MIRC Electronics Ltd Company History

The Company was incorporated on 01 January as Mirc Electronics

Private Limited. The word Private was deleted from the name on 13th

September, 1988 pursuant to Section 43-A(1A) of the Act, and a fresh

certificate was issued by the Registrar of Companies, Maharashtra on

18th September, 1992 converting the company into a Public Limited

Company.

Mirc Electronics Limited was promoted by Mr. Gulu L. Mirchandani, Mr.

Vijay J. Mansukhani and Mr. Sonu L. Mirchandani. Guviso Holdings

Limited is the holding company of Mirc Electronics Limited.

The other listed companies promoted by the promoters are Onida Saka

Ltd., Onida Savak Ltd. and Monica Electronics Ltd. which are engaged in

the manufacture of Colour Televisions, Black & White Televisions, Video

Cassette Recorders, Audios, Air Conditioners, Washing Machines,

Electronic Tuners and other electronic products.

The Company has launched two new models with better aesthetics and

quality that the `ONIDA' brand demands. With the introduction of full

range of Black & White televisions.

The Company has also recently launched a new colour television,

incorporating state-of-the-art features for superlative performance.

The remote control set for this product offers "master command", which

have been recently introduced in Japan.

The Company has also introduced "Brother" fax machines in the Indian

market.

The Company had offered for public subscription 12,67,500-15% Secured

Fully Convertible Debentures of Rs.225/- each aggregating to Rs.28.52

crores.

The Company is also introducing 'ONIDA ARCADES', which shall be

exclusive 'ONIDA' showrooms, situated in the prestigeous upmarket

locations.

The Company had launched 6 new models in the middle segment,

introducing products like Stereo Radio Recorders and MIDI systems.

As on 1st April, 16,90,000 Part 'B' Fully Convertible Debentures of

the Company has been converted into 16,90,000 No. of Equity Shares of

Rs.10/- each at a premium of Rs.140/- each; and 1,70,000 Part 'A'

Convertible Portion of NCD's issued on private placement to Unit Trust

of India had been converted into 1,70,000 Equity Shares of Rs.10/- each

at a premium of Rs.140/- each aggregately resulting in an increase of

the Equity Capital from Rs. 5.17 crores to Rs.7.03 crores.

The Company introduced the state of the art Wide Vision (16.9 aspect

ratio) TVs and top of the line Component Audio systems.

The Company introduced three contemporary models (component systems)

targeted at the top end of the Audio Market. The products have been

well received in the market.

The Company introduced two new products in the personal audio systems

category and three models in the low end market.

The Company was awarded ISO 9001 certification during the period

under review. The improved compliance with the laid down Systems &

Procedures, Total Quality Management discipline, Cost reduction & Value

engineering would go a long way in fine tuning the performance of your

Company.

The Company has come out with a new range of products christened

"Techno Value", which have been launched with considerable success.

In technical collaboration with JVC, the company has also launched

several other products aimed at the top-end of the market. These

include a 42-inch plasma TV, a 29-inch flat TV, and a 29-inch swivel

base TV. For the young generation, it has launched 14-inch TVs with

colour bodies called Candy.

The Company had launched two brands Web Cruiser (television with

Internet facility) and Candy, about a month back.

The Company launched two brands -- Web Cruiser (television with

Internet facility) and Candy this year.

The Company recently introduced `Igo' the economy model.

The Company launched 13 new products, a few of which took even its

multinational competitors by surprises.

The Company has introduced Onida KY Thunder, incorporating

bassblaster technology.

The company, manufacturer of the Onida brand of television, has been

awarded the second prize for excellence in consumer electronics by the

Ministry of Information Technology.

Mirc Electronics, makers of the Onida band of Television, has joined

hands with Italian Professional designer Gulliano Bellini and SRS labs

Inc of the US, to launch a designer 21-inch colour tevevision,

"Profile".

