MIC Electronics : Record Date

ISO 9001:2008 ISO 14001:2004 Certified Company

MIC Electronics Limited

	Date: July 20, 2022
To
The Listing Compliance Department	The Listing Compliance Department
M/s. BSE Limited	M/s. National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Dalal Street,	Bandra Kurla Complex, Bandra (E),
Mumbai- 400001.	Mumbai- 400 051.
Scrip code: 532850 / MIC	Scrip code: MICEL
Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on July 20, 2022

We hereby inform you that, the Board of Directors of the Company at their meeting held today considered and approved, inter-alia, the following agenda items:

1. The Un-audited financial results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2022 as per the format prescribed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (enclosed)
2. The Limited Review Report issued by M/s. Bhavani & Co., Chartered Accountants, Statutory Auditors of the Company on aforesaid Results. (enclosed)
3. The draft Board's Report with annexures for the FY 2021-22.
4. Fixed the date of 34th Annual General Meeting of the Company on Monday, August 22, 2022 at 11.00 a.m. (IST) and approved the draft Notice of 34th AGM.
5. The Register of Member and Share Transfer Books of the Company will remain closed from August 16, 2022 to August 22, 2022 (both days inclusive) for taking record of the Members of the Company for the purpose of 34th Annual General Meeting and the Record date will be August 15, 2022.
6. Appointed Mr Y Ravi Prasada Reddy of RPR & Associates, Practicing Company Secretaries as Scrutinizer for 34th AGM of the Company.

The meeting of the Board of Directors commenced at 11.30 a.m. and concluded at 12:35 p.m.

Thanking you

for MIC Electronics Limited

YALAMAN CHILI KAUSHIK

Digitally signed by YALAMANCHILI KAUSHIK DN: c=IN, o=Personal, pseudonym=c2b1e32e488584ed8f37b687b af05c2f78432e12c52ec2eb0e06dc05b8bee1 78, postalCode=500033, st=TELANGANA, serialNumber=dfa1eea1f85f8a4e7f9c57031 911d1ae8ed0ad2f248f24afeb5de7f5b9f087 68, cn=YALAMANCHILI KAUSHIK

Date: 2022.07.20 12:45:21 +05'30'

Kaushik Yalamanchili

Managing Director

DIN: 07334243

Encl: A/a.

CIN: L31909TG1988PLC008652

Regd. Office: Plot No. 192/B, Phase-II, IDA, Cherlapally, Hyderabad, Rangareddi, Telangana - 500051. Telephone No's: [phone]; [phone]; Website: www.mic.co.in; Email id: [e-mail].

	ISO 9001:2008 ISO 14001:2004 Certified Company
MIC Electronics Limited	®

										(₹. In Crores)
					MIC Electronics Limited
		UN-AUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 30TH JUNE 2022
	STAND-ALONE					CONSOLIDATED
	Quarter ended		Year ended	Sr.			Quarter ended		Year ended
				Particulars
30.06.2022	31.03.2022	30.06.2021	31.03.2022	30.06.2022	31.03.2022		30.06.2021	31.03.2022
No.
Un-audited	Audited	Un-audited	Audited		Un-audited	Audited		Un-audited	Audited
				1	Income
1.19	0.51	0.26	31.14		Revenue from Operations	2.42	14.32		0.26	44.95
0.24	0.83	0.01	1.19		Other Income	0.24	0.94		0.01	1.30
1.43	1.34	0.27	32.33		Total Income	2.66	15.26		0.27	46.25
				2	Expenses
1.52	0.11	0.53	19.71		a. Cost of Material Consumed	1.52	0.11		0.53	19.71
0.00	-	-	-		b. Purchase of stock-in-trade	1.18	12.24		0.00	12.24
	(0.13)	(0.48)	(0.13)		c. Changes in inventories of finished goods, work-	(1.53)	(1.93)		(0.48)	(1.93)
(0.90)		in-progress and stock-in-trade
0.41	0.55	0.26	2.03		d. Employee benefits expense	0.84	1.67		0.26	3.15
0.10	0.03	0.66	1.14		e. Finance Costs	0.12	0.63		0.66	1.74
0.51	0.66	0.65	2.61		f. Depreciation and Amortisation expense	0.62	0.96		0.65	2.91
0.58	1.25	0.80	4.16		g. Other Expenses	1.15	2.49		0.80	5.40
2.22	2.47	2.42	29.52		Total Expenses	3.90	16.17		2.42	43.22
(0.79)	(1.13)	(2.15)	2.81	3	Profit / (Loss) from ordinary activities before	(1.24)	(0.91)		(2.15)	3.03
exceptional Items
-	-	-	-	4	Exceptional Items - Expenditure / (Income)	-	-		-	-
							-
(0.79)	(1.13)	(2.15)	2.81		Profit / (Loss) before tax	(1.24)	(0.91)		(2.15)	3.03
				5	Tax Expense
-	-	-	-		Current Tax	-	0.04		-	0.04
-	-	-	-		Deferred Tax	-	0.03		-	0.03
(0.79)	(1.13)	(2.15)	2.81	6	Profit for the period	(1.24)	(0.98)		(2.15)	2.96

