MIRC Electronics Limited

Investor Call Update

Onida Electronics Limited (formerly known as MIRC Electronics Limited) has released the audio recording of its conference call with investors, which took place on November 04, 2026. The call was conducted to discuss the operational and financial performance of the company for the second quarter (Q2) and the half-year (H1) ended September 30, 2026.

Key Details

Shareholders and investors can access the audio recording through the link provided in the official exchange filing to review the management's commentary and insights regarding the company's performance during the specified period.

Key Highlights

Financial Snapshot

For Q2 FY27, the company reported a consolidated revenue of Rs 198.64 crore compared to Rs 163.31 crore in the previous year, representing a 22% increase. However, profitability was significantly impacted, with a net loss of Rs 39.84 crore against a loss of Rs 1.78 crore in the corresponding quarter of the previous year. For H1 FY27, total revenue stood at Rs 381.05 crore compared to Rs 304.16 crore in H1 FY26.

Revenue and Operating Performance

• Segment Growth: The air conditioner business recorded a 239% YoY growth in Q2 FY27. The LED TV business grew 52% YoY.
• E-Commerce: The e-commerce channel experienced 169% YoY growth in H1 FY27, driven by air conditioners and washing machines.
• Market Share: Based on sell-out data, the company reported gaining market share in the e-commerce channel for air conditioners in September 2026.
• Network Expansion: The company added 127 new direct dealers and 57 distributors, which contributed 12% of the total revenue.

Concerns and Watch Points

• Margin Pressure: Management noted that gross margin expansion was not in line with expectations, impacting overall financial results.
• Rising Costs: The geopolitical situation resulted in increased component costs across all product categories.
• Segment Performance: Growth in the washing machine segment was noted as lower compared to the air conditioner and LED segments.
• Operational Efficiency: Management acknowledged that customer service improvements have proceeded at a slower pace than desired.

Management Commentary and Guidance

Managing Director & CEO Gunjan Srivastava stated that the company is currently in the 'Onida Rewired' phase, focusing on affordable premiumisation and innovation-led growth. While acknowledging headwinds from input cost inflation and competitive intensity, the company plans to address these via calibrated pricing, product mix optimization, and tighter cost discipline. Future focus areas include expanding the 'SmartHub' footprint in Tier 2 and Tier 3 cities and improving product availability.

Investor Takeaway

Onida Electronics is undergoing a transformation phase, reflected in strong top-line branded growth and successful product launches like the 100-inch QD Mini-LED TV. However, the widening losses and margin pressures caused by external geopolitical factors remain significant risks. Investors should monitor whether the 'Onida Rewired' strategy can successfully translate revenue growth into improved operational efficiency and reduced losses in the coming quarters.

Key Highlights

Financial Snapshot (Standalone)

Note: Figures converted from Rs Lakhs to Rs Crores for readability.

Profitability Analysis

The company's financial performance shows significant pressure, with the standalone net loss widening to Rs 39.84 crore for the quarter ended September 30, 2026, compared to a loss of Rs 1.78 crore in the year-ago quarter. For the half-year ended September 30, 2026, the company reported a net loss of Rs 54.02 crore, compared to a loss of Rs 14.27 crore in the same period last year. The reported figures for the current quarter include an exceptional item loss of Rs 8.03 crore.

Board and Governance Update

• Appointment: Mr. Rajan Vaidya has been appointed as an Additional Director (Independent) for a consecutive term of five years, effective November 14, 2026, subject to member approval.
• Cessation: Mr. Arvind Sharma will complete his term as an Independent Director on November 13, 2026.

Corporate Action Details

• ESOP Grant: The Board approved the grant of 4,00,000 employee stock options under the MIRC Electronics Employee Stock Option Plan, 2023.
• Allotment: The company allotted 22,060 equity shares of Re. 1/- each at an exercise price of Rs. 14.10 per share.

Registered Office

The Board approved the shifting of the registered office from Onida House, Mahakali Caves Road, Andheri (East) to the 2nd Floor, Opus Centre, 47, Central Road, MIDC, Andheri East, Mumbai, with effect from November 16, 2026.

Concerns and Watch Points

• Financial Performance: The substantial increase in quarterly and half-yearly losses requires monitoring regarding the company's path to operational profitability.
• Exceptional Items: The company recognized an exceptional item loss of Rs 8.03 crore in the current quarter, which weighed on the bottom line.

Investor Takeaway

The filing presents a mixed update for shareholders. While governance changes and administrative updates like the registered office shift are procedural, the core financial results indicate a deterioration in performance compared to the previous year. Investors should monitor the company's ability to manage costs and improve operational efficiency in the coming quarters.

Key Highlights

The Board of Directors of Onida Electronics Limited met on November 3, 2026, and approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. Key board and corporate updates include:

• Board Changes: Appointment of Mr. Rajan Vaidya as an Additional Director (Independent) effective November 14, 2026. Cessation of Mr. Arvind Sharma as Independent Director effective November 13, 2026.
• ESOP Actions: Grant of 4,00,000 options to eligible employees and the allotment of 22,060 equity shares upon exercise of previously vested options.
• Corporate Update: Approval to shift the registered office to a new location in Andheri East, Mumbai, effective November 16, 2026.
• EGM: Scheduled for February 5, 2027.

Financial Snapshot (Standalone)

Note: Figures are converted from Rs. Lakhs as reported in the filing.

Board and Governance Update

• Appointment: Mr. Rajan Vaidya (DIN: 02791536) appointed as an Additional Independent Director for a 5-year term.
• Cessation: Mr. Arvind Sharma (DIN: 01229072) will cease to be an Independent Director upon completion of his term on November 13, 2026.

ESOP and Capital Update

• ESOP Grant: 4,00,000 stock options granted under the 'MIRC Electronics Employee Stock Option Plan, 2023'.
• ESOP Allotment: 22,060 equity shares allotted at an exercise price of Rs. 14.10 per share.
• Warrant Allotment: During the quarter, the company allotted 73,86,362 share warrants to non-promoter shareholders at an issue price of Rs. 35.20 per warrant. The company has received 25% of the application money.

Management Commentary and Guidance

• The company confirmed there is no deviation or variation in the use of proceeds from the preferential issue of convertible equity share warrants, with the funds primarily utilized for working capital.

Concerns and Watch Points

• Financial Performance: The company reported a net loss for the quarter and half-year ended September 30, 2026.
• Office Shift: The registered office is shifting to the 'Opus Centre', Andheri East, Mumbai, effective November 16, 2026.

What This Means for Investors

The company is continuing to manage its capital structure through share warrants and ESOPs. Investors should monitor the progress of the company's financial turnaround efforts, given the continued net losses reported for the quarter and half-year. The upcoming EGM in February 2027 may provide further visibility into management's future strategic objectives.

Financial Performance Summary

Onida Electronics Ltd reported weak financial results for the quarter ended September 30, 2026. While revenue grew, net losses widened significantly compared to the same period last year.

Financial Results Q2 FY2027 (Consolidated)

Note: Converted from Rs Lakhs to Rs Crore.

Management and Governance Changes

• Appointment: The Board approved the appointment of Mr. Rajan Vaidya as an Additional Director (Independent) for a five-year term starting November 14, 2026, subject to member approval.
• Cessation: Mr. Arvind Sharma will cease to be an Independent Director effective November 13, 2026, upon the completion of his term.

Corporate Actions and Operations

• ESOP Grant: The Board approved the grant of 4,00,000 options to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023. These options vest after a minimum of one year and will be priced at a 30% discount to the closing share price on November 3, 2026.
• ESOP Allotment: 22,060 equity shares (face value Re 1) were allotted at an exercise price of Rs 14.10 per share (including premium of Rs 13.10).
• Preferential Issue: The company confirmed that there has been no deviation in the use of funds raised from the preferential issue of convertible equity share warrants, with the full amount (Rs 6.49 crore) utilized for working capital.
• Registered Office: The company will shift its registered office to Opus Centre, Andheri East, Mumbai, effective November 16, 2026.
• EGM Notice: An Extra-Ordinary General Meeting is scheduled for February 05, 2027, to seek necessary member approvals.

What This Means for Investors

The significant widening of quarterly losses is a primary concern, indicating pressure on operational margins despite revenue growth. The management transition in the Board of Directors and the continued issuance of equity/warrants are key areas for shareholders to monitor in upcoming regulatory filings. The company's focus remains on its single operating segment of Consumer Durables.

Financial Snapshot (Quarter Ended September 30, 2026) | Metric | Q2 FY2027 | Q2 FY2026 | Change |

| :--- | :--- | :--- | :--- |
| Revenue from Operations | Rs 198.64 crore | Rs 163.31 crore | Increased |

| Total Loss After Tax | (Rs 39.84 crore) | (Rs 1.78 crore) | Loss Widened | ## Financial Snapshot (Half Year Ended September 30, 2026) | Metric | H1 FY2027 | H1 FY2026 | Change |
| :--- | :--- | :--- | :--- |
| Revenue from Operations | Rs 381.05 crore | Rs 304.16 crore | Increased |
| Total Loss After Tax | (Rs 54.02 crore) | (Rs 14.27 crore) | Loss Widened | The financial results indicate a substantial widening of losses despite an increase in top-line revenue for both the quarter and half-year periods. The company reported a net loss of Rs 39.84 crore in Q2 FY2027 compared to a loss of Rs 1.78 crore in the same period last year. ## Board and Governance Update The Board of Directors approved the appointment of Mr. Rajan Vaidya as an Additional and Independent Director for a consecutive term of five years, effective November 14, 2026. Mr. Vaidya has extensive experience in finance and has held senior positions in multinational companies. Concurrently, Mr. Arvind Sharma will cease to be an Independent Director effective November 13, 2026, upon the completion of his term. ## ESOP and Equity Update The Board approved the grant of 4,00,000 Employee Stock Options (ESOPs) to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023. Additionally, the company allotted 22,060 equity shares of Rs 1 each pursuant to the exercise of vested employee stock options at an exercise price of Rs 14.10 per share. ## Corporate Developments 1. Registered Office Shift: The Board approved shifting the registered office from Onida House, Andheri (East) to Opus Centre, Andheri (East), effective November 16, 2026. 2. Extraordinary General Meeting (EGM): An EGM is scheduled for February 05, 2027, to seek member approval for matters outlined in the EGM notice. 3. Use of Proceeds: The company confirmed no deviation or variation in the use of proceeds from its Preferential Issue of convertible equity share warrants. ## Investor Takeaway Onida Electronics Ltd's latest disclosure reflects a challenging financial period with significantly widened losses despite revenue growth. Investors should monitor management's commentary on the drivers of these losses, including the impact of exceptional items, and the progress of the company's strategic initiatives as outlined in future filings. The change in the Independent Director and the ongoing corporate restructuring, including the office shift, remain notable administrative updates.

Key Highlights

Financial Snapshot

Onida Electronics reported a marked deterioration in financial performance for the quarter ended September 30, 2026 (Q2 FY27).

The company's revenue showed growth on a year-on-year basis, but this was offset by significantly higher expenses, leading to a deepening net loss.

Governance and Board Update

The Board of Directors approved the appointment of Mr. Rajan Vaidya as an Additional Director (Independent) for a five-year term effective November 14, 2026, subject to member approval. This follows the scheduled completion of Mr. Arvind Sharma's term as an Independent Director on November 13, 2026.

Corporate Actions and Operations

• ESOPs: The Board approved the grant of 4,00,000 stock options under the MIRC Electronics Employee Stock Option Plan, 2023.
• Share Allotment: 22,060 equity shares were allotted at an exercise price of Rs 14.10 per share pursuant to ESOP exercises.
• Office Shift: The company will shift its registered office from Onida House, Andheri (East) to the 2nd Floor, Opus Centre, Andheri (East), effective November 16, 2026.
• EGM: An EGM is scheduled for February 05, 2027, to seek necessary member approvals.
• Deviation Statement: The Audit Committee reviewed and confirmed there was no deviation in the use of proceeds from the Preferential Issue of convertible equity share warrants.

Concerns and Watch Points

• Widening Losses: The sharp increase in net loss is the primary concern for stakeholders, as the loss expanded significantly compared to both the year-ago period and the preceding quarter (Q1 FY27 loss of Rs 14.18 crore).
• Operational Efficiency: Management will need to address the rising cost pressures that are outpacing revenue growth.

Key Highlights

• Financial Performance: Reported Q2 FY27 net loss of Rs 39.84 crore compared to a loss of Rs 1.78 crore in Q2 FY26.
• Leadership Changes: Appointed Mr. Rajan Vaidya as an Additional Director (Independent) for a five-year term effective November 14, 2026. Mr. Arvind Sharma to step down upon completion of his term on November 13, 2026.
• Corporate Actions: Allotted 22,060 equity shares at an exercise price of Rs 14.10 per share under the Employee Stock Option Plan 2023. Approved the shifting of the registered office to a new location in Andheri East, Mumbai, effective November 16, 2026.
• ESOP Grant: Approved the grant of 4,00,000 stock options to eligible employees.

Important Figures (Standalone, Unaudited, Rs in Lakhs)

Financial Snapshot

Onida Electronics reported a year-over-year revenue growth of approximately 21.6% in the second quarter of FY27. Despite the higher top-line performance, the company's financial health showed signs of stress as net losses widened substantially to Rs 39.84 crore for the quarter, compared to a net loss of Rs 1.78 crore in the corresponding quarter of the previous year. For the half-year ended September 30, 2026, the company recorded a net loss of Rs 54.02 crore, compared to a loss of Rs 14.27 crore in the same period last year.

Board and Governance Update

• Appointment: The board approved the appointment of Mr. Rajan Vaidya as an Independent Director for a five-year term starting November 14, 2026, subject to member approval. Mr. Vaidya brings over 35 years of experience in finance and has previously held leadership roles at Johnson & Johnson, Procter & Gamble, and Pidilite Industries.
• Resignation: Mr. Arvind Sharma will cease to be an Independent Director of the company effective November 13, 2026, due to the completion of his term.

Corporate Action Details

• ESOP Allotment: The company allotted 22,060 equity shares of Re 1 each following the exercise of vested options. The exercise price was Rs 14.10 per share, including a premium of Rs 13.10.
• Office Relocation: The registered office will shift from Onida House, Mahakali Caves Road, to the 2nd Floor, Opus Centre, Andheri East, Mumbai, effective November 16, 2026.
• EGM Notice: The board approved the notice for an Extra-Ordinary General Meeting (EGM) to be held on February 5, 2027.

Concerns and Watch Points

• Concern: Material increase in quarterly net losses compared to the same period in the previous year.
• Watch Point: The company's ability to stabilize margins and control operational costs, which have contributed to the recent loss widening.

What This Means for Investors

Shareholders should note the leadership transition and the significant increase in quarterly losses. The company is actively pursuing ESOP-linked equity expansion and internal governance updates. Investors should monitor future operational efficiency and the company's strategy to address the widening loss trend.

