MIC Electronics Whole-Time Director M. S. Sivanand resigns
MIC Electronics (MICEL) said M. The company is valued at about ₹1,160 crore.
What happened
In a filing with the BSE on 14 November 2026 at 11:39 AM, MIC Electronics (MICEL) said that M. S. Sivanand, Whole-Time Director, has resigned.
Company snapshot
MIC Electronics is a small-cap company, with a market value of about ₹1,160 crore.
The stock last traded at ₹38.93, against a 52-week range of ₹29.97–₹57.6 (32.4% below the high).
Before this filing the shares had moved +10.5% over the month and +7.8% over three months. Average daily turnover over the last 20 sessions was about ₹2.25 crore.
Promoters held 41.73% at the end of Q2 FY27; 3.70% of promoter shares were pledged. Foreign institutions owned 20.35% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 38 | 2.2 | 0.09 |
| Q3 FY26 | 90 | 1.9 | 0.08 |
| Q4 FY26 | 51 | -18.3 | -0.76 |
| Q1 FY27 | 44 | 2.1 | 0.09 |
| Q2 FY27 | 91 | 4.6 | 0.15 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Market-wide, 4,556 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 46% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Q2 results effect? Small-cap stock under Rs.50 MIC Electronics rises 3% despite weak market trends. Do you own?
- MIC Electronics Q2 revenue rises to Rs 91.0072 crore
- MIC Electronics Share Price: Small-Cap Stock Under Rs 50
- MIC Electronics (NSE:MICEL) Q2 FY27: Revenue Up 140%, PAT Up 112% YoY
- MIC Electronics Q2 FY27: Revenue Surge Masks Underlying Profitability Concerns
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.