The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRK Enterprise Pvt Ltd
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RRK Enterprise Private Limited, a promoter group entity of MIC Electronics Ltd, sold approximately 54,97,316 equity shares (2.28% stake) in the open market (secondary market) between February 18, 2026 and May 7, 2026. Prior to the sale, the promoter held 11,37,24,095 shares representing 47.18% of the company's total share capital. After the sale, their holding reduced to 10,82,26,779 shares representing 44.90% of the company. The total share capital of MIC Electronics remained unchanged at Rs. 48.20 crore divided into 24,10,11,560 equity shares of Rs. 2 each.
The promoter has reduced their stake below the 50% threshold for the first time, which could signal a lack of confidence or a desire to dilute control. The sale of over 2% stake in the open market may put mild downward pressure on the stock price in the short term.