MICELBSEMIC ELECTRONICS LTDLowNeutral
Announced Wed, 16 Sept · 18:31 IST

38th AGM: All 7 resolutions passed, 4 related party deals approved

Board & Shareholder Meetings View source PDFExplain this filing

MICEL · price

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AI summary

MIC Electronics 38th AGM held on Sept 16, 2026 at registered office, all 7 resolutions passed with requisite majority. FY26 audited financial statements adopted, Mr. Sivanand Swamy Mitikiri re-appointed as director, and M/s. Bhavani and Co re-appointed as statutory auditors for another 5 year term, all with over 99.97 percent approval. Four related party transaction approvals also passed - three with MICK Digital, SOA Electronics Dubai, and Cellular Galaxy LLC saw over 99.97 percent support, but the RRK Enterprise Private Limited deal drew notable dissent at 85.19 percent in favour. 194 members voted in total.

Likely market impact

Routine business. Worth noting: 15 percent dissent on RRK Enterprise related party deal signals some shareholder concern.