Latest news about MIRC Electronics
MIRC Electronics
39.36
+0.75(+1.94%)
Company Performance:
View Company Insights1D+1.94%
1M+24.20%
6M+57.44%
1Y+198.41%
5Y+139.71%
More news about MIRC Electronics
25Apr 26
MIRC Electronics Limited Announces Special Window for Physical Securities Transfer and Dematerialisation
MIRC Electronics Limited announced a special window for transfer and dematerialisation of physical securities sold/purchased prior to April 01, 2019, following SEBI circular dated January 30, 2026. The company published newspaper advertisements on April 24, 2026, informing shareholders about this facility which addresses transfer deeds that were not lodged or were rejected due to document deficiencies. Securities transferred will be credited in demat form with a one-year lock-in period.
17Apr 26
MIRC Electronics Board Approves Redevelopment or Sale of Onida House in Mumbai
MIRC Electronics board has approved plans for either redevelopment or sale of Onida House property in Mumbai. The company has specifically assured that no job cuts will result from this corporate decision, demonstrating commitment to workforce stability during the property transition process.
14Apr 26
MIRC Electronics Submits Q4FY26 Compliance Certificate Under SEBI Depositories Regulations
MIRC Electronics Limited filed its Q4FY26 compliance certificate under SEBI Depositories Regulations on April 14, 2026. The certificate, covering the quarter ended March 31, 2026, was issued by registrar MUFG Intime India Private Limited and confirmed proper processing of all dematerialisation requests within prescribed timelines. No rematerialisation requests were received during the quarter, and all security certificates were properly mutilated and cancelled after verification.
08Apr 26
MIRC Electronics Confirms Newspaper Publication for EGM Notice Dispatch
MIRC Electronics Limited has confirmed the newspaper publication of its Extra-Ordinary General Meeting notice dispatch scheduled for April 29, 2026. The company published advertisements in Financial Express (English) and Navshakti (Marathi) newspapers through MUFG Intime India Private Limited as Registrar & Transfer Agent, ensuring compliance with SEBI LODR Regulations 30 and 47. The EGM will address CEO stock option approval and company name change to Onida Electronics Limited.
01Apr 26
MIRC Electronics Board Approves 2.95 Crore Stock Options Grant to CEO
MIRC Electronics concluded its March 31, 2026 board meeting with approval of a substantial 2.95 crore stock options grant to CEO Gunjan Srivastava under two components - 90 lakh time-based options at ₹11.40 and 2.05 crore performance-based options at ₹16.81. The board also approved vesting of 4.58 lakh ESOPs for employees and scheduled an EGM for April 29, 2026, to consider the proposed company name change.
11Feb 26
MIRC Electronics Reports Q3 FY26 Net Loss of ₹1,311 Lakhs Despite Revenue Growth
MIRC Electronics Limited reported a net loss of ₹1,311 lakhs for Q3 FY26 ended December 31, 2025, significantly higher than the ₹527 lakhs loss in Q3 FY25, despite revenue growth of 27.2% to ₹21,549 lakhs. For the nine-month period, the company posted a net loss of ₹2,738 lakhs on total income of ₹52,212 lakhs. The company successfully raised ₹14,952 lakhs through preferential issue with no deviation in fund utilization as confirmed by the monitoring agency.
30Jan 26
MIRC Electronics Appoints Gunjan Srivastava as Chief Executive Officer Effective February 2026
MIRC Electronics Limited has appointed Mr. Gunjan Srivastava as Chief Executive Officer effective 1st February, 2026, following Board approval on 30th January, 2026. Mr. Srivastava brings over 33 years of global leadership experience across consumer and technology brands, with expertise in P&L management, strategic transformation, and operational excellence. His most recent role was CEO of BSH Home Appliances UK & Ireland, and he has previously held senior positions at Sennheiser Electronics India, Philips, Gillette, Wipro, and Apollo Healthcare.
