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MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.
The company allotted 5.68 Cr equity shares on a preferential basis to acquire a 59% stake in Neo Semi SG Pte. Ltd. This transaction increased the company's paid-up capital from ₹48.20 Cr to ₹59.57 Cr.
MIC Electronics has incorporated MIC Defence Systems Private Limited, a new wholly-owned subsidiary. This entity will focus on defence electronics, aerospace, and cyber security solutions, with an authorized share capital of ₹0.1 Cr, signaling an expansion into the defence sector.
MICEL gained approval for a preferential issue of ~5.69 Cr equity shares, priced from Rs. 41.38 each, as a share swap to acquire Neo Semi Sg PTE. Ltd. This expands their business portfolio. Allotment expected within 15 days.
MIC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
MIC Electronics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2026