Description
Mirc Electronics Ltd lists 49.49 million new equity shares issued through rights issue at Rs. 10 per share, effective August 8, 2025.
Summary
Mirc Electronics Ltd (Scrip Code: 500279) has listed 49,489,845 new equity shares of Rs. 1 each issued at a premium of Rs. 9 through rights issue. The new shares will commence trading on BSE from August 8, 2025.
Key Points
- 49,489,845 new equity shares of Rs. 1 face value each
- Issue price: Rs. 10 per share (Rs. 1 face value + Rs. 9 premium)
- Rights basis issuance to existing shareholders
- New shares rank pari-passu with existing equity shares
- ISIN: INE831A01028
- Distribution numbers: 306097195 to 355587039
Regulatory Changes
No regulatory changes specified in this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- New shares permitted for trading with standard exchange regulations
Important Dates
- Allotment Date: August 1, 2025
- Trading Commencement: August 8, 2025
- Notice Date: August 7, 2025
Impact Assessment
The rights issue represents a significant capital expansion for Mirc Electronics Ltd, with approximately 49.5 million new shares entering the market. This will result in equity dilution for existing shareholders but provides additional capital to the company. The pari-passu ranking ensures equal rights for new and existing shareholders.
Impact Justification
Significant equity dilution through rights issue affecting existing shareholders