MIRC Electronics Limited (MIRCELECTR) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
Correction of stock option pricing formula date from April 16 to April 1, 2026
🔄 What Changed
Corrected erroneous date in pricing formula from April 16, 2026 to April 1, 2026
💡 Investor Takeaway
Shareholders should note the correction ensures accurate option pricing terms for employee grants.

MIRC Electronics corrected a pricing formula error in its May 20, 2026 stock option grant announcement, specifying April 1, 2026 as the correct reference date instead of April 16, 2026. The company granted 1.6 million stock options to employees under its 2023 plan, each convertible into one Re. 1 face value share at a 30% discount to the April 1, 2026 closing price, with a floor price of Rs. 16.81 per share. Options vest upon performance milestones after one year and can be exercised within two years of vesting.

📄 View Original Announcement (PDF)

About MIRC Electronics Limited (MIRCELECTR)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹1,528.55 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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