MIC Electronics Issues Corrigendum to EGM Notice for Preferential Issue

MIC Electronics Ltd has issued a Corrigendum to the Notice of its Extra-Ordinary General Meeting (EGM) scheduled for April 29, 2026. This amendment follows observations received from the National Stock Exchange of India Limited (NSE) on April 15, 2026. The EGM was convened to seek approval for a proposed preferential issue of up to 5,68,73,418 equity shares for consideration other than cash, specifically for the acquisition of a 59% stake in Neo Semi SG Pte. Ltd., Singapore, via a share swap. The Corrigendum provides additions and amendments to the Explanatory Statement for Item No. 2 of the EGM Notice, particularly under 'Other Disclosures' in accordance with SEBI (ICDR) Regulations, 2018. It includes an additional disclosure confirming that the company, its promoters, and directors have not been categorized as wilful defaulters.