MIC Electronics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2025 ,inter alia, to consider and approve inter alia, to consider the ....
MICEL · price
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Awaiting price reaction for this filing.
MIC Electronics Limited has informed BSE that its Board of Directors will meet on Wednesday, November 5, 2025, to consider and approve a proposal for raising funds by issuing securities through a Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or any other permissible mode, in one or more tranches. The Board will also consider seeking shareholder approval for the fundraise and related matters, including appointing merchant bankers, legal advisors, and other intermediaries. The intimation is being made under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Final details on the size, pricing, and structure of the issue are yet to be decided.
This signals a potential equity dilution for existing shareholders, but also indicates the company is looking to raise growth capital. The stock may see volatility around and after the board meeting on November 5, 2025, once the actual size and pricing of the fundraise are disclosed.