MIC Electronics schedules EGM on April 29, 2026 to seek shareholder approval for acquiring 89.65% stake in Singapore-based Neo Semi SG Pte Ltd.
Proposed acquisition valued at ₹357.60 crore includes cash payment of ₹122.26 crore and share swap of 5.69 crore equity shares at ₹41.38 per share.
EGM also considers change in designation of Director Deepayan Mohanty from Independent to Non-Executive Non-Independent Director.
Shareholders can vote remotely from April 26-28, 2026 through CDSL's e-voting platform with cut-off date April 24, 2026.