Key Highlights

Onida Electronics Ltd has formally notified the stock exchanges regarding the schedule for its upcoming earnings conference call to discuss results for the second quarter and half-year ended September 30, 2026.

Meeting Details

The conference call is scheduled for:

Management Participation

The following members of the company's leadership team are expected to participate in the call:

• Mr. Gunjan Srivastava: Managing Director & CEO
• Mr. Manish Desai: Chief Financial Officer

Access Information

The company has provided universal dial-in options and international toll-free numbers for participants in the USA, UK, Singapore, and Hong Kong. Investors and analysts may register for the event via the company's investor portal.

Key Highlights

Board Meeting Agenda

Onida Electronics Ltd has officially notified the stock exchanges that its Board of Directors is scheduled to convene on November 03, 2026. The meeting will address two primary items:

1. Financial Results: Consideration and approval of the unaudited financial results for the second quarter and half-year ended September 30, 2026.
2. Equity Allotment: The allotment of equity shares to eligible employees who have exercised their vested options under the MIRC Electronics Employee Stock Options Plan, 2023.

Insider Trading Compliance

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in company securities remains closed for designated persons and their immediate relatives. This closure will remain in effect until 48 hours after the financial results are publicly announced.

Investor Takeaway

This filing serves as a standard procedural update regarding the company's upcoming earnings release and employee compensation administration. Shareholders should monitor the upcoming results on November 3, 2026, to assess the financial performance for the second quarter and the first half of the current fiscal year.

Publication Details Onida Electronics Ltd has issued a newspaper notification to inform shareholders about the availability of a special window to address pending transfers and the dematerialization of physical securities. This initiative is governed by the SEBI circular dated January 30, 2026. ## Important Dates The special window for processing these physical securities opened on February 5, 2026, and will remain available until February 4, 2027. ## Shareholder Instructions Shareholders who held or traded physical securities prior to April 1, 2019, and who did not previously complete the transfer or dematerialization process, are eligible to utilize this window. For processing, shareholders must contact the Registrar and Transfer Agent: Link Intime India Private Limited, located at C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083. Investors may also email the company at investors@onida.com for further assistance. ## Regulatory Context This notice complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the associated SEBI circular regarding the management of physical securities.

Regulatory Compliance Filing

Onida Electronics Ltd has submitted the mandatory compliance certificate as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.

Key Details

• Reporting Period: Quarter ended September 30, 2026.
• Certifying Entity: MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the company's Registrar and Share Transfer Agent (RTA).
• Confirmation: The RTA has confirmed that all securities received from depository participants for dematerialization during the specified quarter were processed (accepted or rejected) within the prescribed timelines. Furthermore, the RTA confirmed that security certificates received were mutilated and cancelled after verification, and the names of the depositories were duly substituted in the register of members.

This filing is a routine procedural requirement mandated by SEBI for listed companies to ensure the integrity and timely processing of share dematerialization.

Trading Window Closure

Onida Electronics Ltd has formally notified the stock exchanges that the company's trading window for dealing in securities will be closed for all Directors, Designated Employees, and other specified persons. This closure is effective from October 1, 2026, and will continue until 48 hours after the company's unaudited financial results for the second quarter and half year ended September 30, 2026, are declared and filed with the exchanges.

Compliance and Schedule

This action is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code for insider trading and fair disclosure. The specific date of the Board of Directors meeting to approve the financial results for the quarter and half-year ended September 30, 2026, has not been finalized and will be communicated in due course.

What This Means for Investors

This notice is a routine regulatory procedural step undertaken by the company before the announcement of quarterly financial performance. It indicates that the company is in the process of finalizing its financial results for the specified period. It does not provide any information regarding the company's operational or financial health. Shareholders should monitor subsequent disclosures regarding the specific date of the board meeting for the upcoming earnings announcement.

Meeting Overview

The 45th Annual General Meeting (AGM) of Onida Electronics Ltd was held on September 23, 2026, through video conferencing. Mr. Vijay Mansukhani, Chairman and Managing Director, presided over the meeting.

Agenda Items

The following items were transacted at the meeting:

Key Governance and Board Changes

The meeting confirmed several leadership changes and board appointments:

• Executive Changes: Mr. Kaval Mirchandani was re-designated from Managing Director to Whole Time Director. Mr. Gunjan Srivastava was appointed as the new Managing Director (KMP). Mr. Manish Desai was appointed as Whole-time Director (KMP).
• Board Additions: Mr. Manish Desai and Mr. Gunjan Srivastava were appointed as Directors, along with the appointment of Mr. Jayesh Gandhi as an Independent Director.
• Compliance: Remote e-voting was conducted between September 20, 2026, and September 22, 2026. The Scrutinizer's report and final voting results will be communicated to the stock exchanges and published on the company's website.

Shareholder Interaction

Four shareholders—Yusuf Yunus Rangwala, Hiranand Kotwani, Praful Chavda, and Lekha Satish Shah—registered as speakers and raised questions, which were duly responded to by the company.

Meeting Logistics

The meeting commenced at 3:30 p.m. (IST) and concluded at 4:03 p.m. (IST).

Transaction Overview

Onida Electronics Ltd has officially allotted 73,86,362 warrants on a preferential basis to three public category investors. The allotment, approved by the Finance Committee of the Board of Directors on September 17, 2026, was conducted following shareholder approval at the Extraordinary General Meeting held on June 08, 2026, and subsequent in-principle approvals from BSE and NSE received on September 01, 2026.

Terms and Structure

Each warrant is convertible into one fully paid-up equity share of the company with a face value of Re 1. The issue price is fixed at Rs 35.20 per warrant.

• Total Issue Value: Approximately Rs 25.99 crore (aggregating to Rs 25,99,99,942.40).
• Upfront Payment: The company has received 25% of the issue price (Rs 8.80 per warrant), amounting to Rs 6,49,99,985.60.
• Exercise Tenure: The warrants may be exercised in one or more tranches within 18 months from the date of allotment. If not exercised within this timeframe, the warrants will lapse, and the subscription amount paid will be forfeited.

Investor Participation

The warrants have been allotted to the following investors in the public category:

Equity Impact

As the securities allotted are warrants, there is no immediate change in the issued, subscribed, and paid-up equity share capital of the company at this stage. Post-conversion, the company's equity share base is expected to increase, assuming the exercise of all warrants.

Investor Takeaway

This preferential allotment provides the company with immediate liquidity through the 25% upfront subscription payment. Shareholders should monitor the conversion status over the next 18 months, as the exercise of these warrants will result in equity dilution. The funds raised are typically intended for business operations or strategic growth, which should be tracked in future updates.

Publication Details Onida Electronics Ltd (formerly MIRC Electronics Limited) has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing notices in the Financial Express (English) and Navshakti (Marathi) newspapers on September 02, 2026. The notices pertain to the 45th Annual General Meeting (AGM) and the dispatch of the related notice to shareholders. ## Important Dates Event: AGM Date | September 23, 2026. Event: Book Closure | September 16, 2026 to September 23, 2026. Event: Cut-off Date for E-voting | September 16, 2026. Event: Remote E-voting Period | September 20, 2026 to September 22, 2026. ## Shareholder Instructions Shareholders may participate in the AGM through video conferencing or other audio-visual means. Voting will be conducted electronically. Shareholders who are not registered electronically are advised to follow the procedures outlined in the notice on the company's website (www.onida.com) to obtain their login credentials for e-voting.

45th Annual General Meeting

Onida Electronics Ltd has scheduled its 45th Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 3:30 p.m. (IST). The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM).

Compliance and Communication

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is issuing this communication to shareholders who have not registered their email addresses. This notice provides the necessary web links to access the Annual Report for the financial year 2025-26.

KYC and Regulatory Reminder

The company has also issued a regulatory reminder pursuant to SEBI Master Circular dated May 07, 2024. Shareholders holding physical securities are requested to:

• Update PAN, address, mobile number, bank account details, specimen signature, and nomination.
• Dematerialize physical securities.

Shareholders are advised that, as per SEBI regulations, physical folio holders must have their KYC details updated to receive payments, including dividends or interest, in electronic mode.

Key Highlights

The company has scheduled its 45th Annual General Meeting (AGM) for September 23, 2026. The share transfer books will be closed from September 16, 2026, to September 23, 2026 (both days inclusive) for this purpose. The company also reported financial results for the year ended March 31, 2026, showing a notable widening of losses and a decline in revenue.

Financial Snapshot

Auditor Qualification

In the Independent Auditor's Report, M/s M M Nissim & Co LLP issued a qualified opinion regarding the company's internal financial controls over financial reporting. The auditor highlighted material weaknesses in the confirmation, reconciliation, and monitoring of balances pertaining to the Business-to-Government (B2G) business, as well as deficiencies in maintaining adequate documentation for significant contractual arrangements in that segment.

Board and Management Changes

The company proposed several changes in its leadership structure, subject to shareholder approval:

• Re-designation of Mr. Kaval Mirchandani as Whole Time Director (from Managing Director).
• Appointment of Mr. Manish Desai as Whole-time Director.
• Appointment of Mr. Gunjan Srivastava as Managing Director.
• Appointment of Mr. Jayesh Gandhi as Independent Director.

Corporate Action Details

During FY 2025-26, the company undertook several fundraising activities:

• Rights Issue: Allotment of 4.94 crore equity shares at Rs. 10 per share (including premium of Rs. 9).
• Preferential Issue: Allotment of 8.89 crore equity shares at Rs. 16.81 per share (including premium of Rs. 15.81).
• Non-Convertible Debentures: Issued 6,000 NCDs aggregating to Rs. 60 crore in two tranches.

Investor Takeaway

The primary points for monitoring include the financial performance, which shows a significant deepening of losses compared to the prior year. Additionally, the auditor’s qualified opinion on B2G business internal controls represents a specific governance and operational risk that shareholders should monitor closely. The leadership changes reflect a restructuring of the board and management roles.

Key Highlights

• FY26 Performance: The company reported a net loss of Rs 74.74 crore for the year ended March 31, 2026, compared to a loss of Rs 2.30 crore for the previous year.
• Revenue: Revenue from operations declined to Rs 660.01 crore from Rs 746.69 crore in FY25.
• Leadership Changes: Mr. Gunjan Srivastava has been appointed as Managing Director. Mr. Kaval Mirchandani has been re-designated as a Whole-time Director.
• Capital Raising: The company completed a Rights Issue in August 2025 raising approximately Rs 49.49 crore and a Preferential Issue in October 2025 raising Rs 149.52 crore. Additionally, it raised Rs 60 crore through Non-Convertible Debentures (NCDs) during the year.

Financial Snapshot (Consolidated)

Management Commentary and Outlook

Management attributed the loss to a reduction in non-brand business. The strategic plan moving forward involves focusing on the 'brand business' segment, where margins are reported to be higher than the non-brand segment. The company also intends to address productivity and service issues and implement cost reduction measures to improve the bottom line.

Corporate Action Details

• Rights Issue: Allotted 4.94 crore equity shares at Rs 10 per share (including Rs 9 premium) on August 01, 2025.
• Preferential Issue: Allotted 8.89 crore equity shares at Rs 16.81 per share (including Rs 15.81 premium) on October 09, 2025.
• NCD Issue: Raised Rs 60 crore through 6,000 NCDs (Rs 1 lakh face value each) at 12% coupon rate, with a 36-month tenure.

Board and Governance Update

• Statutory Auditor: M/s. M M Nissim & Co LLP has been appointed as the Statutory Auditor for a term of five years from the conclusion of the 45th AGM.
• Director Changes: The board saw significant changes, including the resignation of Mr. Gulu Mirchandani as Chairman & Managing Director (now Chairman Emeritus). Mr. Gunjan Srivastava was appointed as Managing Director effective July 04, 2026. Mr. Kaval Mirchandani was re-designated as a Whole-time Director effective July 04, 2026. Mr. Manish Desai was appointed as a Whole-time Director, and Mr. Jayesh Gandhi was appointed as an Independent Director.

Concerns and Watch Points

• Widening Losses: The financial performance shows a sharp deterioration, with net losses widening significantly.
• Operating Performance: The decline in revenue across core segments like Air Conditioners (de-growth of 27.2%) and Washing Machines (de-growth of 13.3%) remains a critical area for investors to monitor.
• Debt Covenants: The report notes that for the Non-Convertible Debentures, the company did not meet the required debt covenants as of the reporting year end.

Investor Takeaway

For existing shareholders, the FY26 report highlights a period of significant transition and financial stress for Onida Electronics. While management has initiated capital-raising measures and leadership changes to potentially turnaround the business by shifting focus to branded products, the widened losses and failure to meet debt covenants on the newly issued NCDs necessitate careful monitoring of operational efficiency and debt servicing capability in the coming quarters.

AGM Notice Highlights

Onida Electronics Ltd (formerly MIRC Electronics) has announced its 45th Annual General Meeting (AGM) to be held on Wednesday, September 23, 2026, at 3:30 p.m. IST via Video Conferencing or Other Audio-Visual Means (VC/OAVM).

Key business to be transacted includes:

• Adoption of audited financial statements for the year ended March 31, 2026.
• Appointment of M/s M M Nissim & Co LLP as Statutory Auditors for a five-year term.
• Re-designation of Mr. Kaval Mirchandani as Whole Time Director for three years.
• Appointment of Mr. Manish Desai as a Director and Whole Time Director for three years.
• Appointment of Mr. Gunjan Srivastava as a Director and Managing Director for three years.
• Appointment of Mr. Jayesh Gandhi as an Independent Director for five years.
• Ratification of cost auditor Mr. Suresh D. Shenoy's remuneration of Rs 2.50 lakh p.a. for FY 2026-27.

Financial Snapshot (Consolidated)

Financial Performance Analysis

The company reported a widened net loss of Rs 74.74 crore for the financial year ended March 31, 2026, compared to a loss of Rs 2.30 crore in the previous year. Revenue from operations also declined to Rs 660.01 crore from Rs 746.69 crore. The management noted that the performance in air-conditioners and washing machines was impacted by unfavourable weather and product portfolio mismatches.

Auditor's Observation

In their report, the independent auditors have expressed a qualified opinion regarding the company's internal financial controls. Specifically, they noted that internal financial controls over the confirmation, reconciliation, and monitoring of balances pertaining to the Business-to-Government (B2G) business were not operating effectively as of March 31, 2026. Furthermore, they noted that documentation supporting significant contractual arrangements for the B2G business was not operating effectively.

Investor Takeaway

The upcoming AGM will focus on management transition and board strengthening. While the company pursues a 'Onida 2.0' strategy to drive efficiency, shareholders should monitor the continued financial pressure, the B2G business operational issues highlighted by the auditors, and the company's ability to turn around its core product segments which faced de-growth during the last fiscal year.

