Shareholders meeting

Date: August 22, 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, Bandra Dalal Street Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Dear Sir/Madam, Sub: Notice of 38th Annual General Meeting and Annual Report for the FY 2025-26 and Intimation of Remote E-voting facility. Ref: Scrip code - MICEL / 532850 Pursuant to Regulation 34 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby enclose the Notice of the 38th Annual General Meeting (“AGM”) of the Company, scheduled to be held on Wednesday, September 16, 2026 at 11:00 a.m. (IST) at the Registered ORice of the Company situated at Plot No. 192/B, Phase-II, IDA, Cherlapally, Hyderabad, Rangareddi, Telangana – 500051, along with the Annual Report of the Company for the financial year 2025-26. The Notice of the 38th AGM and the Annual Report for FY 2025-26 are also available on the Company’s website under the Investors section. The Register of Members and Share Transfer Books of the Company shall remain closed from Friday, September 11, 2026 to Wednesday, September 16, 2026 (both days inclusive) for the purpose of the 38th AGM. The Company has fixed Thursday, September 10, 2026 as the Cut-oR Date for determining the eligibility of Members to vote through remote e-voting and e-voting at the AGM. The Company is providing its Members with the facility to cast their votes electronically (“Remote e-voting”) on all the resolutions set forth in the Notice of the 38th AGM through the e-voting platform of M/s. Central Depository Services (India) Limited (CDSL) at www.evotingindia.com (EVSN: 260815001). The remote e-voting facility will commence on Sunday, September 13, 2026 at 9:00 a.m. (IST) and shall end on Tuesday, September 15, 2026 at 5:00 p.m. (IST). The detailed instructions relating to remote e-voting prior to the 38th AGM and e-voting at the 38th AGM are provided in the Notice of the 38th AGM. In compliance with the applicable provisions of the SEBI Listing Regulations and relevant circulars, the Notice of the 38th AGM and the Annual Report for FY 2025-26 have been sent electronically to all those Members whose e-mail addresses are registered with the Company/Registrar and Share Transfer Agent (“RTA”) or their respective Depository Participants. Further, in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, a letter containing the web-link, including the exact path, to access the Annual Report of the Company for FY 2025-26 is being sent to those Members whose e-mail addresses are not registered with the Company/RTA/Depository Participants. This is for the information of all the stakeholders of the Company. Thanking you For MIC Electronics Limited Lakshmi Sowjanya Alla Company Secretary & Compliance O‘icer Encl: A/a NOTICE INDEX Page No. Corporate Information 3 Notice of 38th Annual General Meeting 5 Board's Report 16 Secretarial Auditors’ Report 33 Annual Secretarial Compliance Report 36 CSR Report 40 Management Discussion and Analysis 42 Corporate Governance Report 46 Auditors' Report 58 Financial Statements 64 Consolidated Auditors' Report 93 Consolidated Financial Statements 97 Proxy Form 127 Polling Paper & Attendance Slip 128 38th Annual Report 2025 - 2026 NOTICE MIC Electronics Limited NOTICE CORPORATE INFORMATION Board of Directors Mr. Penumaka Venkata Ramesh (DIN: 02836069) - Chairman & Independent Director Mr. Kaushik Yalamanchili (DIN: 07334243) - Managing Director Mr. Siva Lakshmanarao Kakarala (DIN: 03641564) - Non-executive Director Mr. Sivanand Swamy Mitikiri (DIN: 10166966) - Whole-time Director Mr. Srinivas Rao Kolli (DIN: 07980993) - Independent Director Mr. Deepayan Mohanty (DIN: 00196042) - Non-executive Director1 Mrs. Karuna Gayathri Upadhyayula (DIN: 07901195) - Independent Director Mr. Ravinder Reddy Surakanti (DIN: 07838836) - Independent Director2 1Change in designation from Independent Director w.e.f. March 30, 2026. 