16Jan 26
MIRC Electronics EOGM Approves ESOP Modification and Auditor Appointment
MIRC Electronics Limited completed its EOGM on January 16, 2026, with shareholders approving the modification of the Employee Stock Option Plan 2023 Scheme and confirming M M Nissim & Co LLP as new statutory auditors. The appointment fills the casual vacancy created by ASA & Associates LLP's resignation and ensures audit continuity for the financial year ending March 31, 2026.
13Nov 25
MIRC Electronics Reports Loss, Completes Multiple Fund Raising Activities
MIRC Electronics, known for Onida brand, reported a loss before tax of Rs 1,427.00 lakhs for the half year ended September 30, 2025. The company completed a rights issue raising Rs 4,948.00 lakhs, issued non-convertible debentures worth Rs 6,000.00 lakhs, and approved a preferential allotment of shares worth Rs 14,952.00 lakhs. They also sold property in Mumbai for a profit of Rs 2,056.00 lakhs. An EGM is scheduled for January 16, 2026, to approve a revised Employee Stock Option Scheme and executive compensation changes. The company provided a detailed breakdown of fund utilization from the rights issue, with no reported deviations.
08Sept 25
MIRC Electronics Shareholders Overwhelmingly Approve Preferential Equity Share Issue
MIRC Electronics Limited, known for the Onida brand, received overwhelming shareholder support for its plan to issue equity shares on a preferential basis. At an Extra-Ordinary General Meeting held on September 6 via video conferencing, 99.99% of valid votes were cast in favor of the special resolution. Out of 196 participating members, 150,117,580 votes were in favor, while only 1,052 were against. The scrutinizer, Mahesh M. Darji, confirmed that the resolution secured the requisite majority. This decision could provide MIRC Electronics with additional capital for strategic initiatives.
14Aug 25
MIRC Electronics Secures ₹149.5 Crore Through Preferential Share Issue Amid Q1 Losses
MIRC Electronics, the company behind Onida, has approved a preferential share issue to raise ₹149.50 crore by issuing 8.89 crore equity shares at ₹16.81 each to four investors. Post-allotment, these investors will hold about 24% of the company's equity. The company also reported Q1 financial results with a revenue of ₹140.85 crore and a net loss of ₹12.49 crore. This capital raise follows earlier fundraising efforts, including a rights issue and approval for NCDs worth up to ₹60 crore.
13Aug 25
MIRC Electronics Reports Widened Q1 Loss, Plans Preferential Share Issue
MIRC Electronics, known for Onida brand, reported a net loss of 12.49 crore rupees in Q1 FY2026, up from 0.44 crore rupees loss year-over-year. Revenue declined 38.17% to 140.85 crore rupees. The company plans to issue up to 8,89,49,900 preferential shares at 16.81 rupees each to raise capital. Board approval obtained for the issue, with Authum Investment & Infrastructure Limited as the largest allottee. Additional corporate actions include completion of a rights issue and issuance of non-convertible debentures.
08Aug 25
MIRC Electronics: Promoter Group Entities Boost Stakes in Rights Issue
MIRC Electronics, the company behind Onida, has completed a rights issue dated August 6, 2025, increasing its equity share capital from 23,09,52,619 to 28,04,42,464 shares. Key promoter entities GLM Family Trust and Gulita Securities Limited acquired additional shares, maintaining their stakes at 23.24% and 11.79% respectively in the enlarged capital. The company has scheduled a board meeting for August 13, 2025, to approve Q2 results and discuss potential fund-raising options.
20May 25
MIRC Electronics Reports Improved Q4 Results, Swings to Profit
MIRC Electronics released Q4 financial results, showing a significant turnaround in profitability despite revenue decrease. Revenue fell 32.7% YoY to ₹2.00 billion. The company narrowed its Loss Before Tax to ₹10.50 million from ₹511.10 million last year. Notably, it reported a standalone net profit of ₹11.80 million, reversing the ₹511.00 million loss from the previous year. An exceptional item of ₹22.30 million was included in the results.
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