Description
BSE announces listing of 49.49 million new equity shares of Mirc Electronics Ltd issued through rights offering, effective August 8, 2025.
Summary
BSE has announced the listing of 49,489,845 new equity shares of Mirc Electronics Ltd (Scrip Code: 500279) issued through a rights offering. The shares will commence trading on Friday, August 8, 2025, and rank pari-passu with existing equity shares.
Key Points
- 49.49 million new equity shares of Rs. 1 face value each
- Issued at premium of Rs. 9 per share (total issue price Rs. 10 per share)
- Rights basis issuance with allotment date August 1, 2025
- New ISIN: INE831A01028
- Distinctive numbers: 306097195 to 355587039
- Shares rank equally with existing equity shares
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Standard listing compliance requirements apply
- Shares subject to existing regulatory framework
Important Dates
- Allotment Date: August 1, 2025
- Trading Commencement: August 8, 2025 (Friday)
- Notice Date: August 7, 2025
Impact Assessment
The listing represents a significant expansion of Mirc Electronics’ equity base with nearly 50 million new shares. While this increases the total share count substantially, the rights issue structure ensures existing shareholders maintain proportional ownership. Market impact expected to be moderate given the rights issue nature and advance notice to trading members.
Impact Justification
Routine listing of rights issue shares with significant volume but limited market disruption