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MIC Electronics Limited ( (IN:MICEL) ) has provided an announcement.
MIC Electronics Limited has issued a corrigendum to its earlier notice convening an Extra-Ordinary General Meeting on April 29, 2026, after receiving observations from the National Stock Exchange of India. The update, dispatched electronically to shareholders and posted on stock exchange and company websites, amends the explanatory statement related to a proposal to issue up to 56,873,418 equity shares on a preferential, non-cash basis to acquire a 59% stake in Singapore-based Neo Semi SG Pte. Ltd. via share swap.
The revised disclosure aims to align the proposed preferential issue and acquisition with SEBI’s Issue of Capital and Disclosure Requirements and applicable company law provisions. By clarifying the terms and factual position of the planned share swap, MIC Electronics seeks to ensure informed shareholder decision-making on a transaction that could materially expand its international footprint and capital structure, while demonstrating responsiveness to regulatory feedback.
More about MIC Electronics Limited
MIC Electronics Limited operates in the electronics sector, focusing on display and related technologies, and is listed on both BSE and NSE in India. The company serves a broad shareholder base and conducts its corporate actions in line with SEBI and Ministry of Corporate Affairs regulations, reflecting its engagement with public capital markets and compliance-driven governance framework.
Average Trading Volume: 118,469
Technical Sentiment Signal: Hold
Current Market Cap: 9.76B INR
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