MIC Electronics Limited , an Indian technology company, has taken a significant step towards diversifying its portfolio and entering high-tech sectors. The company's Board of Directors has granted in-principle approval to explore the acquisition of equity shares in Neo Semi SG Pte. Ltd. (NSPL), a Singapore-based firm specializing in semiconductor technology, IoT solutions, and electronics refurbishment.

Strategic Move into Next-Generation Technologies

The proposed acquisition aims to position MIC Electronics in future-critical verticals, including semiconductors, green energy, and digital service infrastructure. This strategic move aligns with the company's long-term vision to expand its presence in innovative and high-growth sectors.

NSPL's Unique Ecosystem

Neo Semi SG Pte. Ltd. has established a robust ecosystem through strategic partnerships:

1. A Silicon Valley-based semiconductor chip design company, focusing on cutting-edge solutions for high-performance computing, AI, and IoT applications.
2. An energy management firm offering IoT-based solutions for climate resilience, energy efficiency, and smart grid modernization.
3. India's largest electronics refurbishment and reverse logistics company, with plans to enter the e-waste management space.

Potential Synergies and Value Creation

The acquisition, if completed, is expected to create significant synergies between MIC Electronics and NSPL. These synergies could potentially unlock value creation opportunities in both domestic and international markets, leveraging the combined strengths of both companies.

Transaction Details and Due Diligence

The Board has authorized the Managing Director to initiate the following steps:

• Appoint intermediaries for valuation and due diligence processes
• Negotiate the acquisition terms
• Explore various transaction structures, including equity purchase, share swap, or hybrid instruments

It's important to note that the current Memorandum of Understanding between MIC Electronics and NSPL is preliminary and non-binding. The transaction remains subject to:

• Independent valuation by SEBI-registered valuers
• Comprehensive due diligence
• Finalization of the transaction structure
• Necessary approvals from regulatory authorities

Cautionary Statement

While this move signals MIC Electronics' ambition to expand into high-tech sectors, the company emphasizes that the acquisition is still in the exploratory phase. The final decision will be made after concluding negotiations, determining share valuation, and completing due diligence.

Investors and stakeholders should note that this development, while promising, is still subject to various conditions and approvals. The outcome of the proposed acquisition and its potential impact on MIC Electronics' future performance remain to be seen as the process unfolds.

MIC Electronics Limited has announced a significant strategic move that could potentially expand its international presence. The company has scheduled a Board of Directors meeting for July 25, 2025, to discuss and potentially approve a proposal for acquiring a Singapore-based company.

Key Highlights

• The board meeting is set for July 25, 2025, at the company's registered office.
• The primary agenda includes discussing and approving a proposal to acquire a Singapore-based company.
• The board will consider preliminary memorandum of understanding, agreements, and related documentation for the acquisition.
• A trading window closure has been implemented for designated persons and their immediate relatives.

Acquisition Proposal

MIC Electronics, an ISO 9001:2008 and ISO 14001:2004 certified company, is exploring a potential acquisition that could mark a significant step in its growth strategy. While specific details about the target company remain undisclosed, the move suggests MIC Electronics' interest in expanding its footprint in the Singapore market.

Trading Window Closure

In compliance with the company's Code of Conduct for Prevention of Insider Trading, MIC Electronics has implemented a trading window closure. This closure affects all designated persons and their immediate relatives, starting from the notice of the board meeting until 48 hours after the outcome is declared to the stock exchanges. This measure is designed to prevent insider trading and ensure fair market practices.

Regulatory Compliance

The company has made this announcement in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MIC Electronics has also stated that this intimation is available on the company's website ( https://www.mic.co.in/ ) and on the websites of the stock exchanges where its shares are listed.

Looking Ahead

The outcome of this board meeting could potentially shape the future direction of MIC Electronics Limited. Shareholders and market observers will be keenly watching for the results of the discussions and any decisions made regarding the proposed acquisition.

As more details emerge following the board meeting, it will become clearer how this potential acquisition aligns with MIC Electronics' long-term strategic goals and what impact it might have on the company's market position and financial performance.

Investors and stakeholders are advised to await official announcements from the company for further details on this development.