MIC Electronics logo

MIC Electronics MD, chairman, board of directors and AGM

NSE: MICELBSE: 532850Industrial ProductsSmall Cap

Last close ₹37.32down ₹1.96 (4.99%)BSE ₹37.38

Share price at the NSE close on 23 Oct 2026. Previous close ₹39.28.

52-week range of traded prices to 23 Oct 2026
₹29.97Low, 30 Mar 2026₹58.69High, 27 Oct 2025
Market cap
₹1,112 Cr1,501st largest listed
P/E
Lossover the last 12 months
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
−5.5%
ROCE
8.3%
Debt to equity
0.20
Volume, NSE
2,82,190

MIC Electronics board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonPenumaka Venkata Ramesh
  • Company Secretary and Compliance OfficerLakshmi Sowjanya Alla

7 directors3 independent2 executive2 non-executive

  • Kaushik YalamanchiliExecutive · joined Sep 2021 · reappointed Aug 2024 · 60 months as independent · 1 listed board · 2 committee seats
  • Siva Lakshmanarao KakaralaNon-executive · joined Aug 2019 · reappointed Aug 2024 · 85 months as independent · 1 listed board
  • Sivanand Swamy MitikiriExecutive · joined May 2023 · reappointed Feb 2024 · 40 months as independent · 1 listed board
  • Penumaka Venkata Ramesh · ChairpersonIndependent · joined Oct 2024 · reappointed Oct 2024 · 24 months as independent · 2 listed boards · 2 as independent
  • Srinivas Rao KolliIndependent · joined Mar 2022 · reappointed Mar 2022 · 54 months as independent · 1 listed board · 1 as independent
  • Deepayan MohantyNon-executive · joined Aug 2024 · reappointed Aug 2024 · 27 months as independent · 1 listed board · 1 as independent
  • Upadhyayula Karuna GayathriIndependent · joined Dec 2019 · reappointed Aug 2024 · 78 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Ravinder Reddy Surakanti, left 31 Jul 2026: Others
  • Sabitha Ghanta, left 1 Sep 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 4 Sep 20265 of 7 present2 independent · 34 days in between
    • 31 Jul 20266 of 8 present4 independent · 96 days in between
    • 25 Apr 20267 of 8 present3 independent

  • Audit Committee

    Chair Srinivas Rao Kolli

    Kaushik Yalamanchili, Upadhyayula Karuna Gayathri, Penumaka Venkata Ramesh

    • 31 Jul 20264 of 4 present3 independent · 96 days in between
    • 25 Apr 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Upadhyayula Karuna Gayathri

    Srinivas Rao Kolli, Penumaka Venkata Ramesh

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Srinivas Rao Kolli

    Kaushik Yalamanchili, Penumaka Venkata Ramesh

    • 31 Jul 20263 of 3 present2 independent · 180 days in between
    • 31 Jan 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Kaushik Yalamanchili

    Sivanand Swamy Mitikiri, Penumaka Venkata Ramesh

    • 31 Jul 20263 of 3 present1 independent · 122 days in between
    • 30 Mar 20263 of 3 present1 independent

  • Management Committee

    Chair Kaushik Yalamanchili

    Sivanand Swamy Mitikiri, Ravinder Reddy Surakanti, Penumaka Venkata Ramesh

    • 20 Aug 20263 of 3 present1 independent · 63 days in between
    • 17 Jun 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s. Bhavani & CoPeer-review certificate valid to Jul 2026
1 earlier auditor
  • Bhavani & CoNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

MIC Electronics AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.MIC Electronics dividend history

Annual general meeting, 16 Sep 2026

2,14,443 shareholders on the register on 10 Sep 2026; present: 1 promoter and 79 others; votes counted by Y Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, including Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow Statement for the Financial Year ended on March 31, 2026 together with the Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.00%

    Turnout: all 36.41% · promoters 87.07% · institutions 0.02% · other public 0.20%

  2. To appoint a director in place of Mr. Sivanand Swamy Mitikiri (DIN: 10166966), who retires by rotation and being eligible offers himself for re-appointment to the office of Director.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.33%

    Turnout: all 36.41% · promoters 87.07% · institutions 0.02% · other public 0.20%

  3. To re-appoint M/s. Bhavani & Co., Chartered Accountants as Statutory Auditors of the Company for a second consecutive term of five years.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.57%

    Turnout: all 36.41% · promoters 87.07% · institutions 0.02% · other public 0.20%

  4. To Approve the Related Party Transaction(s) with M/s. RRK Enterprise Private Limited.
    OrdinaryPromoters have an interest in it
    85.19% for14.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.77%

