532850
MIC Electronics Ltd
BSELast Traded Price
₹41.71
+1.98 (+4.98%)
Open
₹40.90
High
₹41.71
Low
₹40.52
Prev Close
₹39.73
Industry
Capital Goods
Market Cap
1,005.26 Cr
Filing History
Recent corporate announcements and filings for 532850
Business Update
Positive
2026-08-26 12:07
- Received 'In-Principle' approval from BSE & NSE on Aug 25, 2026, for preferential issue of 5,68,73,418 equity shares at ₹41.38/share.
- Purpose: Acquisition of M/S. Neo Semi Sg PTE. Ltd, Singapore.
- Allotment to be completed within 15 days.
Business Update
Positive
2026-08-14 11:53
- MIC Electronics Limited received an upgrade in credit ratings from Brickwork Ratings for its bank loan facilities totaling ₹110.82 Cr.
- Fund-based facilities upgraded from BWR BB /Stable to BWR BBB- /Stable.
- Non-fund-based facilities upgraded from BWR A4 + Assignment to BWR A3 Upgrade.
Governance
Negative
2026-07-31 16:54
CRITICAL RED FLAG DETECTED
- The Board of Directors approved the 38th Annual Report and the notice for the 38th Annual General Meeting (AGM) to be held on September 16, 2026.
- Mr. Ravinder Reddy Surakanti resigned as an Independent Director effective July 31, 2026, due to personal and professional commitments.
- Approved the incorporation of a new wholly-owned subsidiary for defence-related activities with an initial investment of up to ₹10 lakh.
- Various board committees were re-constituted.
Governance
Negative
2026-07-31 16:54
CRITICAL RED FLAG DETECTED
- Board Meeting held July 31, 2026. Approved FY25-26 Board Report and 38th AGM (Sep 16, 2026).
- Mr. Ravinder Reddy Surakanti resigned as Independent Director.
- Approved ₹10L investment for new wholly-owned subsidiary for defence activities.
- Company committees were reconstituted.
Governance
Negative
2026-07-31 16:52
CRITICAL RED FLAG DETECTED
- Board Meeting on July 31, 2026, approved FY25-26 Board Report and 38th AGM notice.
- Independent Director Mr. Ravinder Reddy Surakanti resigned effective July 31, 2026, citing personal commitments.
- Approved incorporation of a wholly-owned subsidiary for defence activities with ₹10 lakhs initial investment.
Governance
Negative
2026-07-31 16:32
CRITICAL RED FLAG DETECTED
- Board approved FY 2025-26 Board's Report and notice for 38th AGM on September 16, 2026.
- Mr. Ravinder Reddy Surakanti resigned as an Independent Director effective July 31, 2026, due to personal and professional commitments.
- Approved the incorporation of a wholly-owned subsidiary for defence-related activities with an initial investment up to ₹10 Lakhs.
- Board committees were re-constituted.
Governance
Negative
2026-07-31 16:07
CRITICAL RED FLAG DETECTED
- Board Meeting held on July 31, 2026, approved the Board's Report for FY 2025-26 and the 38th Annual General Meeting on September 16, 2026.
- Mr. Ravinder Reddy Surakanti resigned as an Independent Director effective July 31, 2026, due to personal commitments.
- The Board approved the incorporation of a wholly-owned subsidiary for defence-related activities with an initial investment of up to ₹10 lakhs.
- Various committees of the company were re-constituted.
Financials
Positive
2026-07-31 16:05
- Consolidated Revenue ₹4371.95 Lakhs vs ₹1161.21 Lakhs (▲276.49% YoY)
- EBITDA ₹427.00 Lakhs vs ₹411.04 Lakhs (▲3.88% YoY)
- PAT ₹213.20 Lakhs vs ₹166.70 Lakhs (▲27.89% YoY)
- EBITDA Margin 9.77% vs 35.40% (▼2563 bps)