Publication Details. Onida Electronics Ltd (formerly known as MIRC Electronics Limited) has formally notified the stock exchanges and shareholders regarding the publication of its 45th Annual General Meeting (AGM) notice. The company executed these publications on August 31, 2026, across three distinct newspaper editions to ensure broad reach: Financial Express (English), Free Press Journal (English), and Navshakti (Marathi). ## Regulatory Context. This filing is submitted in strict adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The regulation mandates that listed entities must disclose material events or information, which includes notices issued to shareholders regarding general meetings. ## What Shareholders Should Know. This notice is a procedural compliance confirmation. Existing shareholders are advised that these publications are part of the standard communication process for the upcoming 45th AGM. Shareholders should continue to monitor their registered email addresses and the official company website (www.onida.com) or exchange portals (BSE/NSE) for specific instructions regarding remote e-voting, virtual attendance, or any subsequent updates related to the meeting proceedings.

Publication Details

Onida Electronics Limited (formerly known as MIRC Electronics Limited) has issued a formal notice to shareholders regarding the reopening of a special window for the transfer and dematerialization of physical securities. This notice complies with the SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026, dated January 30, 2026.

Special Window Overview

The company has reopened a special window to allow shareholders to rectify or complete the transfer and dematerialization of physical shares.

• Window Period: February 5, 2026, to February 4, 2027.

Eligibility Criteria

This facility is intended for shareholders who:

• Purchased shares prior to April 1, 2019.
• Did not previously lodge shares for transfer.
• Previously lodged shares for transfer, but had the application rejected, returned, or not processed due to document or process deficiencies.

Shareholder Instructions

Shareholders wishing to utilize this facility are advised to:

1. Contact the company's Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited.
2. Submit the necessary documentation for transfer/re-lodgement.
3. Note that approved transfers will be issued only in dematerialized form and will be subject to a one-year lock-in period from the date of registration.

Contact Information

For queries regarding this process, shareholders may reach out to:

• Company Email: investors@onida.com
• Registrar and Transfer Agent: MUFG Intime India Private Limited, G-101, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083.

Company Update: Wada Factory Personnel Development

Onida Electronics Ltd (formerly MIRC Electronics Limited) has informed the stock exchanges regarding a significant development concerning its manufacturing facility located at Kudus, Wada, in the Palghar district of Maharashtra.

Operational and Workforce Update

The company has reached an understanding for a "mutual settlement" with one of the permanent workers' unions representing the majority of workers employed at the Wada factory. Pursuant to this understanding, the majority of the permanent workmen employed at the factory have tendered their resignations from the services of the company.

Management stated that this development aligns with the company's "present business objective." The company provided this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Relevance

The resignation of a majority of the permanent workforce at a manufacturing site is a material operational event. While the company has characterized the event as a mutual settlement aligned with its business objectives, the immediate impact on production capacity, facility utilization, and potential restructuring costs or benefits remains a key monitorable. Shareholders and market participants will likely assess whether this move signals a pivot in manufacturing strategy, a downsizing of operations, or a shift in the company's production footprint.

Investor Takeaway

Existing shareholders should monitor the company's subsequent communications for details regarding the future of the Wada facility, the financial impact of the mutual settlement, and any potential shifts in manufacturing strategy. The company has framed the event as a strategic alignment, but the loss of a majority of the permanent workforce at a specific site necessitates tracking for operational continuity.

Q1 FY27 Performance Overview

Onida Electronics Ltd (formerly MIRC Electronics Ltd) reported revenue from operations of Rs. 182.4 crore for the quarter ended June 30, 2026, marking a 29.5% year-on-year increase. The growth was primarily driven by performance in LED and AC segments. Despite the revenue growth, the company reported a net loss of Rs. 14.2 crore for the quarter, compared to a net loss of Rs. 12.5 crore in Q1 FY26. Gross margins improved by 100 basis points to 17.3%, supported by better sales mix and realizations, though this was partially offset by margin pressure in the washing machine segment due to higher input costs and competitive pricing.

Segment and Operating Performance

Operational performance was marked by growth across core categories:

• LED Business: Grew 56.8% year-on-year.
• AC Business: Grew 39.2% year-on-year, benefiting from a recovery in seasonal demand. AC contributes approximately 60% of turnover.
• Washing Machine: Declined marginally by 1.8% year-on-year. This segment remains in the low single digits of revenue contribution.

Strategy and Transformation: Onida Rewired

Management introduced the "Onida Rewired" strategy, centered on affordable premiumization and innovation. Key strategic pillars include:

• Product Development: Strengthening the lineup, including the recent launch of a 100-inch QD Mini-LED TV to target larger screen upgrades.
• Retail Expansion: The company aims to double its reach in the next 6-12 months. Management set an internal target of 800 to 1000 retail outlets by the end of this financial year to improve retail execution and customer conversion.
• Asset-Light Approach: Moving forward, the company is prioritizing design and R&D while maintaining an asset-light model for manufacturing.

Management Commentary and Outlook

Management emphasized that they are in a "turnaround" phase and refrained from providing specific quantitative forward-looking guidance due to market volatility.

• Debt and Capital: As of June, the company has no utilized fund-based CC limits. It carries a borrowing balance of approximately Rs. 38 crore, scheduled for repayment over the next 18 months.
• Wada Plant: Management clarified there are no immediate plans to close the Wada facility; production has been scaled down to align with strategy, and the company is evaluating optimum space utilization.
• Working Capital: The company targets a benchmark of less than 30-45 net working capital days.

Concerns and Watch Points

• Widening Losses: While revenue grew, net losses widened year-on-year, indicating continued operational pressure.
• Input Costs: Competitive pressures and input cost volatility remain key risks, affecting the ability to pass on price increases to consumers.
• Execution: Successful transition to an asset-light model and the achievement of retail outlet targets are critical dependencies for the stated turnaround.

Earnings Call Disclosure

Onida Electronics Limited conducted its earnings conference call on August 10, 2026, to discuss its financial and operational performance for the quarter ended June 30, 2026. The audio recording of this session has been formally disclosed as part of the company's adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors can access the audio recording through the link provided by the company in its regulatory filing to review management's commentary and responses to investor queries.

Corporate Identity Update

The company has officially changed its name from MIRC Electronics Limited to Onida Electronics Limited. Investors should be aware of this transition for the purpose of tracking historical filings, records, and legacy documentation.

Key Highlights

Financial Snapshot

Revenue and Income Analysis

The company witnessed strong top-line momentum in Q1 FY27. Revenue from Operations grew 29.5% year-on-year to ₹182.4 crore. Total Income also saw an increase of 30.6% year-on-year to reach ₹184.8 crore. This growth was largely attributed to a 35.8% increase in branded sales.

Profitability Analysis

Despite the significant increase in revenue, the company remains loss-making. The PAT loss widened to ₹14.2 crore in Q1 FY27, compared to a loss of ₹12.5 crore in Q1 FY26, indicating continued bottom-line pressure despite top-line expansion.

Margin Analysis

There was an improvement in gross margins during the quarter, supported by a favorable product mix. The Overall Gross Margin stood at 17.3% compared to 16.3% in Q1 FY26. Similarly, the Branded Gross Margin improved to 17.9% from 17.0% in the corresponding quarter last year.

Segment Performance

Corporate Action Details

The company officially completed its corporate name change from MIRC Electronics Limited to Onida Electronics Limited. This move is intended to align the company's identity with its flagship consumer-facing brand.

What Looks Positive

Concerns and Watch Points

Investor Takeaway

Onida Electronics delivered a quarter of strong top-line growth and margin improvement, driven significantly by the LED and Air Conditioner segments. While the growth figures are positive, the persistent and widening net loss remains a critical watch point for investors. The corporate name change to Onida Electronics Limited marks a strategic focus on strengthening its primary brand. Investors should monitor how management balances this top-line expansion with the need to achieve bottom-line profitability.

Key Highlights

Onida Electronics Limited has confirmed the publication of the extract of its unaudited financial results for the quarter ended June 30, 2026, in compliance with standard listing regulations.

Regulatory Context

Listed companies in India are mandated under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to publish extracts of their financial results in at least one English national daily newspaper and one vernacular newspaper of the region where the company's registered office is situated. This filing confirms that Onida Electronics Limited has adhered to this compliance requirement following the approval of its quarterly financial results.

What This Means for Investors

This filing is a procedural update confirming that the company has completed its public disclosure obligations. It does not provide new information regarding the company's financial performance, operational status, or future guidance. Investors should view this as a routine compliance matter.

Investor Takeaway

For existing shareholders, this update is a routine governance notification. No action is required as the filing is strictly for regulatory compliance purposes regarding the communication of previously approved quarterly results.

Financial Snapshot

Financial Performance Analysis

The company reported revenue of ₹182.41 crore (₹18,241 lakh) for Q1 FY27, up from ₹140.85 crore (₹14,085 lakh) in the year-ago quarter. While the top line showed growth, the company remains in a loss-making position.

However, there is a clear sequential improvement in profitability. The net loss for Q1 FY27 stood at ₹14.18 crore (₹1,418 lakh), significantly reduced from the loss of ₹47.36 crore (₹4,736 lakh) reported in the immediate preceding quarter (Q4 FY26).

Corporate Action: ESOP Allotment

The Board has approved the allotment of 1,35,480 equity shares to eligible employees. These shares were issued upon the exercise of vested employee stock options under the 'MIRC Electronics Employee Stock Option Plan, 2023'. The exercise price for these shares was set at ₹14.10 per share. Following this issuance, the paid-up equity share capital of the company stands at 36,95,27,844 shares.

Governance and Branding

The company has officially completed the process of changing its name from 'MIRC Electronics Limited' to 'Onida Electronics Limited'. This move aligns the corporate entity's name with its primary consumer-facing brand, 'Onida'.

Auditor and Compliance

The financial results for the quarter ended June 30, 2026, were subjected to a limited review by the statutory auditors, M/s. M M Nissim & Co LLP, who expressed an unmodified opinion on the results.

Investor Takeaway

Onida Electronics is undergoing a transition, evidenced by its rebranding and efforts to improve its bottom line. While revenue has grown on a year-over-year basis and the quarterly loss has narrowed significantly compared to the previous quarter, the company is still reporting net losses. Investors should continue to monitor the firm's operating margins and its ability to achieve sustained profitability in the competitive consumer durables segment. The recent ESOP allotment reflects ongoing incentive programs for employees, which may cause minor dilution.

Key Highlights

• Revenue Growth: The company recorded a year-over-year increase in revenue from operations.
• Bottom-Line: The company continues to report operating losses for the quarter.
• Corporate Change: The process of changing the company name from MIRC Electronics Limited to Onida Electronics Limited has been completed.
• ESOP Allotment: The Board approved the allotment of 1,35,480 equity shares following the exercise of vested employee stock options.

Financial Snapshot

Revenue and Income Analysis

The company achieved revenue from operations of ₹182.41 crore (₹18,241 lakh) for the quarter ended June 30, 2026, marking an increase compared to the ₹140.85 crore (₹14,085 lakh) reported in the same period of the previous year.

Profitability Analysis

Profitability remained a challenge during the period. The company reported a net loss after tax of ₹14.18 crore (₹1,418 lakh) for the quarter ended June 30, 2026. This compares to a net loss of ₹12.49 crore (₹1,249 lakh) in the corresponding quarter of the previous year.

Corporate Action Details

During the board meeting held on August 07, 2026, the company approved the allotment of 1,35,480 equity shares of Re. 1/- each. These shares were allotted at an exercise price of ₹14.10 per share pursuant to the Onida Electronics Employee Stock Option Plan, 2023. Following this allotment, the total paid-up equity share capital stands at 36,95,27,844 equity shares.

Auditor and Compliance

The financial results for the quarter ended June 30, 2026, were subjected to a limited review by statutory auditors, M M Nissim & Co LLP, who issued an unmodified opinion.

What Looks Positive

• Revenue Expansion: The company demonstrated significant top-line growth compared to the previous year's corresponding quarter.

Concerns and Watch Points

• Continuing Losses: The company reported a net loss for the quarter, and the loss widened slightly compared to the same period in the previous year. Investors should monitor the company's progress toward achieving operational profitability.

Investor Takeaway

Onida Electronics Limited reported revenue growth for Q1 FY27 but continues to face profitability hurdles with a net loss of ₹14.18 crore. The company has also finalized its name change and executed an ESOP allotment. For investors, the key area of focus remains the company's ability to manage costs and improve operational margins to reverse the trend of net losses.

Key Highlights

Financial Snapshot

Revenue and Income Analysis

The company reported revenue from operations of ₹182.41 crore (₹18,241 lakh) for the quarter ended June 30, 2026, compared to ₹140.85 crore (₹14,085 lakh) in the corresponding quarter of the previous year. This reflects an increase in top-line performance year-over-year.

Profitability Analysis

Onida Electronics reported a net loss of ₹14.18 crore (₹1,418 lakh) for the quarter ended June 30, 2026. This compares to a net loss of ₹12.49 crore (₹1,249 lakh) in the same quarter last year. The earnings per share (EPS) stood at ₹(0.38) for the current quarter, compared to ₹(0.54) in the corresponding period of the previous year.

Corporate Action Details

The Board of Directors approved the allotment of 1,35,480 equity shares of Re. 1/- each. These shares were issued pursuant to the exercise of vested employee stock options under the Onida Electronics Employee Stock Option Plan, 2023. The exercise price per share was set at ₹14.10, including a premium of ₹13.10 per share. Following this allotment, the total paid-up equity share capital of the company stands at ₹36.95 crore (₹3,695 lakh).

Business and Operational Context

The company, formerly known as MIRC Electronics Limited, noted that it continues to operate in the 'Consumer Durables' segment. The financial results have been prepared in accordance with Ind AS 34 and received an unmodified opinion from the statutory auditors, M M Nissim & Co LLP.

Investor Takeaway

Onida Electronics has demonstrated growth in revenue for the quarter ended June 30, 2026. However, the company continues to face profitability challenges, as evidenced by a widened net loss compared to the same period last year. Investors should monitor the company's ongoing operational performance and its ability to manage costs effectively to improve the bottom line in future quarters. The recent share allotment via the ESOP plan is a development in the company's capital structure.

Key Highlights

• Event: Q1 FY 2026-27 Earnings Conference Call.
• Date: Monday, August 10, 2026.
• Time: 11:00 AM IST.
• Purpose: Discussion on the unaudited financial results for the quarter ended June 30, 2026.

Management Participation

The company has confirmed that the upcoming earnings conference call will be attended by key members of the leadership team:

• Mr. Gunjan Srivastava: Managing Director & CEO
• Mr. Manish Desai: Chief Financial Officer

The presence of top management allows investors and analysts to seek clarity on the quarter's performance, cost structures, and future business outlook.

What This Means for Investors

The earnings conference call serves as a critical event for shareholders and market participants to assess the company's quarterly performance beyond the headline numbers. Investors typically use this forum to understand management's perspective on market conditions, operational efficiency, and capital allocation priorities.

Given the leadership team's attendance, this is an opportunity to gauge the company’s trajectory following the name change from MIRC Electronics Limited to Onida Electronics Limited. Investors should focus on management commentary regarding consumer demand, margin trends, and any strategic updates.

