Outcome of the Board Meeting held today is enclosed

Date: July 31, 2026 Listing Compliance Department Listing Compliance Department M/s. BSE Limited M/s. National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Dalal Street Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Dear Sir/Madam, Sub: Outcome of the Board Meeting held on Friday, July 31, 2026 Ref: Scrip code - MICEL / 532850 Pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform that, the Meeting of the Board of Directors of the Company held today, i.e. on Friday, July 31, 2026, commenced at 02:30 p.m. (IST) and concluded at 3:40 p.m. (IST). The Board, inter-alia, discussed and approved the following items of business: 1. Approved the Board's Report along with its annexures for the Financial Year 2025-26, forming part of the 38th Annual Report of the Company. 2. Approved the Notice convening the 38th Annual General Meeting (AGM) of the Company, to be held on Wednesday, September 16, 2026 at 11.00 a.m. (IST) at the Registered Office of the Company. 3. The Register of Members and Share Transfer Books of the Company will remain closed from Friday, September 11, 2026 to Wednesday, September 16, 2026 (both days inclusive), for the purpose of the 38th Annual General Meeting (AGM) of the Company for the Financial Year 2025- 26. Thursday, September 10, 2026 has been fixed as the Record Date/Cut-off Date for determining the eligibility of Members to attend and vote at the AGM (including through remote e-voting). The remote e-voting period will commence at 9.00 a.m. (IST) on Friday, September 13, 2026 and end at 5.00 p.m. (IST) on Tuesday, September 15, 2026, and remote e-voting shall not be allowed beyond the said period." 4. Mr. Ravinder Reddy Surakanti (DIN: 07838836) has resigned as an Independent Director from the Board of the Company with effect from the close of business hours on July 31, 2026, due to his pre-occupation with personal and professional commitments. He has confirmed that there are no material reasons for his resignation other than those stated in his resignation letter. The Board of Directors, at its meeting held on July 31, 2026, has taken note of the resignation and placed on record its appreciation for the invaluable advice and guidance provided by Mr. Ravinder Reddy Surakanti during his tenure with the Company. The details as required under the Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, are given in Annexure-I. Also enclosed is the resignation letter of Mr. Ravinder Reddy Surakanti. 5. Appointed Mr. Y. Ravi Prasada Reddy, Practicing Company Secretary, Proprietor of M/s. RPR & Associates, as the Scrutinizer for conducting the remote e-voting process and the voting at the 38th Annual General Meeting of the Company, in a fair and transparent manner. 6. Re-constituted the following Committees of the Company with immediate effect: Audit Committee Sl No Name Category Designation 1 Mr. Srinivas Rao Kolli Independent Director Chairman 2 Mr. Penumaka Venkata Ramesh Independent Director Member 3 Mr. Kaushik Yalamanchili Managing Director Member 4 Mrs. Upadhyayula Karuna Independent Director Member Gayathri Nomination and Remuneration Committee Sl No Name Category Designation 1 Mrs. Upadhyayula Karuna Independent Director Chairperson Gayathri 2 Mr. Srinivas Rao Kolli Independent Director Member 3 Mr. Deepayan Mohanty Non-executive Non- Member Independent Director 4 Mr. Penumaka Venkata Ramesh Independent Director Member Stakeholders Relationship Committee Sl No Name Category Designation 1 Mr. Srinivas Rao Kolli Independent Director Chairman 2 Mr. Penumaka Venkata Ramesh Independent Director Member 3 Mr. Kaushik Yalamanchili Managing Director Member Management Committee Sl No Name Category Designation 1 Mr. Kaushik Yalamanchili Managing Director Chairman 2 Mr. Penumaka Venkata Ramesh Independent Director Member 3 Mr. Sivanand Swamy Mitikiri Whole-time Director Member Corporate Social Responsibility Committee Sl No Name Category Designation 1 Mr. Kaushik Yalamanchili Managing Director Chairman 2 Mr. Penumaka Venkata Ramesh Independent Director Member 3 Mr. Sivanand Swamy Mitikiri Whole-time Director Member 7. Approved the incorporation of a wholly owned subsidiary of the Company, with an initial investment of up to ₹10,00,000 (Rupees Ten Lakhs only), and authorized the Managing Director to finalize a suitable name for the proposed subsidiary, make the necessary application to the Registrar of Companies (ROC), and complete the incorporation process. The Company will intimate the stock exchanges upon completion of the incorporation. The details required to be disclosed under the Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, in relation to the aforesaid incorporation, are set out in Annexure-II enclosed herewith. This is for the information of all the stakeholders of the Company. Thanking you For MIC Electronics Limited Kaushik Yalamanchili Managing Director DIN: 07334243 Encl: A/a. Annexure-I Particulars of Resigned Director Name of the person Mr. Ravinder Reddy Surakanti Reasons for change Mr. Ravinder Reddy Surakanti has resigned as an Independent Director of the Company with effect from the close of business hours on July 31, 2026, due to pre-occupation with his personal and professional commitments. He has confirmed that there are no material reasons for his resignation, other than those mentioned in his resignation letter. Date of cessation From the closing business hours of July 31, 2026 Brief Profile (in case of appointment) NA Disclosure of relationships between directors NA (in case of appointment of a director) Name of listed entities in which the resigning NIL director holds directorship Annexure-II Particulars Details A wholly owned subsidiary of the Company is proposed to be incorporated. The name of the proposed subsidiary shall be finalized subject to availability/approval of the Ministry of Name of the entity, details in brief such as Corporate Affairs ("MCA") / Registrar of Companies ("ROC"), and size, turnover, etc. shall be intimated separately upon incorporation. Proposed paid- up/authorized share capital: ₹10,00,000 (Rupees Ten Lakhs only). Turnover: Not applicable (proposed new incorporation). Whether the acquisition/incorporation The proposed subsidiary, being a wholly owned subsidiary, will would fall within related party become a "related party" of the Company upon its incorporation, transaction(s) and whether the in terms of the applicable provisions of the Companies Act, 2013 promoter/promoter group/group and the SEBI (Listing Obligations and Disclosure Requirements) companies have any interest in the entity Regulations, 2015. As the entity does not presently exist, the being incorporated; if yes, nature of question of promoter/promoter group interest or arm's length interest and details thereof and whether pricing does not arise at this stage. the same is done at "arm's length" The proposed subsidiary is expected to be engaged in the business Industry to which the entity being of defence related activities including but not limited to incorporated belongs manufacturing, supply of defence equipment, technology and/or services. Objects and effects of incorporation The subsidiary is proposed to be incorporated to undertake (including but not limited to, disclosure of defence related activities including but not limited to reasons for incorporation of entity, if its manufacturing, supply of defence equipment, technology and/or business is outside the main line of services for strategic reasons. business of the listed entity) Brief details of any governmental or Approval of the Registrar of Companies for incorporation of the regulatory approvals required for the proposed subsidiary under the Com [Showing first 8,000 characters — download PDF for full document]