MIC Electronics schedules 37th AGM, proposes capital and borrowing limit increases

MIC Electronics Limited announced its 37th Annual General Meeting (AGM) to be held on Monday, September 29, 2025, at 11:30 A.M. at its registered office in Hyderabad. The company's 37th Annual Report for the fiscal year 2024-25, including audited financial statements, has been released. The board has recommended the reappointment of Siva Lakshmanarao Kakarala and the appointment of Ravinder Reddy Surakanti as independent directors.

Key resolutions include approving material related party transactions with M/s. SOA Electronics Trading LLC, Dubai (aggregate value up to 20,00,00,000) and M/s. RRK Enterprise Private Limited (aggregate value up to 50,00,00,000) for FY 2026-27. Additionally, the company seeks approval to increase its authorized share capital from 75,00,00,000 to 90,00,00,000 and to increase borrowing limits to 1250 Crores. The appointment of M/s. RPR & Associates as secretarial auditors for five consecutive years (FY 2025-26 to FY 2029-30) was also proposed with an annual remuneration of Rs. 2.00 lakhs plus taxes.

Shareholders with registered email addresses received the notice and annual report via email, with remote e-voting available from Friday, September 26, 2025 (9:00 A.M.) to Sunday, September 28, 2025 (5:00 P.M.) via www.evotingindia.com. The register of members and share transfer books will be closed from September 24-29, 2025, with September 23, 2025, as the record date for the AGM.