    Turnout: all 0.08% · promoters 0.00% · institutions 0.02% · other public 0.20%

  5. To Approve the Related Party Transaction(s) with M/s. MICK Digital India Limited.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.65%

    Turnout: all 36.41% · promoters 87.07% · institutions 0.02% · other public 0.20%

  6. To Approve the Related Party Transaction(s) with M/s. SOA Electronics Trading LLC, Dubai, UAE.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.37%

    Turnout: all 36.41% · promoters 87.07% · institutions 0.02% · other public 0.20%

  7. To Approve the Related Party Transaction(s) with M/s. Cellular Galaxy Electronics LLC.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.70%

    Turnout: all 36.41% · promoters 87.07% · institutions 0.02% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Apr 2026, 3 resolutions

2,28,924 shareholders on the register on 24 Apr 2026; present: 1 promoter and 54 others; votes counted by Y Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. To approve the acquisition of 71,72,090 (Seventy-One Lakhs Seventy-Two Thousand and Ninety Only) Equity Shares of USD 1 Each constituting 89.65% fully Paid-Up Equity Shares (on a fully diluted basis) of M/s. Neo Semi SG Pte. Ltd, Singapore, from its selling shareholdersMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.68%

    Turnout: all 45.07% · promoters 87.10% · institutions 0.00% · other public 0.09%

  2. To approve further issue and allotment of up to 5,68,73,418 Equity Shares of the Company on Preferential Basis for consideration other than cash towards the acquisition of 47,20,060 (59%) fully paid-up Equity Shares of M/s. Neo Semi SG Pte. Ltd, Singapore, by way of a Share SwapMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 45.07% · promoters 87.10% · institutions 0.00% · other public 0.09%

  3. Change in designation of Mr. Deepayan Mohanty (Din: 00196042) from Independent Director to Non-Executive Non-Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.68%

    Turnout: all 45.07% · promoters 87.10% · institutions 0.00% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 1 Dec 2025, 2 resolutions

2,41,549 shareholders on the register on 25 Nov 2025; present: 1 promoter and 60 others; votes counted by Y Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the issue and allotment of securities of the Company to raise funds up to ₹250 Crores (Rupees Two Hundred and Fifty Crores only) through Qualified Institutions Placement (“QIP”) to Qualified Institutional Buyers, in one or more tranches.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 49.42% · promoters 87.98% · institutions 0.00% · other public 1.31%

  2. To consider and approve the proposal of raising of funds by issuance of Foreign Currency Convertible Bonds (FCCBs) on a Private Placement Basis not exceeding USD 15 Million in one or more tranches.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 49.42% · promoters 87.98% · institutions 0.00% · other public 1.31%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 10 resolutions

2,38,403 shareholders on the register on 23 Sep 2025; present: 1 promoter and 42 others; votes counted by Y Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited (Standalone & Consolidated) Financial Statements of the Company for the year ended March 31, 2025, including Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow Statement for the year ended on March 31, 2025 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 53.58% · promoters 88.74% · institutions 0.00% · other public 2.45%

  2. To appoint a director in place of Mr. Siva Lakshmanarao Kakarala (DIN: 03641564), who retires by rotation and being eligible offers himself for reappointment to the office of Director
    Ordinary
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 53.37% · promoters 88.74% · institutions 0.00% · other public 1.94%

  3. To Approve the material Related Party Transaction(s) with M/s. SOA Electronics Trading LLC, Dubai, UAE
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 0.99% · promoters 0.00% · institutions 0.00% · other public 2.45%

  4. To Approve Related Party Transaction(s) with M/s. RRK Enterprise Private Limited
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 0.99% · promoters 0.00% · institutions 0.00% · other public 2.45%

  5. To Approve the Related Party Transaction(s) with M/s. MICK Digital India Limited.
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 0.99% · promoters 0.00% · institutions 0.00% · other public 2.45%

  6. To consider and approve the appointment of M/s. RPR & Associates, Practising Company Secretaries as Secretarial Auditors of the Company for a period of 5 consecutive years for conducting Secretarial Audit from the financial year 2025-26 to 2029-30MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 53.58% · promoters 88.74% · institutions 0.00% · other public 2.45%

  7. To increase the authorized share capital of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 53.57% · promoters 88.74% · institutions 0.00% · other public 2.45%

  8. To appoint Mr. Ravinder Reddy Surakanti (DIN: 07838836) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 53.58% · promoters 88.74% · institutions 0.00% · other public 2.45%

