MIC Electronics Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting

MIC Electronics has announced a board meeting where it gave in-principle approval to explore acquiring Neo Semi SG Pte. Ltd. (NSPL), a Singapore-based company. This strategic move aims to diversify MIC's portfolio into high-growth tech sectors like semiconductors, AI, IoT, and green energy management. NSPL's ecosystem includes tie-ups with a Silicon Valley chip design firm and India’s largest electronics refurbishment company. The acquisition is subject to detailed valuation, due diligence, and final agreement. The Managing Director is authorized to lead these negotiations and engage necessary experts.