM
• Scrutinizer: CS Mahesh Darji, Practising Company Secretary (Membership No. F7175, CP No. 7809)
• Company website: www.onida.com
• Investor email: investors@onida.com

Members who have already cast their vote through remote e-voting may attend the EGM but will not be eligible to vote again. The EGM notice has been dispatched electronically to members whose email IDs are registered with the company or depository participants, in compliance with applicable MCA and SEBI circulars.

MIRC Electronics has notified the stock exchanges of a Board of Directors meeting scheduled for Saturday, May 16, 2026, pursuant to Regulation 29 and other applicable provisions of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. The intimation, dated May 13, 2026, was addressed to both the National Stock Exchange of India Limited and BSE Limited.

Fund-Raising Proposal on the Agenda

The primary agenda of the upcoming board meeting is to consider and approve a proposal for raising funds through the issuance of one or more financial instruments. The board will evaluate multiple routes and instrument types, subject to requisite regulatory and statutory approvals, including shareholder approval.

The key details of the proposed fund-raising are outlined below:

Trading Window Closure

In accordance with the MIRC Electronics Limited - Code for Insider Trading & Fair Disclosure of Unpublished Price Sensitive Information, adopted under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the company has announced the closure of the Trading Window. The Trading Window for dealing in the equity shares of the company shall remain closed for all concerned Designated Persons and their immediate relatives until 48 hours from the declaration of the audited financial results for the quarter and financial year ended March 31, 2026, as approved by the Board of Directors and filed with the stock exchanges.

The board meeting intimation was signed by Kaval Mirchandani, Managing Director (DIN: 01179978), on behalf of MIRC Electronics Limited.