MIRC Electronics Corrects ESOP Grant Pricing Date

MIRC Electronics submitted a clarification to BSE and NSE regarding an erroneous date in its ESOP grant announcement.
The company corrected the pricing formula reference date from April 16, 2026 to April 1, 2026 for its employee stock option plan.
The ESOP plan grants 1.6 million options with exercise price at 30% discount to April 1 closing price, minimum ₹16.81 per share.
Options vest based on performance milestones after minimum one year and can be exercised within two years from vesting date.