MIC Electronics Incorporates Wholly-Owned Defence Subsidiary

MIC Electronics Ltd has announced the incorporation of its wholly-owned subsidiary, "MIC Defence Systems Private Limited." This new entity, established with an initial investment of up to ₹10,00,000, will focus on defence electronics, aerospace, homeland security, and related technologies. The incorporation was approved by the Board of Directors and has received its Certificate of Incorporation from the Registrar of Companies. MIC Defence Systems Private Limited has an authorized share capital of ₹10,00,000 and a subscribed and paid-up share capital of ₹1,00,000. The subsidiary is considered a related party as per the Companies Act, 2013.