Investor Takeaway

This announcement is a procedural step in the quarterly financial reporting cycle. The conference call scheduled for August 10, 2026, will be the primary venue for management to provide context to the unaudited financial results for the quarter ended June 30, 2026. Interested stakeholders, including institutional and retail investors, should monitor the subsequent disclosure of call transcripts or recordings if they are unable to participate live. Investors are advised to focus on qualitative and quantitative updates shared by the MD and CFO regarding the business environment and performance drivers.

Board Meeting Overview

Onida Electronics Limited has scheduled a meeting of its Board of Directors for Friday, August 07, 2026. The meeting is being held in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the intimation of board meetings where financial results are to be considered.

Agenda Items

The Board will primarily address the following items during the upcoming meeting:

• Financial Results: Consideration and approval of the unaudited financial results for the first quarter ended June 30, 2026, along with the Limited Review Report prepared by the Statutory Auditors.
• Corporate Action: The allotment of equity shares pursuant to the exercise of vested employee stock options by eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023.

Trading Window Closure

In accordance with the company’s "Code for Insider Trading & Fair Disclosure of Unpublished Price Sensitive Information," the trading window for dealing in the company's equity shares remains closed for designated persons and their immediate relatives. This closure will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026.

Investor Relevance

Investors should monitor the outcome of the board meeting for the upcoming financial results, which will provide insight into the company's performance for the quarter ended June 30, 2026. The exercise of employee stock options is a standard corporate activity related to employee compensation and equity management.

Key Highlights

Dematerialization Compliance

The company has fulfilled the requirements of Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. MUFG Intime India Private Limited, acting as the Registrar and Share Transfer Agent (RTA), confirmed that for the quarter ended June 30, 2026, all securities received from depository participants for dematerialization were processed and verified within the prescribed timelines. The RTA further confirmed that the certificates were mutilated and cancelled after verification, and the register of members was duly updated to reflect the new registered owners.

Corporate and RTA Identity

The filing clarifies the following corporate details for stakeholders:

• Company Name: Onida Electronics Limited (formerly known as MIRC Electronics Limited).
• RTA Name: MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited).

What This Means for Investors

This filing is a standard administrative procedure for listed entities to ensure that share transfers and dematerialization processes are handled correctly. It confirms that the RTA is maintaining the share registry in accordance with regulatory standards. There are no material financial or operational implications arising from this update.

Shareholding Structure Revision

Onida Electronics Limited (formerly MIRC Electronics Limited) has formally revised its post-issue shareholding disclosures regarding the preferential issue of convertible equity share warrants. The company identified an inadvertent omission in its previous calculations disclosed in the EGM Notice dated May 16, 2026, where the impact of already granted Employee Stock Options (ESOPs) was not included in the fully diluted shareholding pattern.

Key Figures

The following figures provide the updated, fully diluted view of the company's shareholding structure as of July 07, 2026:

Valuation and Governance

To ensure transparency in the pricing of the preferential issue, the company voluntarily obtained a valuation report dated May 16, 2026, from Mr. Bhavesh M. Rathod (Registered Valuer). This report was utilized to determine the fair value of the equity shares proposed to be allotted upon the conversion of the warrants.

Management has also explicitly confirmed that the proposed preferential issue will not lead to any changes in the composition of the Board of Directors, nor will it result in any change in the control or management of the company.

Investor Takeaway

For investors, the key takeaway is that this announcement is a corrective disclosure intended to improve the accuracy of the company's capital structure data. The inclusion of ESOPs in the post-issue shareholding calculation clarifies the total potential dilution for existing shareholders. Investors should note that the fundamental operations and management structure of the company remain unchanged following this regulatory update.

Leadership Restructuring

The Board of Directors of Onida Electronics Limited has approved a significant reorganization of its top management, effective July 4, 2026. This transition marks a new phase of leadership for the organization.

Key Appointments

• Mr. Gunjan Srivastava: Previously serving as the company's CEO since February 2026, he now assumes the role of Managing Director.
• Mr. Manish Desai: Appointed as the new CFO and Whole-time Director. He brings experience from roles across corporate finance, financial planning, and strategy.
• Mr. Jayesh Gandhi: Appointed as an Independent Director. He is a Chartered Accountant with extensive experience in audit, assurance, and financial advisory.
• Mr. Kaval Mirchandani: Transitions from the role of Managing Director to Whole-time Director.

Resignation

Mr. Shirish Suvagia has resigned from the office of Whole-time Director and Chief Financial Officer, effective from the close of business hours on July 3, 2026. The company noted that he is taking a sabbatical to pursue personal interests, including learning in the fields of artificial intelligence and emerging technologies.

ESOP Grant Details

The Board has approved the grant of 1,250,000 employee stock options to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023.

• Vesting: Options are linked to the achievement of specific performance milestones, with a minimum vesting period of one year.
• Exercise: Vested options can be exercised within two years from the vesting date.
• Pricing: The exercise price will be determined at a 30% discount to the closing share price of June 25, 2026, subject to specified floor price conditions.

Investor Takeaway

For investors, the primary update is the significant churn at the executive management level. The appointment of new leadership for the CEO, MD, and CFO roles indicates a formal strategic transition for the company. Investors should monitor how this new leadership team executes the company's business plans in the coming quarters. The ESOP grant is a standard retention and incentive mechanism. The transition of the outgoing CFO is presented as a personal career move, which typically signals a standard, rather than distressed, leadership change.

Leadership Restructuring

The Board of Directors of Onida Electronics has approved a significant reorganization of its senior management team and Board composition, effective July 04, 2026. This move involves several key appointments and designation changes intended to realign the company's leadership structure.

Key Appointments and Changes

ESOP Grant Details

The Board has approved the grant of 12.5 lakh (0.125 crore) employee stock options under the 'MIRC Electronics Employee Stock Option Plan 2023'.

• Total Options Granted: 12.5 lakh (0.125 crore) options.
• Conversion: Each option is convertible into one equity share of Re. 1 face value.
• Vesting: Subject to performance milestones and a minimum vesting period of one year.
• Exercise Period: Within two years from the vesting date.
• Pricing Formula: 30% discount on the closing share price of June 25, 2026, subject to price floors.

Management Commentary

The outgoing CFO, Mr. Shirish Suvagia, confirmed that his resignation from his role as Whole-time Director and CFO is for personal reasons. He indicated an intention to take a sabbatical to pursue learning in areas including Artificial Intelligence, Generative AI, and other emerging technologies.

Investor Takeaway

The management restructuring marks a pivotal transition for the company, with a new CEO and CFO taking charge. Investors should monitor the stability and strategy implementation of the new leadership team. While the ESOP grant aligns with standard employee incentive practices, the resignation of the former CFO is a notable personnel change that the company has clarified as personal. Stakeholders should continue to observe the company's operational performance and any future strategic updates provided by the newly constituted leadership team.

Leadership Restructuring

The Board has approved significant changes to the company's top management and board composition, effective July 04, 2026. These changes follow the resignation of Mr. Shirish Suvagia from the roles of Whole-time Director and Chief Financial Officer.

ESOP Grant Details

The company has approved the grant of 1,250,000 stock options to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023.

• Total Options Granted: 1,250,000
• Exercise Price: 30% discount of the closing share price of June 25, 2026.
• Vesting Period: Minimum 1 year.
• Exercise Window: Within 2 years from the Vesting Date.

Management and Strategic Context

The leadership transition involves a significant realignment of senior roles. Mr. Shirish Suvagia, who resigned as CFO and Whole-time Director, stated his decision was voluntary, citing a desire to pursue personal learning in Artificial Intelligence and emerging technologies. The board has placed on record their appreciation for his contributions. The newly appointed team brings extensive experience in corporate finance and leadership across global brands, which the company will likely look to leverage for its ongoing business operations.

What This Means for Investors

For investors, the primary takeaway is the simultaneous transition at the CEO, MD, and CFO levels. While these changes are framed as strategic appointments and a voluntary departure, significant management restructuring can introduce temporary transition risks. Shareholders should track the operational stability and strategic direction under the new leadership team in the coming quarters. The ESOP grant is a standard retention tool aimed at aligning key personnel with long-term company performance.

Investor Takeaway

Investors should monitor the company's announcements in the upcoming periods to assess how the new management team executes its strategy. The resignation of the CFO and the immediate appointment of a successor suggests an orderly transition, but the impact of multiple senior-level changes warrants continued observation. No immediate market-moving financial data was released in this update; the focus remains on governance and organizational continuity.

Leadership Restructuring

The Board of Directors of Onida Electronics Limited has approved a significant change in the company's executive leadership, effective from July 04, 2026:

• Chief Executive Officer & Managing Director: Mr. Gunjan Srivastava has been appointed as the CEO and Additional & Managing Director. He has been serving as the CEO since February 2026.
• Chief Financial Officer (CFO) & Whole-time Director: Mr. Manish Desai has been appointed as the CFO, Additional Director, and Whole-time Director for a period of three years.
• Designation Change: Mr. Kaval Mirchandani has transitioned from Managing Director to Whole-time Director.
• Resignation: Mr. Shirish Suvagia has resigned from his roles as Whole-time Director and CFO, effective July 03, 2026, to pursue new opportunities.

ESOP Grant Details

The Board has approved the grant of 1,250,000 stock options to eligible employees under the 'MIRC Electronics Employee Stock Option Plan 2023'.

What This Means for Investors

The appointment of a new CEO and CFO represents a substantial transition for the company. Investors should monitor the new management team's strategic direction and financial roadmap in the upcoming quarters. The departure of the previous CFO, while noted as a voluntary move to explore new opportunities, marks a change in the financial leadership team. The ESOP grant is intended for talent retention during this transition phase.

Investor Takeaway

Investors should watch for upcoming analyst calls or management guidance from the new CEO and CFO to understand the strategic focus of the company under the new leadership structure. The stability of the financial reporting process during this transition period remains a key area of focus for market participants.

Leadership Restructuring

The Board of Directors of Onida Electronics Limited has approved several key changes to the top management and board, effective from July 04, 2026. These changes signal a significant transition in the company's executive team.

Departures

Mr. Shirish Suvagia, the outgoing Whole-time Director and Chief Financial Officer, resigned effective from the close of business hours on July 03, 2026. In his communication, Mr. Suvagia indicated his intent to pursue learning in Artificial Intelligence, Large Language Models, and emerging technologies to contribute to the evolving business environment.

Employee Stock Option Plan (ESOP)

The Board approved the grant of 1,250,000 stock options to eligible employees under the MIRC Electronics Employee Stock Option Plan, 2023. Key terms of the grant include:

• Total Options: 1,250,000 options.
• Exercise Price: 30% discount on the closing share price of June 25, 2026. The price will not be lower than the exercise price for options granted on May 20, 2026.
• Vesting Period: Minimum 1 year.
• Exercise Period: Within 2 years from the vesting date.

What This Means for Investors

For investors, the primary update is the comprehensive reshuffle of the executive suite, including the new appointments of the CEO and CFO. The departure of the existing CFO and the subsequent transition of the Managing Director role are notable changes in organizational leadership. Investors should monitor how the new leadership team, particularly the incoming CFO and MD, execute the company's strategic roadmap in the coming quarters. The ESOP grant is a standard corporate tool for talent retention and aligns employees with long-term company performance.

Investor Takeaway

This announcement is a significant governance update due to the C-suite and board-level personnel changes. The company has moved to formalize its leadership structure with experienced executives. The outgoing CFO's stated focus on AI and emerging technology suggests an awareness of modern business trends, though the impact of these leadership changes will depend on the new team's execution. Shareholders should track upcoming quarterly communications to understand the new management's strategic priorities.

Key Leadership Restructuring

On July 03, 2026, the Board of Directors of Onida Electronics Limited approved several key appointments and changes to the company's management team, effective July 04, 2026.

Important Figures

Management Transition Analysis

The company is undergoing a significant transition at the executive level. Mr. Shirish Suvagia has stepped down from his roles as Whole-time Director and CFO. Mr. Manish Desai, a finance professional with nearly 30 years of experience, will assume the role of CFO and Key Managerial Personnel. Simultaneously, Mr. Gunjan Srivastava, who has been serving as CEO since February 2026, will now also serve as Managing Director. These changes represent a comprehensive reshuffle of the firm’s top management and leadership hierarchy.

Employee Stock Option Plan (ESOP) Grant

The Board has approved the grant of 1,250,000 employee stock options under the 'MIRC Electronics Employee Stock Option Plan, 2023'. These options are designed to incentivize eligible employees. Key terms include:

• Convertibility: Each option is convertible into one equity share of face value Re. 1/-.
• Pricing: Set at a 30% discount on the closing share price of June 25, 2026.
• Vesting: Minimum vesting period of one year.
• Exercise Period: Within two years from the vesting date.

Investor Takeaway

For investors, the key focus is the stability and strategic continuity following this extensive leadership transition. The simultaneous change in CEO, Managing Director, and CFO positions marks a pivotal moment for the company's management structure. Investors should track how the new leadership team implements existing strategies and manages operational goals. The ESOP grant is a standard compensation measure but will result in equity dilution upon exercise. Monitoring the performance and public commentary of the new management team will be essential in the coming quarters.

Summary

• MIRC Electronics Limited held an EOGM on April 29, 2026, where two key resolutions were approved.
• The company approved the grant of 2,95,00,000 employee stock options to its CEO, Gunjan Srivastava.
• A significant change was also approved: the company's name will be changed to 'Onida Electronics Limited'.

Key Numbers & Dates

• Employee Stock Options Granted: 2,95,00,000 (2.95 crore) to CEO Gunjan Srivastava.
• Face Value per Share: ₹1 per equity share.
• Time-Based ESOP Exercise Price: ₹11.40 per option.
• Performance-Based ESOP Exercise Price: ₹16.81 per option.
• Performance-based ESOP Target (Tranche 1): Cumulative operating EBITDA of ₹100 Crores for FY27-FY30.
• Performance-based ESOP Target (Tranche 2): Cumulative operating EBITDA of ₹400 Crores for FY27-FY32.
• EOGM Held: April 29, 2026.
• Time-Based ESOP Vesting: Annually from March 31, 2027, to March 31, 2031.

What Changes for the Business

• The company is changing its name from 'MIRC Electronics Limited' to 'Onida Electronics Limited'.
• This change aims to align the corporate identity with the well-established 'Onida' brand, enhance brand recall, create a direct link between the company name and its business, and reduce market confusion.

What to Track Next

• The name change will become effective upon the issuance of a fresh Certificate of Incorporation by the Registrar of Companies (ROC).

Summary

• MIRC Electronics Limited conducted its Extra-Ordinary General Meeting (EGM) on April 29, 2026, via video conference.
• Members overwhelmingly approved two key resolutions: the grant of Employee Stock Options (ESOPs) and a change in the company's name.
• The voting, conducted through remote e-voting and during the EGM, showed strong support for both proposals.
• The Scrutinizer's Report confirmed that both resolutions passed with the requisite majority.

