Meeting Details

The 38th Annual General Meeting of MIC Electronics Limited was held on Wednesday, September 16, 2026, from 11:00 AM to 12:30 PM at the company's registered office at Plot No. 192/B, Phase-II, IDA, Cherlapally, Hyderabad, Medchal-Malkajgiri (formerly Rangareddi), Telangana - 500051.

Attendance

  • Total shareholders present: 80 (including 1 person from Promoter and Promoter Group)
  • Chairman of the Meeting: Mr. P V Ramesh (Chairman of the Board of Directors & Independent Director)
  • Directors present: All directors except Mr. Deepayan Mohanty (Non-executive Director), Mr. Siva Lakshmana Rao Kakarala (Non-executive Director), and Mr. Sivanand Swamy Mitikiri (Executive Director)
  • Mr. Ravinder Reddy Surakanti had resigned as Director effective July 31, 2026, and did not attend

Dignitaries Present

  • Mr. P V Ramesh - Chairman of the Meeting & Independent Director
  • Mr. Kaushik Yalamanchili - Managing Director
  • Mr. Srinivas Rao Kolli - Independent Director & Chairman of the Audit Committee and Stakeholders Relationship Committee
  • Mrs. Karuna Gayathri Upadhyayula - Independent Director & Chairperson of the Nomination and Remuneration Committee
  • Mr. Rakshit Mathur - Chief Executive Officer
  • Mr. Sadasivan Muralikrishnan Madurai - Chief Financial Officer
  • Mr. CA Kumar Venkatesh B - Partner, M/s. Bhavani & Co. (Statutory Auditors)
  • Mr. Y Ravi Prasada Reddy - Proprietor, M/s. RPR & Associates (Secretarial Auditors)

Meeting Proceedings

1. The Company Secretary confirmed requisite quorum was present and welcomed attendees

2. Mr. P V Ramesh was elected as Chairman of the meeting

3. The Chairman confirmed no qualifications in the Statutory Auditors' Report and Secretarial Auditor's Report for FY 2025-26

4. The Notice of the 38th AGM and Auditors' Report was taken as read

5. The Chairman delivered a speech on business and performance highlights

6. CEO Mr. Rakshit Mathur apprised shareholders on business updates and future prospects, including status of the acquisition of NEO Semi SG Pte Ltd and benefits accruing to the company

7. Shareholder queries were addressed satisfactorily

8. Statutory Registers, Proxy Register, Auditors Report, and other inspection documents were made available for shareholder inspection

Voting Arrangements

  • Remote e-voting facility was provided from September 13, 2026 (09:00 AM) to September 15, 2026 (05:00 PM)
  • Cut-off date for voting eligibility: September 10, 2026
  • Scrutinizer: Mr. Y Ravi Prasada Reddy, Proprietor of RPR & Associates
  • Ballot voting arrangements were made at the AGM venue for shareholders who didn't use remote e-voting

Resolutions Voted On

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, including Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, and Reports of Board of Directors and Statutory Auditors

2. Appointment of director in place of Mr. Sivanand Swamy Mitikiri (DIN: 10166966) who retires by rotation

3. Re-appointment of M/s. Bhavani & Co., Chartered Accountants as Statutory Auditors for a second consecutive term of five years

Special Business (All Ordinary Resolutions):

4. Approval of Related Party Transaction with M/s. RRK Enterprise Private Limited

5. Approval of Related Party Transaction with M/s. MICK Digital India Limited

6. Approval of Related Party Transaction with M/s. SOA Electronics Trading LLC, Dubai, UAE

7. Approval of Related Party Transaction with M/s. Cellular Galaxy Electronics LLC

Voting Results

  • Results determined by aggregating votes cast through remote e-voting and ballot voting
  • Results to be announced and uploaded on company website (www.mic.co.in) and CDSL website (www.evotingindia.com)
  • Results to be submitted to BSE Limited and National Stock Exchange of India Limited within prescribed time
  • Resolutions deemed passed on September 16, 2026, subject to receipt of requisite number of votes in favor

Meeting Conclusion

The meeting concluded at 12:30 PM with a vote of thanks to the Chair proposed by Mr. Sadasivan Muralikrishnan Madurai, Chief Financial Officer.