MIC Electronics Limited, a company listed on both the BSE and National Stock Exchange of India, has witnessed a significant change in its shareholding pattern. RRK Enterprise Private Limited, a promoter of MIC Electronics, has reduced its stake in the company through a series of open market transactions.

Shareholding Reduction Details

RRK Enterprise Private Limited sold 52,67,239 equity shares of MIC Electronics in the secondary market between June 26, 2025, and August 13, 2025. This sale has resulted in a reduction of RRK Enterprise's shareholding from 56.45% to 54.26% of the total equity share capital.

Transaction Specifics

Company Share Capital

MIC Electronics Limited's total equity share capital stands at Rs. 48,20,23,120, divided into 24,10,11,560 equity shares of Rs. 2 each.

Regulatory Compliance

The transaction was disclosed in compliance with Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kaushik Yalamanchili, Director of RRK Enterprise Private Limited, made the disclosure to the stock exchanges.

This move by RRK Enterprise Private Limited represents a minor reduction in its controlling stake in MIC Electronics Limited, maintaining its position as a major shareholder in the company.

MIC Electronics Limited, a player in the electronics manufacturing sector, has achieved a significant milestone in product quality and compliance. The company recently announced obtaining Bureau of Indian Standards (BIS) certificates for two of its key product categories, reinforcing its commitment to meeting national quality standards.

BIS Certification Details

MIC Electronics has secured BIS certifications for:

1. Visual Display Units and Video Monitors: These products comply with IS 13252(PART 1):2010/ IEC 60950-1:2005 standards, which are crucial for ensuring the safety of information technology equipment.

2. LED Luminaires for Road and Street Lighting: These products meet the specifications outlined in IS 10322 (PART 5/SEC 3):2012, which are essential for street lighting applications.

Significance of BIS Certifications

The Bureau of Indian Standards (BIS) is India's national standards body, responsible for the harmonious development of activities of standardization, marking and quality certification. Obtaining BIS certificates is a testament to the quality and safety of MIC Electronics' products, potentially opening doors to new market opportunities and enhancing customer trust.

Implications for MIC Electronics

These certifications could have several positive implications for the company:

1. Market Expansion: BIS certification may allow MIC Electronics to participate in government tenders and projects that require certified products.

2. Quality Assurance: The certifications serve as a guarantee of the products' quality and compliance with Indian safety standards.

3. Competitive Edge: In a market where quality certifications are increasingly important, these BIS certificates could provide MIC Electronics with a competitive advantage.

The acquisition of these BIS certificates aligns with MIC Electronics' focus on quality and compliance in the electronics manufacturing sector. As the company continues to develop its product line in visual display units and LED lighting, these certifications may play a crucial role in its growth strategy and market positioning.