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 in the Extra Ordinary General Meeting held on June 30, 2012 and had submitted an application for in principle approval for aforesaid Preferential warrants. The Board of Directors in their meeting held on April 17, 2013 has decided to withdraw the aforesaid Preferential issue proposal.
The above information is a part of company’s filings submitted to BSE.
