MIC Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2008, inter alia, has considered and approved the subdivision of 3,00,00,000 equity shares of Rs 10/- each of the Company comprised in its Authorised Share Capital into 15,00,00,000 Equity Shares of Rs 2/- each.

The Board also decided to convene an Extra-ordinary General Meeting of the members of the Company on June 14, 2008 to secure consent of the members for the above sub-divisions of equity shares.