Financial Results (Unaudited)
The Board approved the unaudited financial results for the second quarter and half year ended September 30, 2026, which were reviewed by the Audit Committee and subject to a limited review by statutory auditors M/s. M M Nissim & Co LLP.
Quarter Ended September 30, 2026 (Rs. in Lakhs):
- Revenue from operations: ₹19,864
- Other Income: ₹91
- Total Income: ₹19,955
- Total Expenses: ₹23,136
- Loss before tax: ₹(3,181)
- Exceptional items: ₹(803) [related to Voluntary Retirement Scheme at Wada Plant]
- Loss after exceptional items and before tax: ₹(3,984)
- Tax Expense: ₹-
- Loss after tax: ₹(3,984)
- Other Comprehensive Income: ₹6
- Total Comprehensive Loss: ₹(3,978)
- Paid-up Equity Share Capital: ₹3,697 lakhs (36,97,00,000 shares of Re. 1/- each)
- Basic and Diluted EPS before exceptional item: (₹0.84)
- Basic and Diluted EPS after exceptional item: (₹1.08)
Half Year Ended September 30, 2026 (Rs. in Lakhs):
- Revenue from operations: ₹38,105
- Other Income: ₹332
- Total Income: ₹38,437
- Total Expenses: ₹43,036
- Loss before tax: ₹(4,599)
- Exceptional items: ₹(803)
- Loss after exceptional items and before tax: ₹(5,402)
- Tax Expense: ₹-
- Loss after tax: ₹(5,402)
- Other Comprehensive Income: ₹13
- Total Comprehensive Loss: ₹(5,389)
- Basic and Diluted EPS before exceptional item: (₹1.24)
- Basic and Diluted EPS after exceptional item: (₹1.48)
Comparative Figures (Rs. in Lakhs):
- Quarter Ended September 30, 2025: Loss after tax of ₹(178)
- Half Year Ended September 30, 2025: Loss after tax of ₹(1,427)
- Year Ended March 31, 2026: Loss after tax of ₹(7,474)
Board Decisions and Corporate Actions
1. Director Appointment:
- Based on Nomination and Remuneration Committee recommendation, the Board approved appointment of Mr. Rajan Vaidya (DIN: 02791536) as Additional Director (Independent Director) for a consecutive term of five years effective November 14, 2026, subject to member approval.
2. Director Cessation:
- Mr. Arvind Sharma (DIN: 01229072) will complete his term as Independent Director on November 13, 2026 and cease to be director from that date.
3. ESOP Grants:
- Approved grant of 400,000 Employee Stock Options to eligible employees under MIRC Electronics Employee Stock Option Plan, 2023.
- Exercise price will be 30% discount of November 3, 2026 closing share price but not lower than exercise price for options granted on July 4, 2026.
- Options vest subject to achievement of performance milestones and 1-year vesting period.
- Vested options can be exercised within 2 years from vesting date.
4. ESOP Allotment:
- Allotted 22,060 equity shares of Re. 1/- each pursuant to exercise of vested Employee Stock Options at exercise price of ₹14.10 per share.
- Consequent to this allotment, paid-up Equity Share Capital increased to ₹36,95,49,904 divided into 36,95,49,904 equity shares of Re. 1/- each.
5. Registered Office Shift:
- Approved shifting of registered office from Onida House, G-1, Mahakali Caves Road, Chakala MIDC, Andheri (East) Mumbai - 400093 to 2nd Floor, Opus Centre, 47, Central Road, MIDC, Andheri East Mumbai - 400093 within same city limits.
- Effective from November 16, 2026.
6. Extraordinary General Meeting:
- Notice of EGM to be held on Friday, February 5, 2027 to seek member approval for matters mentioned in the notice.
Financial Position (As at September 30, 2026)
- Total Assets: ₹54,921 lakhs (Previous: ₹52,362 lakhs as at March 31, 2026)
- Total Equity: ₹19,658 lakhs (Previous: ₹23,778 lakhs)
- Total Liabilities: ₹35,263 lakhs (Previous: ₹28,584 lakhs)
- Current Assets: ₹45,087 lakhs (Previous: ₹42,506 lakhs)
- Current Liabilities: ₹31,842 lakhs (Previous: ₹23,837 lakhs)
Cash Flow (Half Year Ended September 30, 2026)
- Net cash used in operating activities: ₹(4,566) lakhs
- Net cash from investing activities: ₹4,291 lakhs
- Net cash used in financing activities: ₹(919) lakhs
- Net decrease in cash and cash equivalents: ₹(919) lakhs
- Cash and cash equivalents at end: ₹428 lakhs