MIC Electronics Limited — Annual Report 2026

Apr 25, 2026

MIC Electronics Limited
An ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 Certified Company
UKAS MANAGEMENT SYSTEMS 0043
MIC MIC
MIC
driving innovation

Date: April 25, 2026

To

Listing Compliance Department
M/s. BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 400 001

Listing Compliance Department
M/s. National Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Bandra Kurla Complex, Bandra (E),
Mumbai 400 051

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on Saturday, April 25, 2026 – Audited Financial Results for the Quarter and Year ended March 31, 2026.

Ref: Scrip code - MICEL / 532850

Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform that, the Meeting of the Board of Directors of the Company held today, i.e. on Saturday, April 25, 2026, commenced at 03:00 PM and concluded at 04:45 PM. The Board, inter-alia, discussed and approved the following items of business:

1. Audited Standalone and Consolidated Financial Results of the Company including segment wise results, for the quarter and year ended March 31, 2026.
2. Noted the Auditors Report (Standalone and Consolidated) issued by the Statutory Auditors, M/s. Bhavani & Co., on the aforementioned Audited Financial Results for the quarter and year ended March 31, 2026.

Enclosed the Audited Standalone and Consolidated Financial Results of the Company including segment wise results for the quarter and year ended March 31, 2026, Statement of assets and liabilities as at March 31, 2026 and the Cash flow statement for the half year ended March 31, 2026, along with Auditors Report (Standalone and Consolidated) thereon.

Declaration of Unmodified Opinion:

Pursuant to Regulation 33(3)(d) of Listing Regulations and SEBI Circular No. CIR/CFD/CMD/56/2016, dated May 27, 2016, the Company hereby confirms that the Statutory Auditors have issued their Audit Report with 'Unmodified Opinion' on the Audited Financial Results & Statements of the Company (Standalone and Consolidated) for the year ended March 31, 2026.

This is for the information of all the stakeholders of the Company.

Thanking you

For MIC Electronics Limited

YALAMAN
CHILI
KAUSHIK

Digitally signed by YALAMANCHILI KAUSHIK
Date: 2026.04.25 16:57:48 +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: +91 40 27122222 | Mobile: 8885039259 / 7995762223 | Website: www.mic.co.in | Email id: info@mic.co.in.

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(Rs.in Lakhs)

