MIRC Electronics' Finance Committee has approved the allotment of 8.89 Cr equity shares via a preferential issue to four investors at Rs. 16.81 per share, raising approximately Rs. 149.52 Cr.

This significant capital infusion boosts the company's fully paid-up equity share capital from Rs. 28.04 Cr to Rs. 36.94 Cr.

This move strengthens the balance sheet and provides resources for strategic business initiatives, enhancing long-term value for shareholders.