MIC Electronics - Outcome Of Board Meeting

MIC Electronics Ltd has informed that the Board of Directors of the Company at its meeting held on April 25, 2008, has approved the following:

1. Re-appointment of Dr. M V Ramana Rao as Chairman & Managing Director of the Company subject to the approval of the members of the Company.

2. To call Extra-ordinary General Meeting of the Members of the Company on May 19, 2008.

3. Took note of the resignation of Mr. Mangi Lal Kalani as Director of the Company.