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MIC Electronics informs about outcome of board meeting

02 Dec 2022 Evaluate
MIC Electronics has informed that in terms of regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations (LODR), 2015, the Meeting of the Board of Directors of the Company held on Friday, December 02, 2022, through Video Conference, approved the following items of business: Approved and recommended for the approval of members of the Company, the proposal of divestment by way of sale, transfer or disposal of investment made by the Company in the equity shares of Bikewo Green Tech (formerly known as Right Automobiles), the material subsidiary. In respect of the above, additional disclosures as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are provided at Annexure-I; Approved the Postal Ballot Notice for obtaining shareholders' approval; and appointed the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.

The above information is a part of company’s filings submitted to BSE.

MIC Electronics Share Price

42.75 0.88 (2.10%)
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