YALAMANC HILI KAUSHIK

Digitally signed by YALAMANCHILI KAUSHIK

DN: c=IN, o=Personal, pseudonym=c2b1e32e488584ed8f37b687 baf05c2f78432e12c52ec2eb0e06dc05b8b ee178, postalCode=500033, st=TELANGANA, serialNumber=dfa1eea1f85f8a4e7f9c5703 1911d1ae8ed0ad2f248f24afeb5de7f5b9f0 8768, cn=YALAMANCHILI KAUSHIK Date: 2022.07.20 12:46:11 +05'30'

	ISO 9001:2008 ISO 14001:2004 Certified Company
MIC Electronics Limited	®

-	-	-	-	7	Other Comprehensive Income	-	-	-	-
(0.79)	(1.13)	(2.15)	2.81	8	Total comprehensive income for the period	(1.24)	(0.98)	(2.15)	2.96
				9	Net profit attributable to
(0.79)	(1.13)	(2.15)	2.81		owners of the company	(1.24)	(1.05)	(2.15)	2.89
-	-	-	-		Non-Controlling Interest	-	0.07	-	0.07
				10	Other Comprehensive Income attributable to
-	-	-	-		owners of the company	-	-	-	-
-	-	-	-		Non-Controlling Interest	-	-	-	-
				11	Total Comprehensive Income attributable to
(0.79)	(1.13)	(2.15)	2.81		owners of the company	(1.22)	(1.05)	-	2.89
-	-	-	-		Non-Controlling Interest	(0.02)	0.07	-	0.07
				12	Paid up Equity Share capital, equity shares of ₹.2/-
44.29	44.29	11.01	44.29	each	44.05	44.29	11.01	44.29
-	-	-	15.68	13	Other equity excluding revaluation reserve	-	-	-	18.48
-	-	-	59.97	14	Networth (including retained earnings)	-	-	-	62.77
				15	Earnings Per Share (face value of ₹.2/- each)
(0.04)	(0.05)	(0.10)	0.13		(a) Basic	(0.06)	(0.04)	(0.10)	0.13
(0.04)	(0.05)	(0.10)	0.13		(b) Diluted	(0.06)	(0.04)	(0.10)	0.13

Notes:

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on July 20, 2022. The same have also been subjected to limited review by the statutory auditors.

1. The consolidated financial results include the unaudited financial results of the wholly owned subsidiary, M/s. Bikewo Green Tech Pvt Ltd (formerly known as 'Right Automobiles Pvt. Ltd.)
2. Management reviewed the deferred tax assets/liabilities on temporary differences between the tax base of assets and liabilities and their carrying amounts for the financial reporting purpose at reporting date. However, as the company is under CIRP, there is virtual uncertainty of taxable profits in near future and availability of deferred tax assets to be set off. Accordingly, the deferred tax (net assets) for the reporting period i.e., April 1, 2022 to June 30, 2022 have not been considered.

