MIC Electronics - Outcome of AGM

MIC Electronics Ltd has informed that the shareholders at the 19th Annual General Meeting (AGM) of the Company held on December 22, 2007, inter alia, have approved the following business:

1. Adoption of audited Balance Sheet as at June 30, 2007, Profit and Loss Account for the period ended on that date and the Reports of the Board of Directors and Auditors thereon.

2. Re-appointment of Shri. L N Malleswara Rao, Shri. U Ramakrishna Shri. Anil Goyal and Shri. Mangilal Kalani as directors retire by rotation.

3. Appointment of M/s. Pinnamaneni & Co., Chartered Accountants as auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion or next Annual General Meeting of the Company, at a remuneration to be declared by the Board of Directors.

4. Alteration of Articles of Association of the Company in regards to payment of sitting fee.