Description

Listing and trading approval for 8,89,49,900 equity shares of Mirc Electronics Ltd issued on preferential basis to non-promoters, effective February 6, 2026.

Summary

BSE has approved the listing of 8,89,49,900 new equity shares of Mirc Electronics Ltd (Scrip Code: 500279) issued on a preferential basis to non-promoters. The shares will commence trading on February 6, 2026, and are subject to a lock-in period until August 15, 2026. The shares were allotted on October 9, 2025, at an issue price of Rs. 16.81 per share (face value Re. 1 with premium of Rs. 15.81).

Key Points

  • 8,89,49,900 equity shares of Re. 1 each listed on BSE
  • Issued to non-promoters on preferential basis
  • Issue price: Rs. 16.81 per share (Re. 1 face value + Rs. 15.81 premium)
  • Trading commencement date: February 6, 2026
  • Shares rank pari-passu with existing equity shares
  • Distinctive numbers: 355587040 to 444536939
  • ISIN: INE831A01028
  • Scrip Code: 500279

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities issued under preferential allotment regulations.

Compliance Requirements

  • Trading members must note the new securities are available for trading from February 6, 2026
  • All 8,89,49,900 shares are subject to mandatory lock-in restrictions
  • Lock-in compliance must be maintained until August 15, 2026
  • Shares cannot be transferred or traded by allottees during the lock-in period

Important Dates

  • Allotment Date: October 9, 2025
  • Trading Commencement: February 6, 2026
  • Lock-in Expiry: August 15, 2026

Impact Assessment

Dilution Impact: The preferential issue represents a significant capital raise for Mirc Electronics Ltd. With nearly 89 million new shares issued to non-promoters, existing shareholders will experience dilution in their ownership percentage.

Market Impact: Medium impact as the shares are locked-in until August 15, 2026, preventing immediate selling pressure. However, the substantial increase in share capital (approximately Rs. 149.5 crores at issue price) indicates significant fundraising that may be used for business expansion or debt reduction.

Trading Implications: While shares are technically listed, the lock-in restriction means these specific shares will not be available for trading until mid-August 2026, limiting immediate liquidity impact on the scrip.

Impact Justification

Medium importance due to substantial preferential allotment (88.9 million shares) with lock-in period, affecting existing shareholder dilution and trading availability