MIC Electronics Ltd (MICEL) — Corporate Action | 4 September 2026

4 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Allotment of 5,68,73,418 equity shares to Neo Selling Shareholders.

🔄 What Changed

Paid-up capital increased to ₹59,57,69,956 after allotment.

💡 Investor Takeaway

The acquisition finalizes the purchase of Neo Semi, expanding MIC Electronics' ownership in the target company.

MIC Electronics announced the allotment of 5,68,73,418 equity shares at ₹2 face value to Neo Selling Shareholders as part of a non-cash consideration for acquiring 59% of Neo Semi SG Pte. Ltd. The allotment increases the paid-up capital to ₹59,57,69,956. This transaction completes the acquisition of Neo Semi and integrates it into MIC Electronics' structure.

📄 View Original Announcement (PDF)

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About MIC Electronics Ltd (MICEL)

Consumer Durables · Consumer Durables · Listed on BSE

Market Cap: ₹855.83 CrROE: -5.6%ROCE: 8.8%

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📊 More MICEL filings

Announcement — 29 September 2026MIC Electronics Ltd announced that its trading window will close on October 1, 2026, and remain clos...
🟡 Board Meeting — 16 September 2026MIC Electronics held its 38th AGM on September 16, 2026, at its Hyderabad headquarters, confirming q...
🟡 Voting Results — 16 September 2026MIC Electronics Ltd shareholders approved all seven AGM resolutions, including adoption of audited f...
🟡 Board Meeting — 2 September 2026MIC Electronics announced incorporation of wholly-owned subsidiary MIC Defence Systems Private Limit...
🔴 Corporate Action — 26 August 2026MIC Electronics Limited announced receipt of in-principle approval from BSE and NSE to issue 5,68,73...

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

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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