Announced Thu, 19 Feb · 11:39 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRK Enterprise Pvt Ltd

Promoter Stake Sell 1pctPromoter Below 50pctOwnership Changes View source PDF Explain this filing

MICEL · price

Loading chart…

▲ 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

-4.5%1-day move

₹42.90

prior close

₹41.92

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0-0.1-0.1-0.5-4.5-4.7-6.1-7.2-11.4-18.1-22.1-23.4-3.7+3.2

Up moveDown movePending

AI summary

RRK Enterprise Private Limited, a promoter entity of MIC Electronics, sold 50,00,000 equity shares (2.07% of total share capital) in the open market between November 14, 2025 and February 18, 2026. The promoter's stake dropped from 11,87,24,095 shares (49.27%) to 11,37,24,095 shares (47.18%). No encumbrance (pledge) is involved — this is a straightforward secondary market sale by a promoter group entity.

Likely market impact

This is a steady promoter offloading that reduces the promoter group's holding to 47.18%, below the 50% mark, which could weaken promoter control and may be viewed negatively by retail investors watching for management confidence.