Announced Fri, 31 Jul · 16:06 IST
MIC Electronics Board OKs AGM, defence subsidiary, director exit
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹38.40
prior close
₹39.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-3.0-2.6-1.8-2.1-2.9-2.4-3.6-3.3-6.0-5.3-2.4——
Up moveDown movePending
AI summary
Board met on July 31, 2026 and approved the 38th AGM notice for September 16, 2026 with record date September 10. Independent Director Mr. Ravinder Reddy Surakanti resigned citing personal and professional commitments, with no material reasons disclosed. Board approved setting up a wholly owned subsidiary focused on defence equipment, technology and services, with initial investment up to Rs 10 lakh. Various board committees were reconstituted.
Likely market impact
AGM logistics cleared; new defence-focused subsidiary hints at diversification; director exit noted with no material concerns flagged.