MIC Electronics Acquires 89.65% Neo Semi Singapore

MIC Electronics board approves ₹357.60 Cr acquisition of 89.65% stake in Singapore-based deep-tech firm Neo Semi SG Pte. Ltd.
Preferential issue of up to 5,68,73,418 equity shares at ₹41.38 each (₹235.34 Cr non-cash) approved for Neo transaction share-swap component.
Slump sale of Lighting and Medical & Other Appliances Divisions to subsidiary MICK Digital India Limited approved for ₹8 Cr (share consideration).
Mr. Deepayan Mohanty re-designated from Independent Director to Non-Executive Non-Independent Director effective March 30, 2026.