2Appointed w.e.f. September 01, 2025. Chief Executive Officer - Mr. Rakshit Mathur Chief Financial Officer - Mr. Sadasivan Muralikrishnan Madurai Company Secretary & Compliance Officer - Mrs. Lakshmi Sowjanya Alla Statutory Auditors Secretarial Auditors M/s. Bhavani & Co, M/s. RPR & Associates, Chartered Accountants, Company Secretaries, Plot No. 48, Flat No. 301, Micasa, Flat No. 401, 4th Floor, Sri Sai Saraswathi Nilayam, Phase-I, Kavuri Hills, H.No. 5-5-33/26/A/1, Plot 77, Maitri Nagar, Hyderabad - 500 033. Kukatpally, Hyderabad, Telangana – 500072. Registrar & Share Transfer Agents Internal Auditors M/s. Venture Capital and Corporate Investments Pvt. Ltd., M/s. RKSB & Associates, AURUM, Door No.4-50/P-II/57/4F & 5F, Plot No.57, Chartered Accountants, 4th & 5th Floors, Jayabheri Enclave Phase – II, H.No. 5-5-139, Siddulawada, Gachibowli, Hyderabad – 500 032. Opp: Municipal Office, Ph: 040-23818475/476, Fax: 040-23868024 Siricilla – 505301, Email: info@vccipl.com Telangana. Registered Office Listing of Securities Plot No. 192/B, Phase-II, IDA, 1. M/s. BSE Limited (BSE) Cherlapally, Hyderabad, Rangareddi, 2. M/s. National Stock Exchange of India Ltd (NSE) Telangana - 500051. Tel: (040) 27122222, (040) 27133333 E-mail: cs@mic.co.in, WEBSITE : www.mic.co.in CIN : L31909TG1988PLC008652 Bankers / Lenders Bank of Maharashtra, Cherlapally Branch INVESTORS EMAIL ID : cs@mic.co.in Canara Bank, MID Corporate Branch, RP Road, Sec'bad. 38th Annual Report 2025 - 2026 NOTICE Board Committees: Mr. Srinivas Rao Kolli Chairperson Mr. Kaushik Yalamanchili Member Audit Committee Mrs. Karuna Gayathri Upadhyayula Member Mr. Ravinder Reddy Surakanti Member Mr. Srinivas Rao Kolli Chairperson Stakeholders Relationship Committee Mr. Kaushik Yalamanchili Member Mr. Ravinder Reddy Surakanti Member Mrs. Karuna Gayathri Upadhyayula Chairperson Nomination and Remuneration Committee Mr. Srinivas Rao Kolli Member Mr. Ravinder Reddy Surakanti Member Mr. Kaushik Yalamanchili Chairperson Management Committee Mr. Sivanand Swamy Mitikiri Member Mr. Ravinder Reddy Surakanti Member Mr. Kaushik Yalamanchili Chairperson Corporate Social Responsibility Committee Mr. Sivanand Swamy Mitikiri Member Mr. Ravinder Reddy Surakanti Member MIC Electronics Limited NOTICE NOTICE is hereby given that the Thirty Eighth (38th) Annual General Meeting of the Members of M/s. MIC Electronics Limited will be held at the registered office of the Company situated at Plot No. 192/B, Phase-II, IDA, Cherlapally, Hyderabad, Rangareddi, Telangana – 500 051 on Wednesday, September 16, 2026 at 11.00 A.M. to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, including Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow Statement for the Financial Year ended on March 31, 2026 together with the Reports of the Board of Directors and Statutory Auditors thereon. To consider and, if thought fit, to pass with or without modification, the following resolution as an Ordinary Resolution: “RESOLVED THAT the Audited Standalone and Consolidated Financial Statements of the Company comprising of the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss, Cash Flow Statement for the financial year ended on that date along with the Notes and Schedules thereto, together with the Reports of the Board of Directors and Statutory Auditors thereon, as placed before this meeting, be and are hereby received, considered, and adopted." 2. To appoint a Director in place of Mr. Sivanand Swamy Mitikiri (DIN: 10166966), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment. To consider and, if thought fit, to pass with or without modificat [Showing first 8,000 characters — download PDF for full document]