MIC Electronics Limited has announced a comprehensive board meeting scheduled for March 30, 2026, at its registered office to consider multiple strategic acquisitions and business restructuring initiatives. The meeting, convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will address several significant corporate actions that could reshape the company's business portfolio.

Major Acquisition Proposals

The board will deliberate on two substantial acquisition proposals that involve strategic share swap arrangements:

Both acquisitions will be executed through preferential issue of equity shares on a non-cash basis, with the company issuing shares to the selling shareholders of the target companies.

Business Restructuring Initiatives

The board will also consider significant internal restructuring measures involving the company's subsidiary operations:

• Subsidiary Share Transfer: Approval for transfer of 20,000 equity shares (40% stake) held by the company in MICK Digital India Limited to LED India Private Limited
• Business Division Transfer: Hiving off the Lighting Division and Medical and Other Appliances Division to MICK Digital India Limited through a slump sale under a Business Transfer Agreement
• Consideration Structure: The transfer consideration will be discharged through allotment of equity shares by MICK Digital India Limited

Governance and Administrative Matters

Several governance-related items are scheduled for board consideration:

Authorization and Documentation

The board will authorize Mr. Kaushik Yalamanchili, Managing Director, for negotiation, execution, and signing of all definitive agreements and ancillary documents relating to the proposed transactions. This comprehensive authorization will enable the management to proceed with the implementation of approved strategic initiatives.

The formal intimation, dated March 24, 2026, was signed by Lakshmi Sowjanya Alla, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements. The meeting agenda also includes provisions for any other business matters with the Chairman's permission, indicating the board's readiness to address additional strategic considerations as they arise.

RRK Enterprise Private Limited has announced the disposal of 50,00,000 equity shares in MIC Electronics Limited through open market transactions. The disclosure was made on February 18, 2026, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share disposal was executed through open market transactions conducted between November 14, 2025 and February 18, 2026. RRK Enterprise Private Limited, identified as a promoter entity of MIC Electronics Limited, sold 50,00,000 equity shares representing 2.07% of the total share capital.

Shareholding Changes

The transaction resulted in a significant reduction in RRK Enterprise's stake in MIC Electronics Limited. The promoter entity's shareholding decreased from 49.27% to 47.18% following the disposal.

Company Information

MIC Electronics Limited's shares are listed on both BSE Limited (Scrip Code: 532850) and National Stock Exchange of India Limited (Symbol: MICEL). The company's equity share capital remains unchanged at Rs. 48,20,23,120 divided into 24,10,11,560 equity shares of Rs. 2 each.

Regulatory Compliance

RRK Enterprise Private Limited, incorporated with CIN U72200TG1998PTC029974 and registered office in Hyderabad, Telangana, submitted the disclosure to both stock exchanges as required under SEBI regulations. The disclosure was signed by Kaushik Yalamanchili, Director with DIN 07334243.

The transaction represents a strategic reduction in the promoter's shareholding while maintaining significant influence in MIC Electronics Limited. The disposal was conducted entirely through secondary market transactions without any encumbrances, warrants, or convertible securities involved.