MIC Electronics: Board Meeting Outcome for Outcome Of The Board Meeting Held Today

Pursuant to Regulation 29 and 30 of SEBI (LODR) Regulations 2015 we wish to inform you that the Board of Directors of the Company at its meeting held today inter-alia approved the following items of business:1. Issue of securities of the Company to raise funds up to Rs. 90 Crores through Qualified Institutions Placement (QIP) or private offerings or any combination thereof.2. Authorization to the Management Committee of the Board to appoint various agencies / consultants in connection with the proposed QIP or private offerings.3. The draft Postal Ballot Notice and fixed the cut-off date as Friday September 08 2023.4. Appointment of Mr. Y Ravi Prasada Reddy proprietor of M/s. RPR & Associates Practicing Company Secretaires as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.5. To open a Branch Office of the Company at 12th Floor Kanakia wall Street Andheri - Kurla Rd Chakala Andheri East Mumbai Maharashtra 400059.