Key Numbers & Dates

• EGM held on April 29, 2026.
• Remote e-voting window: April 26, 2026, to April 28, 2026.
• Cut-off date for voting eligibility: April 22, 2026.
• Resolution 1 (ESOPs): Passed with 99.99% of valid votes in favour (228,777,160 votes) from 83 members. 1,370 votes were against.
• Resolution 2 (Name Change): Passed with 99.99% of valid votes in favour (228,778,416 votes) from 84 members. 114 votes were against.

What Changes for the Business

• The company can now proceed with granting Employee Stock Options, potentially incentivizing employees with equity. The pool size is defined as "equal to or exceeding one percent of the issued capital".
• The company will undergo a name change and alter its Memorandum of Association, reflecting a strategic or structural shift.

Summary

• MIRC Electronics Limited conducted its Extra-Ordinary General Meeting (EGM) on April 29, 2026, via video conference.
• Shareholders approved two key special business resolutions: changing the company name to Onida Electronics Limited and granting Employee Stock Options (ESOPs) to the CEO, Mr. Gunjan Srivastava, exceeding one percent of issued capital.
• The meeting confirmed the e-voting process, which took place from April 26 to April 28, 2026.

Key Numbers & Dates

• Extra-Ordinary General Meeting (EGM) Date: April 29, 2026
• EGM Time: 3:30 p.m. to 3:55 p.m. IST
• Remote E-voting Period Start: April 26, 2026, 9:00 a.m. IST
• Remote E-voting Period End: April 28, 2026, 5:00 p.m. IST
• Notice of EGM Dated: March 31, 2026

What Changes for the Business

• Name Change: The company will officially be known as "Onida Electronics Limited" following the approval, with consequential changes to its Memorandum and Articles of Association.
• Employee Stock Options: The Chief Executive Officer, Mr. Gunjan Srivastava, is set to receive Employee Stock Options equivalent to or more than one percent of the company's issued capital under the MIRC Employee Stock Option Plan 2023.

What to Track Next

• Submission of the detailed Scrutinizer's Report and consolidated voting results to the BSE and NSE.
• Placement of the voting results on the company's website (www.onida.com).

The news covers three distinct corporate announcements. MIRC Electronics Limited is opening a special window from February 05, 2026, to February 04, 2027, to facilitate the transfer and dematerialisation of physical securities that were sold or purchased prior to April 01, 2019, as per SEBI guidelines. Separately, Manappuram Finance Limited is the target company in an open offer by BC Asia Investments XXV Limited and others to acquire up to 26% of its equity shares, with the offer price set at INR 248.29 per share. Lastly, Aditya Birla Sun Life AMC Limited announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.

Summary

• The Board of Directors of MIRC Electronics met on April 17, 2026, and approved key proposals regarding the company's properties.
• These include the redevelopment or sale of the 'Onida House' property in Mumbai (approx. 2,143 sqm) and the monetization of the property in Lote, Ratnagiri (approx. 20,004 sqm).
• The company has assured that no manpower cuts will occur due to the redevelopment or sale of the 'Onida House' property.

Key Numbers & Dates

• Board Meeting: April 17, 2026
• Mumbai Property ('Onida House') Area: Approximately 2,143 square meters
• Ratnagiri Property Area: Approximately 20,004 square meters

What Changes for the Business

• The Managing Director, Mr. Kaval Mirchandani, has been authorized to take necessary actions for the redevelopment/sale of the Mumbai property and monetization of the Ratnagiri property.
• These actions are subject to obtaining necessary approvals from regulatory authorities.

⚠️ What Could Go Wrong (source-based)

• [Other] Obtaining necessary approvals from regulatory authorities is a prerequisite for proceeding with the property redevelopment, sale, and monetization.

What to Track Next

• Monitor the progress of obtaining necessary regulatory approvals for the property redevelopment, sale, and monetization.
• Watch for further disclosures regarding the specific monetization strategy for the Ratnagiri property and the timeline for the 'Onida House' redevelopment/sale.

Summary

• MIRC Electronics Limited has submitted a confirmation certificate to stock exchanges BSE and NSE, fulfilling its regulatory obligations for the quarter ended March 31, 2026.
• The certificate, issued by its Registrar and Share Transfer Agent MUFG Intime India Private Ltd., verifies compliance with SEBI (Depositories and Participants) Regulations, 2018, regarding the dematerialisation of the company's securities.

Key Numbers & Dates

• Quarter ended: March 31, 2026

What Changes for the Business

• This is a routine regulatory compliance filing and does not indicate any immediate changes to the company's business operations or strategy.

⚠️ What Could Go Wrong

• No risks or potential issues were mentioned in the provided text. The company confirmed it received no requests for rematerialization during the period.

MIRC Electronics Limited officially announced via newspaper publications on April 8, 2026, that the notice for its Extra Ordinary General Meeting (EGM) has been dispatched. The advertisements, appearing in the Financial Express (English) and Navshakti (Marathi), serve as confirmation of this regulatory compliance, facilitated by their Registrar & Transfer Agent, MUFG Intime India Private Limited.

Summary

• MIRC Electronics Limited will hold an EGM on April 29, 2026, to vote on changing its name to Onida Electronics Limited.
• Shareholders will also vote on a special resolution to grant up to 2.95 crore Employee Stock Options (ESOPs) to CEO Mr. Gunjan Srivastava.
• The name change aims to align the corporate identity with the well-recognized "Onida" brand.
• The ESOP grant is intended to retain and incentivize the CEO, linking his compensation to company growth.

Key Numbers & Dates

• EGM Date: April 29, 2026
• Remote e-voting period: April 26, 2026 - April 28, 2026
• Cut-off date for voting eligibility: April 22, 2026
• Maximum ESOP Options to be granted: 2,95,00,000 (2.95 crore)
• Face value per equity share: ₹1

What Changes for the Business

• The company's corporate name will change from "MIRC Electronics Limited" to "Onida Electronics Limited", leveraging the strong brand recognition of "Onida".
• A significant ESOP grant to the CEO is proposed, aiming to align executive interests with shareholder value and long-term company growth.

What to Track Next

• Outcome of the shareholder vote at the EGM on April 29, 2026.
• Regulatory approvals for the name change and ESOP plan implementation.

Summary

• MIRC Electronics Limited's Board of Directors met on March 31, 2026, approving key decisions including the grant of stock options and a potential company name change.
• The board approved the grant of 2,95,00,000 stock options to CEO Gunjan Srivastava and noted the vesting of options for other employees under the 'MIRC Electronics Employee Stock Option Plan 2023'.
• A proposal for a change in the company's name was approved, contingent on necessary regulatory and shareholder approvals.
• The notice for convening an Extra-ordinary General Meeting (EGM) on April 29, 2026, was also approved.

Key Numbers & Dates

• CEO Stock Options Granted: 2,95,00,000 options.
• Employee ESOPs Granted: 38,00,846 options.
• Employee ESOPs Vested: 4,58,222 options.
• CEO Option Exercise Prices: ₹11.40 (Time-Based Grant) and ₹16.81 (Performance-Based Grant).
• Employee Option Exercise Price: ₹14.10 per ESOP.
• CEO Option Face Value: ₹1.00 per share.
• Performance ESOP EBITDA Targets: ₹100 Crores (FY27-FY30) for Tranche 1, and ₹400 Crores (FY27-FY32) for Tranche 2.
• Board Meeting: March 31, 2026.
• EGM Date: April 29, 2026.

What Changes for the Business

• The grant of substantial stock options to the CEO and employees aims to incentivize performance and align employee interests with shareholder value.
• The potential name change, if approved, could signify a strategic shift or rebranding for the company.

⚠️ What Could Go Wrong (source-based)

• [Other] The proposed change in company name is contingent upon approvals from the Central Registration Centre (CRC), Ministry of Corporate Affairs, and shareholders in a General Meeting.
• [Execution] Vesting of performance-based ESOPs for the CEO is linked to achieving specific cumulative operating EBITDA targets of ₹100 Crores (FY27-FY30) and ₹400 Crores (FY27-FY32).

What to Track Next

• Outcome of the Extra-ordinary General Meeting (EGM) on April 29, 2026.
• Approvals for the proposed company name change from regulatory bodies and shareholders.
• The company's progress towards meeting the performance-based EBITDA targets for ESOP vesting.

Summary

• MIRC Electronics Limited will hold a Board Meeting on March 31, 2026.
• The meeting agenda includes approving stock options for an employee, representing over 1% of the company's issued capital.
• Directors will also consider changing the company's name.

Key Numbers & Dates

• Board Meeting: March 31, 2026

What Changes for the Business

• The company may approve the grant of stock options to an employee.
• A potential change in the company's name will be considered by the board.

⚠️ What Could Go Wrong

• [Other] No specific risks or uncertainties are mentioned in the provided notice.

Summary

• MIRC Electronics Limited will close its trading window for its securities from April 1, 2026.
• This measure is in compliance with SEBI regulations and the company's insider trading code to prevent potential insider trading.
• The closure will be in effect until 48 hours after the declaration of the company's audited financial results.

Key Numbers & Dates

• Financial Year End: March 31, 2026
• Trading Window Closure Start: April 1, 2026
• Trading Window Reopens: 48 hours after the declaration of audited financial results.

What Changes for the Business

• All Directors, Designated Employees, and other individuals covered under MIRC Electronics' Insider Trading Code are prohibited from trading in the company's securities during the trading window closure period.
• This restriction is to ensure fair disclosure of price-sensitive information.

What to Track Next

• The date of the Board of Directors' meeting to approve the audited financial results for the quarter and financial year ended March 31, 2026, will be informed in due course.

Crest Ventures Limited has issued a notice in the Financial Express and Mumbai Lakshadeep, referencing a previous intimation. The company is informing shareholders about its Postal Ballot Notice, which has been dispatched electronically. Shareholders are urged to participate in the postal ballot via remote e-voting to approve the appointment of Mr. Rajeev Sharma as a Non-Executive, Non-Independent Director. The e-voting period is from February 28 to March 29, 2026, with results expected by March 31, 2026. The announcement is also available on the company's website.

As per SEBI regulations, MIRC Electronics Limited has announced a special window to facilitate the transfer and dematerialization of physical securities. This initiative caters to shareholders who sold or purchased physical shares before April 01, 2019. The company published this information through advertisements in the Financial Express and Navshakti on February 26, 2026.

BDH Industries Limited has announced the opening of a special window for shareholders to facilitate the transfer and dematerialisation of their physical securities. This special window will be operational for one year, from February 5, 2026, to February 4, 2027, in accordance with SEBI regulations. The notice was published in the Free Press Journal (English) and Navshakti (Marathi) newspapers.

Multiple Indian companies, including Kilitch Drugs (India) Ltd., Patel Integrated Logistics Limited, GE Power India Limited, MIRC Electronics Limited, Aimco Pesticides Limited, The Byke Hospitality Limited, Patanjali Foods Limited, Khandwala Securities Limited, Prime Property Development Corporation Limited, Mangalam Organics Limited, and Bombay Dyeing & Mfg. Co. Ltd., have published their unaudited financial results for the quarter and nine months ended December 31, 2025. These publications were made in English and Marathi editions of newspapers on February 13, 2026, as per SEBI regulations.

MIRC Electronics Limited informed the stock exchanges on February 13, 2026, about the publication of its unaudited financial results for the third quarter and nine months ended December 31, 2025, in English and Marathi newspapers, adhering to SEBI regulations. The report also features standalone unaudited financial results for Ashiana Agro Industries Limited, HHCL Bajaj Limited, and Standard Industries Limited for the same period, detailing key financial metrics like total income, net profit, and EPS.

MIRC Electronics Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, on February 11, 2026. The company reported a consolidated revenue from operations of ₹21,204 Lakhs for the third quarter ended December 31, 2025, a significant increase of 27.11% compared to ₹16,681 Lakhs in the corresponding quarter of the previous year (Q3 FY2024-25). On a sequential basis, revenue grew by 29.84% from ₹16,331 Lakhs in Q2 FY2025-26.

Despite the revenue growth, the company posted a Net Loss After Tax of ₹2,311 Lakhs for Q3 FY2025-26, compared to a Net Loss of ₹32 Lakhs in Q3 FY2024-25. This represents a substantial widening of the net loss YoY. For the nine months ended December 31, 2025, the net loss stood at ₹919 Lakhs, compared to a loss of ₹208 Lakhs in the same period last year.

Earnings Per Share (EPS) for the quarter was ₹(0.08) Basic and Diluted, compared to ₹(0.02) in the prior year's quarter. For the nine months, EPS was ₹(0.83) compared to ₹(0.18) in the previous year.

An exceptional item of ₹248 Lakhs related to a one-time increase in gratuity and leave liabilities due to legislative amendments was recognized. This was disclosed as an exceptional item. The company had previously recognized an exceptional gain of ₹2,056 Lakhs in Q2 FY2025-26 from the sale of property.

The company also confirmed that there was no deviation or variation in the use of proceeds from the Preferential Issue of ₹14,952 Lakhs, which was allotted on October 9, 2025. Of the total amount raised, ₹8,613 Lakhs was utilized for Working Capital purposes and ₹1,839 Lakhs for General Corporate Purposes, aligning with the stated objects of the issue. The balance amount of ₹4,500 Lakhs is parked in Liquid Mutual Funds. The statement on deviation or variation was reviewed by Acuité Ratings & Research Limited, the monitoring agency, and received no comments from the Audit Committee or the auditors.

The financial results for the quarter were subjected to a limited review by the statutory auditors, M M Nissim & Co LLP, who expressed an unmodified opinion.

MIRC Electronics Limited's Board of Directors, in a meeting held on February 11, 2026, approved the unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The company reported a significant year-on-year decline in revenue from operations for the third quarter of FY26, falling by 87.3% to ₹2,120.4 Lakhs from ₹16,681 Lakhs in Q3 FY25. Consequently, the net loss for the quarter widened substantially to ₹1,311 Lakhs, compared to a net loss of ₹203 Lakhs in the corresponding period of the previous year.

For the nine months ended December 31, 2025, revenue from operations decreased by 5.4% YoY to ₹51,620 Lakhs from ₹54,597 Lakhs in the prior year. The net loss for the nine-month period was ₹230 Lakhs, which was the same as the previous year's figure, though the composition was impacted by exceptional items.

The company recorded exceptional items in both periods. For Q3 FY26, an exceptional item of ₹248 Lakhs was recognized related to an increase in gratuity and leave liabilities. In contrast, Q3 FY25 had an exceptional gain of ₹2,056 Lakhs from the sale of property in Mumbai. The financials also indicated a finance cost of ₹1,280 Lakhs for the nine months ended December 31, 2025.

