MIC ELECTRONICS LIMITED RAISED RS 0 CR FUNDS FROM QIB @ ₹0/SHARE

• Board approved allotment of 5,68,73,418 equity shares of ₹2 face value each on a preferential basis for consideration other than cash. • Shares allotted to Neo Selling Shareholders towards discharge of non-cash consideration for acquisition of 59% of ordinary share capital of M/s. Neo Semi SG Pte. Ltd. • Equity share capital increased from 24,10,11,560 shares to 29,78,84,978 shares. • Allotted shares shall rank pari passu with existing equity shares of the Company.

MIC Electronics Limited

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