MIC Electronics Limited has informed the Exchange regarding Board meeting held on November 05, 2025.Please find attached outcome of the Board Meeting held on today.
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MIC Electronics' board, which met on November 5, 2025, approved plans to raise up to ₹250 Crores through Qualified Institutions Placements (QIPs) or other permissible modes in one or more tranches. The board also approved raising up to USD 15 Million through Foreign Currency Convertible Bonds (FCCBs). Both fund-raising proposals are subject to shareholder and other regulatory approvals. An Extra-Ordinary General Meeting (EGM) has been scheduled for December 1, 2025 at 11:45 a.m. to seek shareholder approval. The Management Committee was authorized to appoint intermediaries and consultants for the fund-raising process, and Mr. Y Ravi Prasada Reddy was appointed as the scrutinizer for the EGM.
The company is planning a significant capital raise (₹250 Crore via QIPs plus up to USD 15 Million via FCCBs), which could lead to dilution for existing shareholders depending on the final mode of issuance. Investors should watch for the EGM outcome on December 1, 2025, and any further clarity on pricing and timing, as fund-raising announcements often influence short-term stock movement.