RRK Enterprise Private Limited Discloses Disposal of 54,97,316 Equity Shares in MIC Electronics Limited Under SEBI Takeover Regulations

RRK Enterprise Private Limited, a promoter-group entity, has made a regulatory disclosure dated May 08, 2026, reporting the substantial disposal of equity shares in MIC Electronics Limited. The disclosure was filed in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and submitted to both BSE Limited and the National Stock Exchange of India Limited.

Details of the Share Disposal

RRK Enterprise Private Limited sold a total of 54,97,316 equity shares of MIC Electronics Limited through the open market. The transactions were carried out between February 18, 2026 and May 07, 2026. The sale represents 2.28% of the total share/voting capital of the target company, as well as 2.28% of the total diluted share/voting capital.

The following table summarises the shareholding position of RRK Enterprise Private Limited before and after the disposal:

Metric:	Number of Shares	% of Total Share/Voting Capital	% of Total Diluted Share/Voting Capital
Holding before disposal:	11,37,24,095	47.18%	47.18%
Shares sold:	54,97,316	2.28%	2.28%
Holding after disposal:	10,82,26,779	44.90%	44.90%

Transaction and Capital Details

The disposal was executed entirely through the open market. The equity share capital of MIC Electronics Limited remained unchanged both before and after the transaction, as detailed below:

Parameter:	Details
Mode of Sale:	Open market
Sale Period:	February 18, 2026 to May 07, 2026
Equity Share Capital (Before Sale):	Rs. 48,20,23,120/- divided into 24,10,11,560 equity shares of Rs. 2/- each
Equity Share Capital (After Sale):	Rs. 48,20,23,120/- divided into 24,10,11,560 equity shares of Rs. 2/- each
Total Diluted Share/Voting Capital (After Sale):	Rs. 48,20,23,120/- divided into 24,10,11,560 equity shares of Rs. 2/- each

About the Disclosing Entity

RRK Enterprise Private Limited (CIN: U72200TG1998PTC029974) is registered at Plot No. 192/B, Phase II, IDA, Cherlapally, Rangareddi, Hyderabad, Telangana – 500 051. The disclosure was signed by Kaushik Yalamanchili, Director (DIN: 07334243), in his capacity as a representative of the promoter entity. RRK Enterprise Private Limited is classified as a promoter/promoter group entity of MIC Electronics Limited. No shares were reported as encumbered, pledged, or subject to any non-disposal undertaking either before or after the transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.61%	+0.60%	+6.17%	+2.12%	-24.87%	+194.55%

MIC Electronics Limited has secured a new contract from a government environmental body, reinforcing its presence in the institutional infrastructure segment. The company received a Letter of Acceptance from the Chhattisgarh Environment Conservation Board, Nava Raipur, Atal Nagar, on May 04, 2026, for the Design, Supply, Installation & Maintenance of Lab Furniture for a central environmental laboratory located in Nava Raipur, Atal Nagar, Raipur. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Overview

The order, valued at Rs. 3,78,00,00 /- (Rupees Three Crore Seventy-Eight Lakh Only), was awarded through a direct order process via a competitive tender. The contract is classified as a domestic order from a domestic entity. The following table summarises the key details of the contract as disclosed by the company:

Parameter:	Details
Awarding Entity:	Chhattisgarh Environment Conservation Board, Nava Raipur, Atal Nagar
Nature of Order:	Direct order, participated through Tender
Order Value:	Rs. 3,78,00,00 /-
Scope of Work:	Design, Supply, Installation & Maintenance of Lab Furniture
Project Location:	Central Environmental Laboratory, Nava Raipur, Atal Nagar, Raipur
Domestic/International:	Domestic
Execution Timeline:	12 months
Date & Time of Order:	May 04, 2026 at 03.30 P.M.
Significant Terms:	To be finalised at the time of execution of Agreement

Compliance and Governance Details

MIC Electronics has confirmed that none of its promoters, promoter group, or group companies hold any interest in the Chhattisgarh Environment Conservation Board, the entity that awarded the order. Additionally, the company has stated that the order does not fall within the ambit of related party transactions. The disclosure was filed with both BSE Limited and the National Stock Exchange of India Limited in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The filing was signed by Lakshmi Sowjanya Alla, Company Secretary & Compliance Officer of MIC Electronics Limited, on May 05, 2026.