YALAMANC DN: c=IN, o=Personal,
	Digitally signed by YALAMANCHILI KAUSHIK
HILI	pseudonym=c2b1e32e488584ed8f37b687baf
05c2f78432e12c52ec2eb0e06dc05b8bee178,
postalCode=500033, st=TELANGANA,
serialNumber=dfa1eea1f85f8a4e7f9c5703191

KAUSHIK	1d1ae8ed0ad2f248f24afeb5de7f5b9f08768,
cn=YALAMANCHILI KAUSHIK
	Date: 2022.07.20 12:46:29 +05'30'

	ISO 9001:2008 ISO 14001:2004 Certified Company
MIC Electronics Limited	®

1. The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. As on the date of these results, the Company based on the internal and external information available and the current indicators, believes that there is no material impact of the pandemic on its overall performance, except as mentioned hereinbefore. However, given the uncertainties associated with the nature and duration of COVID-19, the Company continues to monitor the situation closely and shall take appropriate actions based on material changes (if any).
2. The Company has only three segments i.e., LED Products, Medical and other appliances and Automobile segment
3. Figures have been rearranged wherever necessary.

For MIC Electronics Limited

		YALAMANC DN: c=IN, o=Personal,
			Digitally signed by YALAMANCHILI KAUSHIK
		HILI	pseudonym=c2b1e32e488584ed8f37b687baf
		05c2f78432e12c52ec2eb0e06dc05b8bee178,
		postalCode=500033, st=TELANGANA,
		serialNumber=dfa1eea1f85f8a4e7f9c5703191
		KAUSHIK	1d1ae8ed0ad2f248f24afeb5de7f5b9f08768,
		cn=YALAMANCHILI KAUSHIK
			Date: 2022.07.20 12:46:52 +05'30'
Place:	Hyderabad	Kaushik Yalamanchili
Date:	20.07.2022	Managing Director

ISO 9001:2008 ISO 14001:2004 Certified Company

MIC Electronics Limited

SEGMENT-WISE REVENUE, RESULTS & CAPITAL EMPLOYED (STANDALONE) UNDER CLAUSE 41 OF THE LISTING AGREEMENT FOR THE QUARTER ENDED 30th JUNE, 2022

				(₹. In Crores)
	3 Months	Previous 3	Corresponding	Previous
	ended	months	3 months	accounting
PARTICULARS	30.06.2022	ended	ended in the	Year ended
	31.03.2022	previous year	31.03.2022
			30.06.2021
	Un-Audited	Audited	Un-Audited	Audited
SEGMENT REVENUE:
(Net Sales/Income from Operations)
a) LED Products	0.11	1.08	0.27	2.19
b) Medical and other appliances	0.24	0.26	0.00	30.14
c) Automobiles	1.08	-	-	-
Total:	1.43	1.34	0.27	32.33
Less: Inter Segment Revenue	-	-	-	-
Net Sales/Income from Operations	1.43	1.34	0.27	32.33
SEGMENT RESULTS:
PROFIT (LOSS) BEFORE TAX AND
INTEREST
a) LED Products	(0.93)	(1.34)	(1.49)	(5.10)
b) Medical and other appliances	0.23	0.24	-	9.05
c) Automobiles	0.01	-	-	-
Total:	(0.69)	(1.10)	(1.49)	3.95
LESS:
I) Interest	0.10	0.03	0.66	1.14
ii) Other un-allocable Expenditure	-	-	-	-
iii) Un-Allocable Income
-	-	-	-
TOTAL PROFIT/(-LOSS) BEFORE TAX	(0.79)	(1.13)	(2.15)	2.81
SEGMENT ASSETS
a) LED Products	50.81	2.87	(1.71)	54.72
b) Medical and other appliances	8.89	(4.49)	0.00	8.71
c) Automobiles	5.16	-	-	-
SEGMENT LIABILITIES
a) LED Products	50.81	2.87	(1.71)	54.72
b) Medical and other appliances	8.89	(4.49)	0.00	8.71
c) Automobiles	5.16	-	-	-

YALAMANC HILI KAUSHIK

Digitally signed by YALAMANCHILI KAUSHIK DN: c=IN, o=Personal, pseudonym=c2b1e32e488584ed8f37b687b af05c2f78432e12c52ec2eb0e06dc05b8bee1 78, postalCode=500033, st=TELANGANA, serialNumber=dfa1eea1f85f8a4e7f9c570319 11d1ae8ed0ad2f248f24afeb5de7f5b9f08768

• cn=YALAMANCHILI KAUSHIK Date: 2022.07.20 12:47:05 +05'30'