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.

MIC Electronics Limited has announced entering into a Memorandum of Understanding (MOU) with Refit Global Private Limited on February 13, 2026. The company disclosed this development to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Partnership Overview

The MOU establishes a framework for exploring potential strategic transactions between the two companies. These may include various forms of investment such as equity, debt, or hybrid instruments, acquisition of shares, assets, or business operations, share swap arrangements, preferential issues, or other mutually agreed strategic arrangements.

Collaboration Benefits and Synergies

The strategic partnership aims to leverage the complementary strengths of both organizations. MIC Electronics brings decades of large-scale manufacturing excellence, global technology delivery capabilities, deep institutional relationships, and financial strength to the collaboration. Refit Global contributes advanced refurbishment platforms, certified supply chains, and strong business-to-consumer market penetration.

The combined capabilities are expected to create a next-generation circular electronics platform positioned to:

• Drive sustainable growth in the refurbished electronics sector
• Accelerate digital inclusion initiatives
• Unlock value across the refurbished electronics value chain

Regulatory and Compliance Details

The company has confirmed that Refit Global Private Limited is not related to MIC Electronics' promoter, promoter group, or group companies. The transaction does not fall within the scope of related party transactions, ensuring arm's length dealings between the parties.

Next Steps and Approvals

The proposed strategic transaction remains subject to comprehensive due diligence processes, internal approvals from both companies, and necessary regulatory clearances. The MOU provides a structured framework for both parties to evaluate potential collaboration opportunities while ensuring compliance with applicable regulations.

Lakshmi Sowjanya Alla, Company Secretary and Compliance Officer of MIC Electronics Limited, signed the disclosure document, confirming the company's commitment to transparent communication with stakeholders and regulatory compliance.