RRK Enterprise reduces stake in MIC Electronics to below 50%

RRK Enterprise Private Limited, a promoter entity, has announced the disposal of 50,00,000 equity shares of MIC Electronics Limited in the secondary market. This transaction, executed via open market sales between September 24, 2025, and November 14, 2025, significantly altered the company's shareholding.

Before the disposal, RRK Enterprise Private Limited held 12,57,24,095 shares, representing 52.17% of MIC Electronics' total share/voting capital. Following the sale of 70,00,000 shares, the promoter's holding has decreased to 11,87,24,095 shares, now constituting 49.27% of the total share/voting capital. The value of the equity share capital remains at INR 48,20,23,120, divided into 24,10,11,560 equity shares of INR 2 each.