MIC Electronics EGM Approves Neo Semi Acquisition & Share Swap

MIC Electronics shareholders approved acquisition of 89.65% stake in Singapore's Neo Semi SG Pte. Ltd for 71.72 lakh equity shares.
Shareholders approved preferential allotment of 5.69 crore shares via share swap for 59% stake in Neo Semi SG Pte. Ltd.
EGM approved change in designation of Mr. Deepayan Mohanty from Independent Director to Non-Executive Non-Independent Director.
All three resolutions passed with over 99.99% approval through e-voting and physical polling conducted on April 29, 2026.