Description

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

Key Points

  • Total New Shares: 8,89,49,900 equity shares of Re. 1/- each
  • Issue Price: Rs. 16.81 per share (including premium of Rs. 15.81)
  • Allotment Date: October 9, 2025
  • Trading Commencement: February 6, 2026
  • Distinctive Numbers: 355587040 to 444536939
  • ISIN: INE831A01028
  • Issue Type: Preferential allotment to non-promoters
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard new securities listing notification following SEBI guidelines for preferential allotment.

Compliance Requirements

  • Trading Members: Must note the new securities for trading from February 6, 2026
  • Lock-in Compliance: All 8,89,49,900 shares are locked-in until August 15, 2026 and cannot be transferred during this period
  • Market Systems: Update systems to reflect increased share capital and distinctive number ranges

Important Dates

  • Allotment Date: October 9, 2025
  • Trading Start Date: February 6, 2026 (Friday)
  • Lock-in Expiry: August 15, 2026
  • Circular Date: February 5, 2026

Impact Assessment

Dilution Impact: The preferential issue of 8.89 crore shares represents significant equity dilution for existing shareholders. The actual dilution percentage depends on the pre-issue share capital, but given the large quantum, it could be material.

Pricing: The issue price of Rs. 16.81 per share will serve as a reference point for market participants. The premium of Rs. 15.81 over face value indicates the shares were issued at a substantial premium.

Liquidity: The addition of 8.89 crore shares will increase the free float once the lock-in expires on August 15, 2026, potentially improving liquidity in the scrip.

Lock-in Period: The 6-month lock-in period (from allotment to August 2026) means these shares will not be available for trading by the allottees until mid-August 2026, limiting immediate supply pressure.

Non-Promoter Allotment: The fact that shares were issued to non-promoters suggests capital raising from institutional or strategic investors rather than promoter group entities.

Impact Justification

Significant equity dilution with 8.89 crore new shares issued at premium to non-promoters on preferential basis, subject to lock-in until August 2026. Material for existing shareholders due to potential dilution impact.