SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MIC Electronics board withdraws the Preferential Issue proposal

26 May 2012 Evaluate
MIC Electronics has informed that the Company was in process of issue of 5,06,75,000 Equity share warrants on preferential basis to the Promoters and other Investors and had submitted an application for the approval for aforesaid Preferential warrants.The Board of Directors in their meeting held on May 25, 2012 has decided to withdraw the aforesaid Preferential Issue proposal.

Further, the Company has decided to do freshly issue of Preferential Convertible Warrants as per the SEBI ICDR Regulations and other applicable laws.

The above information is part of company’s filing submitted to the BSE.

MIC Electronics Share Price

42.75 0.88 (2.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×