MIC Electronics has received in-principle approval from both the BSE and NSE for a preferential issue of equity shares to fund its acquisition of Singapore-based Neo Semi Sg Pte Ltd. The move signals progress in the company’s strategic expansion through a share swap mechanism.

The company disclosed on August 26, 2026, that it secured the necessary regulatory clearances to issue 5,68,73,418 equity shares with a face value of Re. 2/- each. The issuance is priced at not less than ₹41.38 per share and will be allotted to non-promoters as part of the transaction.

Deal Structure and Timeline

The preferential allotment is being executed under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approvals were granted by:

• BSE Limited, vide letter no. LOD/PREF/MV/FIP/704/2026-27 dated August 25, 2026
• National Stock Exchange of India Limited, vide letter no. NSE/LIST/54442 dated August 25, 2026

MIC Electronics stated that it will complete the allotment within 15 days. This timeline is subject to the receipt of Neo Semi shares from the proposed allottees via share transfers and the completion of other procedural compliances.

What the Numbers Show

The transaction structure relies entirely on a share swap rather than cash consideration for the acquirer. By issuing nearly 5.69 crore new shares at a floor price of ₹41.38, MIC Electronics is diluting existing equity to acquire the target entity. The total potential value of the issuance, based on the minimum price, stands at approximately ₹23.53 crore (5.68 crore shares * ₹41.38), representing the valuation ceiling for this specific leg of the acquisition mechanism.

MIC Electronics Limited has scheduled its 38th Annual General Meeting (AGM) for Wednesday, September 16, 2026, at its registered office in Hyderabad. The meeting coincides with the release of the company’s Annual Report for FY26.

The register of members and share transfer books will remain closed from Friday, September 11, 2026, to Wednesday, September 16, 2026, inclusive. Thursday, September 10, 2026, is designated as the cut-off date for determining voting eligibility.

E-Voting Facility

Shareholders may cast votes electronically through the Central Depository Services (India) Limited (CDSL) platform. The remote e-voting window opens on Sunday, September 13, 2026, at 9:00 am and closes on Tuesday, September 15, 2026, at 5:00 pm.

Compliance and Disclosure

In adherence to SEBI Listing Regulations, the AGM notice and annual report have been dispatched electronically to members with registered email addresses. Those without registered emails will receive a letter containing web links to access the documents.

The filing was signed by Lakshmi Sowjanya Alla, Company Secretary and Compliance Officer, on August 22, 2026.