Mirc Electronics, manufacturers of Ondia telvision, has won the A&M

award in the gold category for its television commercial, Kargil.

The Company has tied-up with the US-based TeleCruz Technology to

manufacture Internet TVs and set-top boxes.

The Company approved the proposal of issue up to 20,00,000 No. Equity

shares to UTI and up to 10,00,000 No.of equity shares to LIC of India

on preferential basis.

Company declares interim dividend @225% on the paid up share capital of the

company.

The Board approves the Scheme of Arrangement of Onida Infotech Services Ltd

with the company.

Mirc releases a new TV brand 'Igo' targeting the rural market.

Mirc wins case filed by Sony, since their were no complaints launched by any customer

against Mirc.

Promoters of Mirc have increased their stake in the company by 7% to the present 64%

through the creeping acquisition route.

Mirc Electronics forays into audio, air-conditioner and home appliances market.

Fitch Ratings India Private Limited assigned a 'F1 + (ind)' [F one plus (ind)] rating to the Rs.200mn commercial paper programme of the company

The company's equity shares having a nominal and paid up face of Rs 10/- per share are subdivided into Equity Shares having a nominal and paid up face value of Re 1/- per share.

Company has appointed Mr Vinod Verma as its Company Secretary and Compliance Officer wef November 1, 2003 after Mr Sanjay Jain resigned from the post.

MIRC Electronics members approve increase in FII Limits to 49%

Mr Vinod Verma, GM Finance & Company Secretary of the Company is hereby appointed as the Compliance Officer

Mirc Electronics Ltd. has informed that pursuant to the Companys application for voluntary delisting of equity shares under SEBI (delisting of securities) Guidelines 2003, the Bangalore Stock Exchange Limited vide their Letter dated January 30, 2004 have delisted the Companys securities from their exchange wef January 30, 2004.

Equity shares delisted from Delhi Stock Exchange

Delists Shares from Madras Stock Exchange

Mirc Electronics ties up with Wal-Mart for putting made-in-India TV

Mirc Electronics claimed that it had become the second largest CTV maker in the country

Mr. Girjesh Shrivastava has been appointed as Assistant Company Secretary and Compliance Officer of the company.

Mirc Electronics has declared an interim dividend @ 75%

Mirc Electronics has recommended 100% dividend

Mirc Electronics has recommended a dividend of Rs 0.40/- per equity share of face value of Re 1/- each

Mirc Electronics Ltd has recommended a dividend of Re. 0.95 paise per equity share of face value of Re. 1/- each

Mr. Shatrughan Singh has joined the company as Deputy Company Secretary.

Mirc Electronics have recommended a dividend of Re. 1.00 per equity share of Re. 1 each.

Mr. Shyamsunder Dhoot, Vice President-Operations has been appointed as an Additional & Whole Time Director of the Company

Dr. YV Verma has been appointed as the Chief Executive Officer of the company

Won an award from MICE Travel Mart Corporate Star Awards 2013 for "Best Incentive program for Distributors/Dealers Onida ranked 27th position in the The Brand Trust Report, India Study 2013.

Mirc Electronics focuses to gain market leadership in consumer durables segment.

The Company was appointed as the authorised national distributor for Vivitek range of Data Projectors.

The Company launched the I-genius Smart Air Conditioners. This AC is based on the IOT – INTERNET OF THINGS technology and can be completely controlled from the owner’s Smart Phone through Wi-Fi.

Regalio Invertor AC Launched - Taking Artificial Intelligence to the next level, Introducing Smart Wi-Fi AC with Inverter technology which caters to the taste of evolving Indian consumers.

Amalgamation of Akasaka Electronics Limited (Transferor Company) with MIRC Electronics Limited (Transferee Company).

Launched the KY Super thunder reloaded, maximum impact maximum sound powered by Android 7.0. Launched The UIC SERIES, A google certified artificial Intelligence 4k UHD TV powered by Android 8.0

MIRC Electronics Limited has launched Refrigerators ''.