BSE smallcap stock in focus as board to consider raising funds via foreign currency convertible bonds

Shares of MIC Electronics are in focus as the company has informed exchanges about the date of its Extra-Ordinary General Meeting to consider and approve the proposal of raising of funds by issuance of Foreign Currency Convertible Bonds (FCCBs) on a Private Placement Basis not exceeding USD 15 million in one or more tranches. The company, in a regulatory filing, said that the meeting is scheduled to be held on Monday, December 01, 2025. The shareholders will consider and approve the issue and allotment of securities of the company to raise funds up to Rs 250 crore through Qualified Institutions Placement (QIP) to Qualified Institutional Buyers, in one or more tranches.

Business