MIC Electronics Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 05, 2008, to transact the following special business:

1. To increase the Authorised Share Capital of the Company from Rs 22,00,00,000 divided into 2,20,00,000 equity shares of Rs 10/- each to Rs 30,00,00,000 divided into 3,00,00,000 equity shares of Rs 10/- each & consequential alteration in the Memorandum of Association of the Company.

2. To create, offer, issue and allot 38,67,345 (Thirty Eight Lakh Sixty Seven Thousand Three Hundred & Forty Five only) warrants (warrants for brevity) to the strategic investors at a price of Rs 572/- (Five Hundred Seventy Two Only) per warrant on preferential allotment basis, in one or more trenches, on such terms and conditions and in such manner as the Board may think fit, whether or not they are members of the Company each warrant entitling the holder thereof to apply for and be allotted one equity share per warrant of Rs 527/- each and which conversion shall be made within a period not exceeding 18 (Eighteen) months from the date of allotment of the warrants in accordance with the SEBI (Disclosure & Investor Protection) Guidelines, 200 and other applicable guidelines.