  9. To increase the limits for borrowings
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 53.58% · promoters 88.74% · institutions 0.00% · other public 2.45%

  10. To make investments, give loans, guarantees and security in excess of limits specified under section 186 and 185 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 53.57% · promoters 88.74% · institutions 0.00% · other public 2.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Jan 2025, 4 resolutions

1,77,907 shareholders on the register on 6 Dec 2024; votes counted by Y RAVI PRASADA REDDY / RPR & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider the appointment of Mr. Penumaka Venkata Ramesh (DIN: 02836069) as an Independent Director of the Company for a term of 5 years w.e.f. October 15, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 59.80% · promoters 89.80% · institutions 0.00% · other public 0.41%

  2. Approval of the material related party transactions with M/s. SOA Electronics Trading LLC, Dubai, UAE
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.01%

    Turnout: all 59.80% · promoters 89.80% · institutions 0.00% · other public 0.41%

  3. Approval of the material Related Party Transaction(s) with M/s. MICK Digital India Limited
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.00%

    Turnout: all 59.80% · promoters 89.80% · institutions 0.00% · other public 0.41%

  4. Approval of the material Related Party Transaction(s) with M/s. RRK Enterprise Private Limited
    OrdinaryPromoters have an interest in it
    98.10% for1.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.90%

    Turnout: all 0.12% · promoters 0.00% · institutions 0.00% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Aug 2024, 8 resolutions

Present: 1 promoter and 65 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2024, including Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow Statement for the year ended on March 31, 2024 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 61.07% · promoters 89.82% · institutions 0.00% · other public 4.28%

  2. To appoint a director in place of Mr. Sivanand Swamy Mitikiri (DIN: 10166966), who retires by rotation and being eligible offers himself for reappointment to the office of Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 61.07% · promoters 89.82% · institutions 0.00% · other public 4.28%

  3. To Approve the Related Party Transaction(s) with M/s. SOA Electronics Trading LLC, Dubai, UAE
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 61.07% · promoters 89.82% · institutions 0.00% · other public 4.28%

  4. To Approve Related Party Transaction(s) with M/s. RRK Enterprise Private Limited
    OrdinaryPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 1.22% · promoters 0.00% · institutions 0.00% · other public 4.28%

  5. To approve the re-appointment of Mr. Kaushik Yalamanchili (DIN: 07334243) as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 1.22% · promoters 0.00% · institutions 0.00% · other public 4.28%

  6. To approve the re-appointment of Mrs. Karuna Gayathri Upadhyayula (DIN: 07901195) as Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 61.07% · promoters 89.82% · institutions 0.00% · other public 4.28%

  7. To approve the continuation of Mr. Siva Lakshmanarao Kakarala (DIN: 03641564) as Non-Executive Non- Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 61.07% · promoters 89.82% · institutions 0.00% · other public 4.28%

  8. To approve the appointment of Mr. Deepayan Mohanty (DIN: 00196042) as Independent Director of the Company for a term of 5 years w.e.f. August 10, 2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 61.07% · promoters 89.82% · institutions 0.00% · other public 4.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Feb 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. To consider the appointment of Mrs. Sabitha Ghanta (DIN: 07996656) as an Independent Director of the Company for a term of 5 years w.e.f November 11, 2023.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 67.39% · promoters 90.06% · institutions 0.00% · other public 0.71%

  2. To consider the re-appointment of Mr. Sivanand Swamy Mitikiri (DIN: 10166966) as Whole-time Director of the Company for a period of 3 years w.e.f May, 27, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 67.39% · promoters 90.06% · institutions 0.00% · other public 0.71%

  3. To consider and appoint Mr. Subhash Lingareddi Somod (DIN: 09501374), as Independent Director of the Company for a term of 5 years w.e.f January, 05, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 67.39% · promoters 90.06% · institutions 0.00% · other public 0.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Oct 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. To consider and approve the issue of securities of the Company to raise funds up to Rs. 90,00,00,000/- (Rupees Ninety Crores only) through Qualified Institutions Placement (“QIP”).
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 69.87% · promoters 90.06% · institutions 0.00% · other public 10.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldSOA Electronics Trading LLCSince 30 Dec 2024

    0.00% bought in the quarter; holding 100.00%, from 100.00%

  • Unlisted stake heldMICK Digital India LimitedSince 9 Nov 2024

    0.00% bought in the quarter; holding 100.00%, from 100.00%

  • Unlisted stake heldCellular Galaxy Trading LLCSince 23 Oct 2025

    0.00% bought in the quarter; holding 99.00%, from 99.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.