MIC Electronics Board Approves 38th AGM, Subsidiary Plan
MIC Electronics Ltd held a Board of Directors meeting on July 31, 2026, approving the Board's Report and the Notice for the 38th Annual General Meeting (AGM) scheduled for September 16, 2026. The company also announced the closure of its Register of Members and Share Transfer Books from September 11 to September 16, 2026, with September 10, 2026, as the record date. The remote e-voting period is set from September 13 to September 15, 2026. Mr. Ravinder Reddy Surakanti resigned as an Independent Director. The Board also approved the incorporation of a wholly-owned subsidiary with an initial investment of up to ₹10,00,000 and re-constituted various committees. Mr. Y. Ravi Prasada Reddy was appointed as the Scrutinizer for the AGM.
Key Highlights
- Board approved 38th AGM notice and Board's Report for FY25-26.
- Register of Members closed Sep 11-16; Sep 10 is record date.
- Independent Director Mr. Ravinder Reddy Surakanti resigned.
- Company to incorporate a wholly-owned subsidiary with ₹10 Lakh investment.
- Board committees were re-constituted.
Price Impact
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