Significant corporate actions were noted, including the completion of a preferential allotment of equity shares aggregating to ₹14,952 Lakhs. Of this amount, ₹8,613 Lakhs were utilized for Working Capital purposes and ₹1,839 Lakhs for General Corporate Purposes, with the remaining ₹4,500 Lakhs parked in liquid mutual funds. This allotment led to an increase in the company's paid-up equity share capital to ₹3,693 Lakhs and a shift in shareholding patterns, with promoter holding decreasing and non-promoter holding increasing.

The company operates under a single reportable segment, "Consumer Durables." The statutory auditors provided an unmodified limited review report on the financial results. Furthermore, the company confirmed that there was no deviation or variation in the utilization of funds raised through the preferential issue, as reviewed and approved by the Audit Committee and reported by the monitoring agency.

MIRC Electronics Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025.

Quarterly Performance (Q3 FY26 vs Q3 FY25):

• Revenue from operations increased by 27.12% year-on-year (YoY) to ₹212.04 Cr (₹21,204 Lakhs) from ₹166.81 Cr (₹16,681 Lakhs).
• The company reported a net loss after tax of ₹9.09 Cr (₹909 Lakhs), a significant widening from the net loss of ₹2.08 Cr (₹208 Lakhs) in the corresponding quarter of the previous year.

Nine-Month Performance (9M FY26 vs 9M FY25):

• Revenue from operations for the nine months ended December 31, 2025, declined by 5.45% YoY to ₹516.20 Cr (₹51,620 Lakhs) from ₹545.97 Cr (₹54,597 Lakhs).
• The net loss after tax for the nine-month period widened to ₹32.20 Cr (₹322 Lakhs) from ₹0.63 Cr (₹63 Lakhs) in the previous year.

Financial Highlights & Other Information:

• Exceptional Items: The results for the quarter ended December 31, 2025, included an exceptional item of ₹2.49 Cr (₹248 Lakhs) representing a one-time increase in gratuity and leave liabilities. Note: There appear to be reporting inconsistencies in how exceptional items are aggregated in the provided profit and loss statement table.
• Fundraising: In previous quarters, the company completed a Rights Issue of ₹49.49 Cr and issued Unlisted NCDs worth ₹60.00 Cr. Additionally, it raised ₹149.52 Cr through a Preferential Allotment. Funds raised have been utilized for Working Capital and General Corporate Purposes.
• Share Capital: The company's paid-up equity share capital increased from ₹28.06 Cr to ₹36.94 Cr due to the preferential allotment.
• Outlook: No specific forward-looking guidance or outlook was provided in this announcement.
• Segments: The company operates in a single reportable segment: "Consumer Durables".

The Cochin Malabar Estates and Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, via newspaper advertisement in 'Financial Express' and 'Arthik Lipi'. Several other companies, including Jain Vanijya Udyog, MIRC Electronics, Avalon Technologies, Bally Jute, Dhelakhat, Auckland Jute, Rydak Syndicate, and Khaitan Wire Industries, also published their respective financial results for the period.

MIRC ELECTRONICS LIMITED has issued a regulatory notice announcing a forthcoming Board Meeting. The meeting is scheduled to take place on Wednesday, February 11, 2026, in Mumbai. This announcement is made pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary agenda for the Board Meeting is to consider and approve the unaudited financial results of the Company for the third quarter and the nine months ended December 31, 2025. This filing serves as a formal notification to the stock exchanges, BSE (Scrip Code: 500279) and NSE (Symbol: MIRCELECTR), and the investing public, indicating that the company is in the process of finalizing its financial disclosures.

As this is an advance notification of a board meeting, the actual financial performance figures, including revenue, profitability (EBITDA, PAT), margins, and earnings per share (EPS), are not yet disclosed. Similarly, there is no management guidance, outlook commentary, or details on significant financial or operational events available from this announcement. Investors and market analysts will await the official release of the approved financial results and any accompanying management commentary to assess the company's performance and future prospects.

MIRC Electronics Limited announced a significant leadership change following its Board Meeting held on January 30, 2026. The Board has approved the appointment of Mr. Gunjan Srivastava as the Chief Executive Officer (CEO) and Key Managerial Personnel of the Company. This appointment is effective from February 1, 2026.

Mr. Srivastava brings a wealth of experience, boasting over 33 years in leadership positions across prominent global consumer and technology-led brands. His expertise spans critical areas such as strategy, P&L leadership, go-to-market execution, digital transformation, and brand building, with a geographical footprint covering India, Asia-Pacific, and Europe.

His most recent role was Chief Executive Officer of BSH Home Appliances UK & Ireland, where he led the business through challenging external environments including Brexit and post-pandemic disruptions for nearly six years. Prior to that, Mr. Srivastava served as Managing Director for Sennheiser Electronics India. His earlier career includes senior leadership roles at well-regarded organizations such as Philips, Gillette, Wipro, and Apollo Healthcare, where he developed deep expertise in consumer marketing, sales, distribution, business management, and driving brand-led growth.

The Board Meeting commenced at 03:08 PM and concluded at 3:40 PM. No other financial or operational performance details were disclosed in this announcement.

MIRC Electronics Limited announced the appointment of Mr. Gunjan Srivastava as its new Chief Executive Officer (CEO), effective February 1, 2026. The decision was approved by the Board of Directors based on the recommendations of the Nomination and Remuneration Committee.

Mr. Srivastava brings over 33 years of extensive leadership experience across global consumer and technology-led brands. He holds a B. Tech (Hons.) in Mechanical Engineering from IIT (BHU), Varanasi, and an MBA from IIM Ahmedabad. His career spans strategy, P&L leadership, go-to-market execution, digital transformation, and brand building across India, Asia-Pacific, and Europe. Previously, he served as Chief Executive Officer of BSH Home Appliances UK & Ireland for nearly six years, and as Managing Director of Sennheiser Electronics India. He has also held senior leadership roles at Philips, Gillette, Wipro, and Apollo Healthcare, developing expertise in consumer marketing, sales, distribution, business management, and brand-led growth.

MIRC Electronics Limited convened its Extra-Ordinary General Meeting (EGM) on Friday, January 16, 2026, via Video Conferencing. Following the meeting, the company has submitted the Scrutinizer's Report, prepared by Mahesh M. Darji, Practising Company Secretary, detailing the consolidated results of the voting process. The report confirms that all resolutions put forth to the members were passed with the requisite majority, indicating strong shareholder consensus. The voting encompassed remote e-voting prior to the EGM and e-voting conducted during the meeting. The primary resolutions approved included: 1) A modification in the MIRC Electronics Employee Stock Option Plan 2023 Scheme, which received 149,776,012 votes in favour out of a total of approximately 149,792,027 votes cast (approximately 99.99%), with 16,015 votes against. 2) A revision in the remuneration of Mr. Shirish Suvagia (DIN: 10095690), a Whole Time Director, which garnered 149,774,000 votes in favour out of a total of approximately 149,792,027 votes cast (approximately 99.99%), with 18,027 votes against. 3) The appointment of Statutory Auditors, which secured 149,776,012 votes in favour out of a total of approximately 149,792,027 votes cast (approximately 99.99%), with 16,015 votes against. The voting patterns demonstrate overwhelming support for the company's proposed actions.

MIRC Electronics Limited conducted its Extra-Ordinary General Meeting (EGM) on January 16, 2026, where shareholders approved key resolutions. These approvals included modifications to the MIRC Electronics Employee Stock Option Plan 2023 Scheme, indicating a potential shift or refinement in employee incentive strategies. A significant outcome was the appointment of M M Nissim & Co LLP, Chartered Accountants, as the new Statutory Auditors. This appointment fills the casual vacancy that arose due to the resignation of the erstwhile auditors, ASA & Associates LLP, effective November 14, 2025. The company has stated that the integrity of past financial statements was unaffected by the auditor resignation. The appointment of M M Nissim & Co LLP, a firm with a long history dating back to 1946 and a PAN-India presence, is subject to shareholder approval, which was obtained at the EGM, and will be effective until the conclusion of the upcoming Annual General Meeting. This change in financial oversight occurs amidst a challenging financial backdrop for MIRC Electronics, which has reported persistent losses and declining revenues in recent quarters, as highlighted in previous disclosures. The company's EGM proceedings, including shareholder question-and-answer sessions and e-voting, underscored the active participation of its investors in corporate governance matters.

NA

MIRC Electronics Limited convened its Extra-Ordinary General Meeting (EGM) on Friday, January 16, 2026, through Video Conferencing. The meeting successfully transacted business as per the notice dated December 11, 2025. Key resolutions approved by shareholders included modifications to the MIRC Electronics Employee Stock Option Plan 2023 Scheme, a revision in the remuneration of Mr. Shirish Suvagia (Whole Time Director), and the appointment of Statutory Auditors to fill a casual vacancy. The proceedings were chaired by Mr. Vijay Mansukhani, Chairman and Managing Director. Voting was conducted via remote e-voting and during the EGM, with the scrutinizer's report to be submitted to the stock exchanges.

MIRC Electronics Limited convened its Extra-Ordinary General Meeting (EGM) on Friday, January 16, 2026, through Video Conferencing. The meeting successfully transacted business as per the notice dated December 11, 2025. Key resolutions approved by shareholders included modifications to the MIRC Electronics Employee Stock Option Plan 2023 Scheme, a revision in the remuneration of Mr. Shirish Suvagia (Whole Time Director), and the appointment of Statutory Auditors to fill a casual vacancy. The proceedings were chaired by Mr. Vijay Mansukhani, Chairman and Managing Director. Voting was conducted via remote e-voting and during the EGM, with the scrutinizer's report to be submitted to the stock exchanges.

MIRC Electronics Limited issued a regulatory filing on January 9, 2026, providing a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025. This standard procedural update confirms the processing and listing of dematerialized securities, with no rematerialization requests received.

This filing occurs against a backdrop of significant financial difficulties previously reported by the company. In Q1 FY26, MIRC Electronics reported a net loss of ₹1,249 lakhs, a stark contrast to the profit in the prior year's quarter, with revenues also showing steep declines. These results were accompanied by a negative EPS of ₹(0.54).

The company has been actively working to improve its financial position through capital raising measures. It successfully completed a rights issue that raised approximately ₹49.49 crore and has also received board approval for a substantial preferential issue of up to ₹149.62 crore, intended for working capital and general corporate purposes.

A notable corporate event includes the resignation of its statutory auditors, ASA & Associates LLP, effective November 14, 2025. Following this, M M Nissim & Co LLP has been appointed as the new statutory auditors. These financial and operational developments indicate the company's ongoing efforts to restructure and stabilize its business amidst persistent challenges.

MIRC Electronics Limited has announced the closure of its trading window for dealing in securities, effective from January 1, 2026. This measure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain closed for all directors, designated employees, and other persons covered under the code until 48 hours post the declaration of the un-audited financial results for the third quarter and nine months ended December 31, 2025. The specific date for the Board of Directors' meeting to approve these results will be communicated separately. This standard regulatory practice aims to prevent any potential insider trading activity around the announcement of financial performance.

MIRC Electronics Limited has scheduled an Extra-Ordinary General Meeting (EGM) for Friday, January 16, 2026, at 3:30 PM IST, to be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

The primary agenda of the EGM includes three key resolutions:

1. ESOP Plan Modification: Shareholders will vote on proposed modifications and the continuation of the 'MIRC Electronics Limited – Employee Stock Option Plan 2023' (ESOP 2023). This includes an enhancement in the total number of options to be granted, increasing from 83.76 lakh to 4.10 crore options, exercisable into equity shares. The modifications are intended to motivate and retain employees.

2. Director Remuneration Revision: The EGM will seek approval for a revision in the remuneration of Mr. Shirish Suvagia, the Whole-time Director and CFO. The proposed revised remuneration structure, effective from January 1, 2026, until April 3, 2029, includes details on basic salary, special allowance, performance pay, and various perquisites and allowances.

3. Appointment of Statutory Auditors: The meeting will also address the appointment of M/s. M M Nissim & Co LLP as the Company's Statutory Auditors to fill the casual vacancy caused by the resignation of the previous auditors, M/s. ASA & Associates LLP. The new auditors will be appointed until the conclusion of the ensuing Annual General Meeting and will conduct the audit for the Financial Year ended March 31, 2026.

Shareholders can exercise their voting rights through remote e-voting from January 13 to January 15, 2026, or through e-voting during the EGM. The company has confirmed that the necessary disclosures and notices have been sent to members electronically, adhering to SEBI and MCA regulations. The company's historical financial data indicates recurring losses and efforts towards financial restructuring through capital raises, making these EGM resolutions significant for its future direction.

MIRC Electronics Limited has formally informed the stock exchanges about the resignation of its statutory auditors, ASA & Associates LLP, effective November 14, 2025. The resignation was reviewed by the company's Audit Committee on December 11, 2025.

Audit Committee's Assessment:

• The Committee acknowledged the auditors' resignation letter and the reasons provided, dated November 14, 2025.
• Necessary clarifications were obtained from both the auditors and the management.
• The Audit Committee confirmed that there were no pending issues or disputes with the auditors at the time of their resignation.
• Crucially, the Committee concluded that the resignation does not adversely affect the integrity of the company's financial statements.
• Management has committed to addressing operational gaps and administrative challenges to ensure timely and adequate information availability moving forward.
• The Committee expressed appreciation for ASA & Associates LLP's services during their tenure and confirmed the company's regulatory compliance.

Financial Performance Context:

The resignation of auditors occurs against a backdrop of MIRC Electronics' challenging financial performance. The company has consistently reported net losses and declining revenues. For instance, Q1 FY26 saw a net loss of ₹1,249 lakh on lower revenues. Historical financial data indicates a trend of negative Net Profit (PAT) and Operating Profit Margins (OPM), with a negative Return on Equity (ROE). The company has undertaken capital raising measures, including a rights issue and a proposed preferential issue, to strengthen its financial structure and support working capital needs.

Future Outlook:

The company's future outlook remains cautious, given the persistent financial losses and the recent change in statutory auditors. While the Audit Committee has provided a clean chit regarding the integrity of past financial statements, the auditor resignation can be a point of concern for investors. The company is scheduled to hold an Extra-Ordinary General Meeting (EGM) on January 16, 2026, to seek shareholder approval for proposals related to a revised Employee Stock Option Scheme (ESOP) and director remuneration. The company has also confirmed no deviation in the utilization of proceeds from its August 2025 Rights Issue.

MIRC Electronics Limited announced on December 11, 2025, the appointment of M M Nissim & Co LLP as its new Statutory Auditors, effective immediately. This appointment fills a casual vacancy created by the resignation of ASA & Associates LLP on November 14, 2025, and is subject to shareholder approval at an upcoming EGM. Concurrently, the company is actively bolstering its financial standing through capital raising. It has completed a rights issue, netting approximately ₹49.49 crore, and has also secured board approval for a preferential issue expected to raise around ₹149.52 crore, intended for working capital and general corporate purposes. These initiatives aim to strengthen the company's financial structure and support its expansion into new segments like Electronic Manufacturing Services (EMS), Air Coolers, and Dishwashers. Despite these capital infusion efforts, MIRC Electronics reported a significant financial downturn in Q1 FY26, with revenue declining 38.15% QoQ and a net loss of ₹12.49 crore, a reversal from the prior year's profit. The company's TTM PAT remains negative at ₹-41.15 crore with a negative OPM of -4.10%. A critical concern is the substantial reduction in promoter shareholding from 53.37% in March 2024 to 40.51% in October 2025, alongside historical poor sales growth and consistent profitability challenges.

