MIC Electronics Limited has completed the incorporation of its wholly-owned subsidiary, MIC Defence Systems Private Limited, pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The incorporation follows the Board of Directors' approval granted on July 31, 2026, which included approval for an initial investment of up to ₹10,00,000 (Rupees Ten Lakh only) in the subsidiary.
The Certificate of Incorporation was received from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, dated August 31, 2026.
Subsidiary Details:
- Name of entity: MIC Defence Systems Private Limited
- Relationship with Company: Wholly-owned Subsidiary (100% shareholding)
- Date of incorporation: August 31, 2026
- Corporate Identification Number (CIN): U25200TS2026PTC221997
- Authorised Share Capital: ₹10,00,000 (Rupees Ten Lakh only) divided into 1,00,000 Equity Shares of ₹10/- each
- Subscribed & Paid-up Share Capital: ₹1,00,000 (Rupees One Lakh only) divided into 10,000 Equity Shares of ₹10/- each
Business Operations:
The subsidiary will engage in defence electronics, defence systems, aerospace, homeland security, unmanned systems, communication systems, surveillance solutions, electronic warfare, artificial intelligence based defence technologies, cyber security solutions and other allied products and services.
Regulatory Status:
The subsidiary, being wholly-owned, qualifies as a "related party" of MIC Electronics Limited under the Companies Act, 2013 and the SEBI Listing Regulations.
The disclosure is signed by Lakshmi Sowjanya Alla, Company Secretary & Compliance Officer, on September 02, 2026 at 16:58:38 IST.