MIC Electronics Director Resigns; Board Approves AGM, Subsidiary

MIC Electronics Ltd announced the resignation of Mr. Ravinder Reddy Surakanti as an Independent Director, effective July 31, 2026, due to personal and professional commitments. The Board of Directors accepted the resignation during their meeting on the same day. The meeting also saw the approval of the Board's Report and the Notice for the 38th Annual General Meeting (AGM) scheduled for September 16, 2026. Key dates for the AGM include a record date of September 10, 2026, and a remote e-voting period from September 13 to September 15, 2026. Additionally, the company approved the incorporation of a wholly-owned subsidiary with an initial investment of up to ₹10,00,000 and reconstituted various board committees.