MIRC Electronics Limited's Board of Directors, in a meeting held on December 11, 2025, officially approved the appointment of M/s. M M Nissim & Co LLP, Chartered Accountants, as the company's new Statutory Auditors. This decision addresses the casual vacancy created by the resignation of the previous statutory auditors, M/s. ASA and Associates LLP, effective November 14, 2025. M M Nissim & Co LLP will hold office until the conclusion of the company's 45th Annual General Meeting, pending shareholder approval as per Section 139 of the Companies Act, 2013. The Board also noted that the Extraordinary General Meeting (EGM) notice, previously approved on November 12, 2025, requires modification to include the agenda item regarding the appointment of the new auditors. This development occurs against a backdrop of the company's challenging financial performance, including recent quarterly net losses and negative operating margins, as well as ongoing capital-raising activities.

MIRC Electronics Limited has informed the stock exchanges, BSE and NSE, about the resignation of its statutory auditors, ASA & Associates LLP. The auditors tendered their resignation letter dated November 14, 2025, as per regulatory filings.

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted the required disclosures pertaining to this change. The resignation will be formally acknowledged and reviewed by the company's Audit Committee and Board of Directors during their upcoming meetings. Subsequently, the Board will recommend the appointment of a new firm of statutory auditors for approval by the shareholders.

This event marks a significant change in the company's financial governance framework. ASA & Associates LLP, Chartered Accountants (FRN: 009571N/N500006), are the auditors who have resigned. The company has provided a copy of the resignation letter and relevant disclosures as mandated by SEBI regulations.

The timing of this auditor resignation is noteworthy, occurring shortly after MIRC Electronics reported its unaudited financial results for the second quarter and half-year ended September 30, 2025, on November 12, 2025. Earlier in the year, the company had completed a rights issue and approved a significant preferential issue to raise capital, and its Q1 FY26 results indicated net losses and declining revenues. The change in statutory auditors will be a key point of attention for investors monitoring the company's financial health and transparency.

MIRC Electronics Limited has submitted its Limited Review Report for the Unaudited Financial Results for the second quarter and half-year ended September 30, 2025 (Q2/H1 FY26). The Board of Directors convened on November 12, 2025, approving these results. The company noted that the Limited Review Report was inadvertently omitted from the initial submission and has now been filed with BSE and NSE to ensure full compliance. During the November 12 board meeting, the company also approved a revised Employee Stock Option Scheme (ESOP) 2023 and revisions to the remuneration for its Whole-time Director & CFO. An Extra-Ordinary General Meeting (EGM) is scheduled for January 16, 2026, to seek shareholder approval for these proposals. The Board also confirmed no deviation in the utilization of proceeds from the August 2025 Rights Issue.

Prime Property Development Corporation Limited submitted a newspaper clipping on November 14, 2025, containing extracts of un-audited financial results approved on November 13, 2025, for the quarter and half-year ended September 30, 2025. The published clipping features standalone and consolidated financial data for Prime Property Development Corporation, alongside consolidated results for Ipca Laboratories Limited and BDH Industries Limited, and financial information for ONIDA (MIRC Electronics Ltd.).

MIRC Electronics Limited issued a regulatory filing on November 14, 2025, announcing the publication of its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported a standalone net loss of ₹1.40 crore for Q2 FY26 with an EPS of ₹(0.06). Consolidated figures showed a net profit of ₹4.30 crore and an EPS of ₹0.19. The board also approved a revised ESOP 2023 scheme and director remuneration, with an EGM scheduled for January 16, 2026.

MIRC Electronics Limited held its Board of Directors meeting on November 12, 2025, to consider and approve key corporate actions. The board approved the unaudited financial results for the second quarter and half-year ended September 30, 2025, along with the Limited Review Report from M/s ASA & Associates LLP. Additionally, the board approved a revised Employee Stock Option Scheme (ESOP) 2023, which will be presented for shareholder approval at an upcoming Extra-Ordinary General Meeting (EGM) scheduled for January 16, 2026. The company also noted and approved the Statement of Deviation or Variation for the second quarter and half-year ended September 30, 2025, confirming that there was no deviation or variation in the utilization of proceeds from the Rights Issue (raised on August 1, 2025). The original objects for the Rights Issue funds included Working Capital (Rs 3800 Lacs), General Corporate Purpose (Rs 726 Lacs), and Issue related Expenses (Rs 422 Lacs), all of which were utilized as planned without deviation. Furthermore, the board approved a revision in remuneration for Mr. Shirish Suvagia, Whole-time Director & CFO, subject to shareholder approval.

MIRC Electronics Limited convened its Board of Directors meeting on November 12, 2025, to review and approve key corporate matters. The Board approved the unaudited financial results for the second quarter and half-year ended September 30, 2025, along with the limited review report by statutory auditors, M/s ASA & Associates LLP. Additionally, the company's Board approved a revised Employee Stock Option Scheme (ESOP) 2023, which will be presented to shareholders for approval at an Extra-Ordinary General Meeting (EGM) scheduled for January 16, 2026. This revised scheme involves the grant of 21,74,890 stock options, with vesting not before one year from the grant date and an exercise period of two years post-vesting. The Board also approved a revision in the remuneration of Mr. Shirish Suvagia, Whole-time Director & CFO, subject to shareholder consent. A significant confirmation was made regarding the utilization of proceeds from the Rights Issue (raised on August 1, 2025, for Rs 4948 Lacs), with the board noting and approving the statement of deviation or variation, confirming no deviation from the original objects: Working Capital (Rs 3800 Lacs), General Corporate Purpose (Rs 726 Lacs), and Issue-related Expenses (Rs 422 Lacs). While the specific financial figures for Q2/H1 FY26 were not detailed in this announcement, the approval signifies the completion of their review process. The company also provided details related to the ESOP scheme as per SEBI regulations.

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MIRC Electronics Limited has issued a formal notice to the BSE and NSE, dated October 10, 2025, announcing a Board Meeting scheduled for Wednesday, November 12, 2025. The meeting will take place in Mumbai. The primary agenda item for this board session is the consideration and approval of the company's unaudited financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2025-26, which concluded on September 30, 2025. This announcement is a regulatory requirement preceding the official disclosure of the company's financial performance for the said periods. As this is only a notice for a board meeting to approve results, no specific financial figures, including revenue, profit, margins, EPS, or management guidance, are yet available. Details regarding past performance, balance sheet, cash flow, or key ratios will be disclosed subsequent to the board's approval. This filing indicates that investors can expect the earnings report shortly after the November 12th meeting.

MIRC Electronics Limited (Onida) has announced a significant capital raise through a preferential issue of equity shares, approved by its Finance Committee on October 9, 2025. The committee sanctioned the allotment of 8,89,49,900 Equity Shares at an issue price of Rs 16.81 per share, totaling approximately Rs 149.52 crore. This preferential issuance is being made in accordance with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013. The shares are allotted to four investors: Authum Investment & Infrastructure Limited, Vikram Kotak (HUF), Jamish Investment Pvt. Ltd., and APT Real Estates Private Limited. Consequently, the company's fully paid-up equity share capital will increase from Rs 28.04 crore (comprising 28,04,42,464 shares) to Rs 36.94 crore (comprising 36,93,92,364 shares). The newly allotted equity shares will rank pari-passu with the existing equity shares of MIRC Electronics. This announcement does not contain details on quarterly/annual financial results, management guidance, or specific financial deep dives, focusing purely on the capital raise event and its immediate impact on the company's share capital structure.

MIRC ELECTRONICS LIMITED has filed a mandatory compliance certificate for the quarter ending September 30, 2025, as per SEBI regulations. The certificate is issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, and is received from MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent. The certificate confirms that securities received for dematerialization during the quarter were processed, confirmed (accepted/rejected) to depositories, and listed on the stock exchanges. It also confirms that security certificates were mutilated and cancelled after verification, with depositories substituted in the register of members within prescribed timelines. A note within the certificate clarifies that no requests for rematerialization were received during the quarter. This is a routine administrative and compliance-related filing, providing no insights into the company's financial performance, operational activities, future outlook, or strategic developments.

MIRC Electronics Limited has issued an intimation regarding the closure of its trading window. This action is taken in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's own 'Code for Insider Trading & Fair Disclosure of Unpublished Price Sensitive Information'. The trading window for dealing in the securities of MIRC Electronics Limited will be closed for Directors, Designated Employees, and other individuals covered under the code. The closure will begin on October 1, 2025, and will continue until 48 hours after the declaration of the company's un-audited financial results for the second quarter and half year ended September 30, 2025. These financial results are to be approved by the Board of Directors. The specific date for the Board of Directors' meeting to approve these results will be communicated by the company in due course. Designated persons within the company are strictly advised not to undertake any trading activities in the company's securities during the stipulated period of trading window closure to prevent potential insider trading. This is a routine regulatory requirement preceding the announcement of financial performance.

The news pertains to the outcome of an Extra-Ordinary General Meeting (EGM) of MIRC Electronics Limited, held on September 6, 2025, through Video Conferencing (VC/OAVM). A key resolution was proposed for the "Issue of Equity Shares on a Preferential Basis." The company appointed Mr. Mahesh M. Darji, a Practicing Company Secretary, as the scrutinizer to oversee the remote e-voting process prior to the EGM and the e-voting process conducted during the EGM. The remote e-voting facility was available from September 3, 2025, to September 5, 2025. Shareholders on the record date of August 30, 2025, were eligible to vote. The scrutinizer's report, dated September 8, 2025, confirms that the resolution for the preferential issue of equity shares was passed with an overwhelming majority. Out of the total valid votes cast, 99.99% were in favour of the resolution, and only 0.01% were against it. This high level of shareholder approval suggests strong support for the company's strategic decision to raise capital through this method. The report also notes that the resolution secured the requisite majority and may be considered passed. The company was informed of this outcome on September 8, 2025, for record.

The Extra-Ordinary General Meeting (EGM) of MIRC Electronics Limited was held on Saturday, September 6, 2025, via Video Conferencing (VC), as permitted by the Ministry of Corporate Affairs and SEBI. The primary business transacted at the meeting was the 'Issue of Equity Shares on a Preferential Basis', as per the Notice dated August 13, 2025. Mr. Kaval Mirchandani, Managing Director, presided over the EGM, as Mr. Vijay Mansukhani, Chairman and Managing Director, was unwell.

The meeting commenced after confirming the requisite quorum. The notice of the EGM was taken as read, and electronic registers were made available for inspection as per the Companies Act, 2013. Shareholders had the opportunity to vote remotely via e-voting from Wednesday, September 3, 2025 (9:00 a.m.) to Friday, September 5, 2025 (5:00 p.m.), and also through e-voting during the EGM for those who attended and could not cast their vote earlier. Mr. Mahesh Darji, a Practising Company Secretary, was appointed as the Scrutinizer to ensure a fair and transparent voting process for both remote e-voting and the EGM voting.

Given the virtual format and pre-activated remote e-voting, resolutions were not formally proposed and seconded as in traditional meetings. The Company Secretary informed that the detailed Scrutinizer's Report, along with the voting results, would be communicated to the Stock Exchanges and placed on the company's website (www.onida.com) and the website of Central Depository Services (India) Limited (CDSL) within the stipulated timeframe. Management was present and responded to questions raised by the shareholders. The EGM commenced at 3:00 p.m. and concluded at 3:40 p.m.

MIRC Electronics Limited held its 44th Annual General Meeting (AGM) on August 18, 2025, conducted entirely through Video Conferencing (VC) / Other Audio Visual means (OAVM), as per regulatory permissions. The company has submitted the Scrutinizer's Report, prepared by Practising Company Secretary Mahesh M. Darji, confirming that all resolutions put forth for shareholder vote were passed with a significant majority.

The voting process encompassed both remote e-voting prior to the AGM and e-voting during the AGM itself. Shareholders had the opportunity to vote on a total of eight resolutions. These included:

• Resolution 1: To receive, consider, and adopt the audited financial statements of the company for the financial year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.
• Resolution 2: To appoint a Director in place of Mr. Shirish Suvagia, who retires by rotation and offers himself for re-appointment.
• Resolution 3: To appoint M/s. Ragini Chokshi & Co. as Secretarial Auditors for a term of five years.
• Resolution 4: To approve the appointment of Mr. Sasha G. Mirchandani as a Director (Non-Executive & Non-Independent).
• Resolution 5: To approve the re-appointment of Mr. Kaval Mirchandani as Managing Director and his remuneration.
• Resolution 6: To approve the appointment of Mr. Shirish Suvagia as Whole Time Director and his remuneration.
• Resolution 7: To approve the re-appointment of Ms. Mohita Arora as an Independent Director.
• Resolution 8: To approve the alteration of the Articles of Association of the Company by inserting a new article 103A.

The consolidated results show that for all eight resolutions, the votes cast in favour were overwhelmingly dominant, consistently reported at 99.99% of the valid votes. Votes against were a mere 0.01%, with no invalid or abstained votes recorded for any resolution. This indicates a near-unanimous approval from shareholders on all matters presented.

This document is a procedural update regarding the AGM's voting outcome and does not contain details of quarterly or annual financial results, management guidance, outlook, or specific operational metrics.

The 44th Annual General Meeting (AGM) of MIRC Electronics Limited was held on August 18, 2025, conducted entirely through video conferencing as permitted by regulatory bodies. The meeting was presided over by Mr. Kaval Mirchandani, the Managing Director, as the Chairman, Mr. Vijay Mansukhani, was unwell. The AGM transacted several key items of business as per the notice dated May 20, 2025.

Under Ordinary Business, the members considered and adopted the audited financial statements for the financial year ended March 31, 2025, along with the accompanying reports from the Board of Directors and Statutory Auditors. An ordinary business item also involved the appointment of a Director retiring by rotation, who offered himself for re-appointment.

Special Business items included the appointment of M/s. Ragini Chokshi & Co. as Secretarial Auditors. Furthermore, the meeting sought approval for the appointment of Mr. Sasha G. Mirchandani as a Director (Non-Executive & Non-Independent). Significant re-appointments were also on the agenda: Mr. Kaval Mirchandani as Managing Director (re-designated from Whole Time Director), Mr. Shirish Suvagia as Whole Time Director, and Ms. Mohita Arora as an Independent Director. The agenda also included the alteration of the Company's Articles of Association and the ratification of remuneration for the Cost Auditors for the financial year ending March 31, 2026.

