MIC Electronics (MICEL) — Corporate Action

📢 Key Event
Board meeting held on July 31, 2026, approved AGM details and director resignation

🔄 What Changed
Record date set for AGM; director resignation accepted; subsidiary incorporation approved

🔮 What's Next
Incorporation to be completed within 60 days subject to ROC approval

💡 Investor Takeaway
The company is preparing for its AGM and expanding into defence manufacturing with a new subsidiary.

MIC Electronics announced on July 31, 2026, that its board approved the 38th Annual Report and set September 10, 2026, as the record date for the AGM on September 16, 2026. Mr. Ravinder Reddy Surakanti resigned as an Independent Director effective close of business on July 31, 2026. The company also approved incorporating a wholly owned defence subsidiary with up to ₹10 lakhs investment and appointed a scrutinizer for remote e-voting.

📄 View Original Announcement (PDF)

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About MIC Electronics Limited (MICEL)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹1,069.61 Cr P/E: 70.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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