MIC Electronics Completes Incorporation of Wholly-owned Subsidiary MIC Defence Systems
MIC Electronics Limited announced the incorporation of its wholly-owned subsidiary, MIC Defence Systems Private Limited, on August 31, 2026. The subsidiary has an initial investment of up to ₹10 Lakhs and will focus on defence electronics and related technologies.
The establishment of a subsidiary, especially in a strategic sector like defence, can lead to future growth and revenue diversification, indicating a medium-term impact.
The incorporation of a new wholly-owned subsidiary is a positive step for business expansion and diversification into the defence sector.
MIC Electronics Limited has announced the successful incorporation of its wholly-owned subsidiary, "MIC Defence Systems Private Limited". This follows the Board of Directors' approval on July 31, 2026, to establish the subsidiary with an initial investment of up to ₹10,00,000 (Rupees Ten Lakhs only).
The Certificate of Incorporation, dated August 31, 2026, was received from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs. MIC Defence Systems Private Limited will be a 100% subsidiary of MIC Electronics Limited, with its registered office located at Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hindustan Cables Ltd, Hyderabad – 500051, Telangana.
The subsidiary's authorized share capital is ₹10,00,000, divided into 1,00,000 Equity Shares of ₹10/- each, with a subscribed and paid-up share capital of ₹1,00,000, divided into 10,000 Equity Shares of ₹10/- each. Its business activities will encompass defence electronics, defence systems, aerospace, homeland security, unmanned systems, communication systems, surveillance solutions, electronic warfare, artificial intelligence-based defence technologies, cyber security solutions, and other allied products and services. As a wholly-owned subsidiary, MIC Defence Systems is considered a related party of MIC Electronics Limited.
A plain-language summary of a public exchange filing by MIC Electronics Limited. Read the original for the full detail.