The company facilitated voting through remote e-voting, which commenced on August 15, 2025, and concluded on August 17, 2025. Shareholders attending the AGM were also provided an opportunity to cast their vote during the meeting. Mr. Mahesh Darji, Practising Company Secretary, was appointed as the Scrutinizer to ensure the fairness and transparency of the voting process. Following the transaction of business, shareholders were invited to ask questions, which were responded to by the management. The AGM commenced at 3:00 p.m. and concluded at 3:37 p.m. IST. No specific financial performance figures or future guidance were discussed in this disclosure; it pertains to procedural and governance matters.

Several Indian companies have announced their unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26). MIRC ELECTRONICS LIMITED reported a total income from operations of ₹14,140 lakh, a significant decrease of 38.9% year-on-year and 30.9% quarter-on-quarter. The company posted a net loss of ₹1,249 lakh, a stark turnaround from a profit in the previous year and quarter. Basic Earnings Per Share (EPS) turned negative at ₹(0.54).

CEMANTIC INFRA-TECH LIMITED's standalone results showed minimal total income of ₹0.07 lakh, flat year-on-year, with a net loss of ₹11.17 lakh.
GOGIA CAPITAL GROWTH LIMITED reported a sharp decline in total income to ₹21 lakh, down 75.0% year-on-year, and incurred a net loss of ₹4.46 lakh, deteriorating from a profit in the prior year.

QUINT DIGITAL LIMITED announced a substantial standalone net loss of ₹625.79 lakh for the quarter, a significant miss compared to the profits reported in the corresponding periods of the previous year and quarter. Basic EPS also turned negative at ₹0.10.

BHANDARI HOSIERY EXPORTS LIMITED posted a net profit of ₹161.90 lakh on total income of ₹620.69 lakh, showing year-on-year growth in profit (up 239.5%) but a sequential decline in both income and profit.

UNIVERSAL ARTS LIMITED, in its consolidated results, reported total income of ₹1671 lakh, up 67.8% year-on-year, and a net profit from continuing operations of ₹1162 lakh, up 126.5% year-on-year. Basic EPS stood at ₹0.12.

GARNET CONSTRUCTION LIMITED's standalone results indicated robust growth, with total income reaching ₹1662 lakh (up 1578.8% YoY) and net profit from continuing operations at ₹1168 lakh (up 1439.5% YoY). Basic EPS was ₹0.12.

Additionally, MIRC Electronics announced its Extra-Ordinary General Meeting (EGM) scheduled for September 06, 2025.

The provided news includes extracts of unaudited financial results for the quarter ended June 30, 2025, from several Indian companies.

• MIRC ELECTRONICS LIMITED: Reported a total income from operations of ₹14,140 lakhs, a decrease of 38.74% compared to ₹23,085 lakhs in Q1 FY24. The company posted a net loss of ₹1,249 lakhs for the quarter, against a profit of ₹23 lakhs in the same period last year. Basic EPS turned negative at (₹0.54) from ₹0.02 YoY.
• CEMANTIC INFRA-TECH LIMITED: Recorded total income from operations of ₹0.07 lakhs, flat YoY. The company reported a net loss of ₹11.17 lakhs, compared to a loss of ₹9.37 lakhs in Q1 FY24. Basic EPS was (₹0.04).
• UVS HOSPITALITY AND SERVICES LIMITED: Also reported a net loss of ₹11.17 lakhs for the quarter, against a loss of ₹9.37 lakhs in the prior year. Basic EPS stood at (₹0.04).
• GOGIA CAPITAL GROWTH LIMITED: Posted net profit after tax of (₹4.46) lakhs, a significant decline from a profit of ₹419.41 lakhs in Q1 FY24. Basic EPS also dropped to ₹0.07 from ₹5.84 YoY.
• QUINT DIGITAL LIMITED: Announced a net loss of ₹625.79 lakhs for Q1 FY25, a stark contrast to a profit of ₹2,45,319.93 lakhs in Q1 FY24. Basic EPS fell drastically to ₹0.10 from ₹41.02 YoY. Income from discontinued operations was ₹84.28 lakhs versus ₹3,47,967.63 lakhs YoY.
• BHANDARI HOSIERY EXPORTS LIMITED: Showed positive momentum with total income from operations at ₹620.69 lakhs, up 6.87% YoY from ₹580.68 lakhs. The net profit after tax grew by 86.09% to ₹161.90 lakhs from ₹87 lakhs in Q1 FY24. Basic EPS was ₹0.07 compared to ₹0.08 YoY.
• POPULAR VEHICLES & SERVICES LIMITED and VIPUL ORGANICS LIMITED published their result notices, but the extracts did not contain specific financial figures.

Key Events: MIRC Electronics also announced an Extra-Ordinary General Meeting (EGM) for September 06, 2025, and Quint Digital Limited has scheduled its 40th AGM for September 16, 2025, both to be held via video conference.

MIRC Electronics Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for September 6, 2025, to seek shareholder approval for a preferential issue of equity shares. The company plans to raise approximately Rs. 149.52 crore by issuing up to 8,89,49,900 equity shares at a price of Rs. 16.81 per share. The proceeds are intended for working capital requirements (Rs. 112.52 crore) and general corporate purposes (Rs. 37 crore). The issue price has been determined as per SEBI ICDR Regulations, considering the 90-day VWAP of Rs. 16.56 and 10-day VWAP of Rs. 16.79, with the issue price being Rs. 16.81. The shares will be allotted to non-promoter entities, including Authum Investment & Infrastructure Limited, Vikram Kotak (HUF), Jamish Investment Pvt. Ltd., and APT Real Estates Private Limited. The company has appointed Acuite Ratings & Research Limited as the monitoring agency for the issue proceeds, given the size exceeds Rs. 100 crore. Allottees will be subject to lock-in periods as per SEBI regulations. The company has clarified that this preferential issue will not result in any change in the management or control of the company. The EGM will be conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM), with remote e-voting facility available from September 3 to September 5, 2025.

MIRC Electronics Limited announced the outcome of its Board Meeting held on August 13, 2025. The company reported its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations stood at Rs 14,085 lakhs, marking a significant 81.17% year-on-year (YoY) decrease from Rs 74,669 lakhs in Q1 FY25. Quarter-on-quarter (QoQ), revenue declined by 38.15% from Rs 22,779 lakhs in Q4 FY25. The company incurred a net loss of Rs 1,249 lakhs for Q1 FY26, a sharp deterioration from a profit of Rs 44 lakhs in Q1 FY25 and Rs 118 lakhs in Q4 FY25. Consequently, the basic Earnings Per Share (EPS) turned negative at Rs (0.54) for the quarter, compared to Rs 0.02 in Q1 FY25 and Rs 0.05 in Q4 FY25. Total comprehensive loss for the quarter was Rs 1,276 lakhs.

The company also approved a preferential issue of up to 8,89,49,900 equity shares of face value Re. 1/- each at an issue price of Rs 16.81 per share, aggregating to approximately Rs 149.62 crore. This issue is subject to shareholder and regulatory approvals. Key allottees include Authum Investment & Infrastructure Limited, Vikram Kotak (HUF), Jamish Investment Pvt. Ltd., and APT Real Estates Private Limited.

The results were reviewed by the Audit Committee and have been taken on record by the Board. The statutory auditors have issued an unmodified opinion on these results. Notably, exceptional items of Rs 223 lakhs related to prior year Extended Producer Responsibility obligations, recognised in Q1 FY25, were reversed in Q4 FY25. The company operates in a single segment, 'Consumer Durables'. Previous announcements include the allotment of shares via a Rights Issue on August 1, 2025, and the approval and allotment of Non-Convertible Debentures (NCDs) totaling Rs 30 crore on July 22, 2025.

MIRC Electronics Limited has issued a formal intimation regarding a Board Meeting scheduled for Wednesday, August 13, 2025. The meeting's key objectives are twofold: first, to consider and approve the unaudited financial results for the quarter that concluded on June 30, 2025 (Q1 FY26). Second, and significantly, the Board will deliberate upon and potentially approve a proposal for raising capital. This fundraising initiative could involve the issuance of various financial instruments, including but not limited to equity shares, warrants, convertible preference shares, or convertible/non-convertible securities. The proposed methods for capital infusion include preferential issues, private placements, qualified institutional placements, or a combination of these, subject to obtaining necessary regulatory and shareholder approvals. Concurrently, the company reminded stakeholders that the trading window for dealing in the company's equity shares remains closed for designated persons and their relatives from July 1, 2025, until 48 hours after the conclusion of this Board Meeting, as per its Insider Trading Code.

Gulita Securities Limited, identified as part of the promoter group, has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, with the stock exchanges (BSE and NSE) concerning its holdings in MIRC Electronics Limited. The disclosure details an acquisition of 5,834,436 shares, representing 2.53% of the total share capital, through a rights issue. The transaction date was August 6, 2025. Prior to this acquisition, Gulita Securities held 27,227,372 shares, amounting to 11.79% of MIRC Electronics' share capital. Following the acquisition via the rights issue, which increased the total equity share capital of MIRC Electronics from 230,952,619 shares to 280,442,464 shares, Gulita Securities' holding stands at 33,061,808 shares. This post-acquisition holding continues to represent 11.79% of the company's expanded equity share capital. This filing signifies a direct capital infusion and increased shareholding by the promoter group entity during a rights issue, reflecting continued commitment or participation in the company's capital raising exercise.

• The disclosure by Gulu Mirchandani, Trustee of the GLM Family Trust, pertains to MIRC Electronics Limited and is filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.
• Acquisition Details: The GLM Family Trust acquired 11,503,797 equity shares, representing 4.98% of the company's total diluted share capital, through a Rights Issue on August 6, 2025.
• Shareholding Evolution:
* Prior to the acquisition, the trust held 53,684,390 shares, constituting 23.24% of the total equity capital (pre-rights issue of 23,09,52,619 shares).
* Following the rights issue and acquisition, the trust's total holding increased to 65,188,187 shares.
* This new holding represents 23.24% of the company's post-rights issue equity capital of 28,04,42,464 shares.
• Impact: The transaction signifies the promoter group's participation in the company's capital raise, increasing their absolute number of shares while maintaining their percentage stake due to the rights issue's dilutive effect on the overall equity base.
• Regulatory Context: Such disclosures are mandated when a significant threshold of shareholding is crossed or when specific acquisition/disposal events occur, ensuring transparency in market dealings. This filing confirms compliance with SEBI's takeover code.
• Financials & Outlook: This specific announcement does not contain information on financial performance, management guidance, order book, or other operational aspects of MIRC Electronics Limited. It is purely a shareholding disclosure.

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MIRC Electronics Limited has issued a formal notice regarding a Board Meeting scheduled to take place on Wednesday, August 13, 2025, in Mumbai. The core purpose of this meeting is for the Board of Directors to consider and approve the company's unaudited financial results for the first quarter of the fiscal year 2025-26, which concluded on June 30, 2025. This announcement fulfills regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and informs investors about the upcoming release of quarterly financial performance data. No specific financial figures or outlook details are provided in this notice.

MIRC Electronics Limited has finalized its rights issue, with advertisements published on August 6, 2025, in Financial Express, Jansatta, and Navshakti. The basis of allotment was approved on August 1, 2025, with shares credited to demat accounts on August 6, 2025, and trading expected to commence on August 7, 2025. The issue was for approximately ₹49.49 crore (4,94,89,847 shares at ₹10 each) and was oversubscribed by 199.52%. E-Land Apparel Limited announced its 28th Annual General Meeting (AGM) to be held on August 22, 2025, via Video Conferencing, with remote e-voting available from August 20th to August 25th, 2025. Shahlon Silk Industries Limited informed that unclaimed dividends from FY 2017-18 will be transferred to the Investor Education and Protection Fund Authority (IEPF) in November 2025, with a shareholder claim deadline of September 15, 2025. Union Quality Plastics Limited will hold a board meeting on August 13, 2025, to approve its un-audited financial results for the quarter ended June 30, 2025. Him Teknoforge Limited announced a special one-time window for re-lodging physical share transfer requests from July 7, 2025, to January 6, 2026, for previously rejected applications due to documentation issues, processed only in dematerialized form. Simplex Papers Limited reported a net loss of ₹2.60 lakh for the quarter ended June 30, 2025, on total income from operations of ₹30.66 lakh, with basic and diluted EPS at (₹0.95). Sheela Foam Limited announced its board had approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2025, during its meeting on August 5, 2025.

MIRC Electronics Limited has announced the successful completion of its rights issue. The company allotted 4,94,89,845 fully paid-up equity shares of face value ₹1 each at an issue price of ₹10 per share (including a premium of ₹9), raising approximately ₹4948.98 lakhs. The issue saw a subscription of 199.52% of the total shares offered. Allotment advice and refund intimations were dispatched on July 30, 2025. The credit of rights equity shares in dematerialised form was completed on August 6, 2025, and trading on BSE and NSE is expected to commence from August 7, 2025. Advertisements regarding the rights issue were published in Financial Express, Jansatta, and Navshakti on August 6, 2025.

Simplex Papers Limited published its standalone unaudited financial results for the quarter ended June 30, 2025. The company reported a net loss for the period after tax of ₹2.596 lakhs, compared to a net loss of ₹3.79 lakhs in the same quarter last year. The basic and diluted Earnings Per Share (EPS) for the quarter stood at (₹0.94) per share.

Other companies also made announcements: E-Land Apparel Ltd. has scheduled its 28th Annual General Meeting (AGM) for August 22, 2025, to be held via Video Conferencing. Shahlon Silk Industries Ltd. notified shareholders that dividends declared in FY 2017-18, if unclaimed for seven consecutive years, will be transferred to the IEPF Authority in November 2025, with a deadline for claims on September 15, 2025. Union Quality Plastics Limited will hold a Board meeting on August 13, 2025, to approve its Q1 FY26 results, and Sheela Foam Limited has already approved its Q1 FY26 results in a board meeting on August 5, 2025. Him Teknoforge Limited announced a special window for re-lodgment of physical share transfer requests from July 7, 2025, to January 6, 2026.

MIRC Electronics Limited has officially announced the successful allotment of equity shares stemming from its previously approved rights issue. The company's Rights Issue Committee, in a meeting held on August 1, 2025, finalized and approved the allotment of 4,94,89,845 fully paid-up equity shares. Each share was issued at a price of Rs. 10, comprising a face value of Re. 1 and a premium of Rs. 9. This issuance, part of the company's plan to raise up to Rs. 50 crore, has effectively brought in approximately Rs. 49.50 crore.

This significant capital infusion has led to an increase in the company's paid-up equity share capital. It has risen from the previous figure of Rs. 23,09,52,619, representing 23,09,52,619 equity shares of Re. 1 each, to Rs. 28,04,42,464, representing 28,04,42,464 equity shares of Re. 1 each. The net increase in share capital is Rs. 4,94,89,845. The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing its earlier intimation on September 2, 2024. The meeting of the Rights Issue Committee commenced at 11:30 a.m. and concluded at 12:15 p.m. No specific details regarding the utilization of the funds or forward-looking guidance were provided in this particular announcement.