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| Exchange Disseminated Time 09/01/2016 17:48:24 | MIC Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 09, 2016, inter alia, has approved the following:
- The issue of conversion of debt / liability into equity shares and further issue of equity shares on preferential basis has been discussed by the Board in detail. After examining all aspects involved the Board felt that the subject matter merits
re-examination specially keeping in view of the interests of all the stakeholders involved. Accordingly the Managing Director, Dr. M. V. Ramana Rao is requested to come up with a specific proposal or alternatively with some other options at appropriate time for consideration by the Board. |
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