MIC ELECTRONICS LIMITED
AUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED MARCH 31, 2026
STAND-ALONE							CONSOLIDATED
3 Months ended	Previous 3 Months ended	Corresponding 3 Months ended in the previous year	Year to date figures for current period ended (12M)	Previous Accounting year ended	Sl. No.	Particulars	3 Months ended	Previous 3 Months ended	Corresponding 3 Months ended in the previous year	Year to date figures for current period ended (12M)	Previous Accounting year ended
31.03.2026	31.12.2025	31.03.2025	31.03.2026	31.03.2025			31.03.2026	31.12.2025	31.03.2025	31.03.2026	31.03.2025
Audited	Un-audited	Audited	Audited	Audited			Audited	Un-audited	Audited	Audited	Audited
					1	Income
5079.49	1263.05	2,806.72	8,727.83	6172.85		Revenue from Operations	5079.49	9022.71	4484.62	19052.34	9476.37
34.69	14.67	30.65	116.19	121.84		Other Income	34.69	14.67	30.66	116.19	123.99
5114.18	1277.72	2837.37	8844.02	6294.69		Total Income	5114.18	9037.38	4515.28	19168.53	9600.36
					2	Expenses
3386.54	776.77	1,120.30	5,069.70	3295.47		a. Cost of Material Consumed	3386.54	776.77	1120.30	5069.70	3295.47
-	-	-	-	-		b. Purchase of stock-in-trade	-7.90	7591.92	1,664.86	10148.13	3,275.99
(657.66)	(491.37)	311.83	(1438.66)	(673.53)		c. Changes in inventories of finished goods, work-in-progress and stock-in-trade	(657.66)	(491.37)	311.83	(1438.66)	(673.53)
289.92	221.18	228.63	998.41	747.07		d. Employee benefits expense	336.71	221.18	228.63	1045.20	747.07
181.90	128.84	142.27	604.21	460.87		e. Finance Costs	181.57	129.52	142.34	604.84	461.08
91.54	91.42	43.72	364.61	160.61		f. Depreciation and Amortisation expense	91.60	94.36	43.72	367.61	160.61
732.41	408.05	311.71	1,625.06	1001.54		g. Other Expenses	686.56	527.28	322.48	1703.73	1026.88
4024.65	1134.89	2158.46	7223.33	4992.03		Total Expenses	4017.42	8849.66	3834.16	17500.55	8293.57
1089.53	142.83	678.91	1620.69	1302.66	3	Profit / (Loss) from ordinary activities before exceptional Items	1096.76	187.72	681.12	1667.98	1306.79
-	-	-	-	-	4	Exceptional Items - Expenditure / (Income)	-	-	-	-	-
1089.53	142.83	678.91	1620.69	1302.66		Profit / (Loss) before tax	1096.76	187.72	681.12	1667.98	1306.79
					5	Tax Expense
-	-	-	-	-		Current Tax	-	-	-	-	-
(2,931.34)	-	(323.66)	(2,931.34)	(323.66)		Deferred Tax	(2,931.34)	-	(323.66)	(2,931.34)	(323.66)
(1841.81)	142.83	355.25	(1310.65)	979.00	6	Profit for the period	(1834.58)	187.72	357.46	(1263.36)	983.13
(14.81)	-	(13.69)	(14.81)	(13.69)	7	Other Comprehensive Income	-	-	(13.69)	(14.81)	(13.69)
(1856.62)	142.83	341.55	(1325.46)	965.30	8	Total comprehensive income for the period	(1834.58)	187.72	343.76	(1278.17)	969.43

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					9	Net profit attributable to
(1856.62)	142.83	341.55	(1325.46)	965.30		owners of the company	(1,834.58)	187.72	343.76	(1,278.17)	969.43
-	-	-	-	-		Non-Controlling Interest	-	-	-	-	-
					10	Other Comprehensive Income attributable to
-	-	-	-	-		owners of the company	-	-	-	-	-
-	-	-	-	-		Non-Controlling Interest	-	-	-	-	-
					11	Total Comprehensive Income attributable to
(1856.62)	142.83	341.55	(1325.46)	965.30		owners of the company	(1,834.58)	187.72	343.76	(1,278.17)	969.43
-	-	-	-	-		Non-Controlling Interest	-	-	-	-	-
4820.23	4820.23	4820.23	4820.23	4820.23	12	Paid up Equity Share capital, equity shares of Rs.2/- each	4820.23	4820.23	4820.23	4820.23	4820.23
-	-	-	16,015.81	17,341.27	13	Other equity excluding revaluation reserve	-	-	-	16801.50	17439.07
-	-	-	20,836.04	22,161.50	14	Networth (including retained earnings)	-	-	-	21,621.73	22,259.30
					15	Earnings Per Share (face value of Rs.2/- each)
(0.77)	0.06	0.14	(0.55)	0.40		(a) Basic	(0.76)	0.08	0.14	(0.53)	0.40
(0.77)	0.06	0.14	(0.55)	0.40		(b) Diluted	(0.76)	0.08	0.14	(0.53)	0.40

Notes:

1. The above results have been reviewed by the Audit Committee at its meeting held on April 25, 2026 and approved by the Board of Directors of the Company at its meeting held on April 25, 2026. The results for the Quarter and Year ended March 31, 2026 have been audited by our Statutory Auditors. They have expressed an unmodified opinion on the financial results for the Quarter and Year ended March 31, 2026.
2. The standalone financial results of the company have been prepared in accordance with the Indian Accounting Standards prescribed u/s.133 of the companies act, 2013 read vide relevant rules issued thereunder (IndAS) and other accounting principles generally accepted in India and guidelines issued by SEBI.
3. The consolidated financial results include the audited financial results of the wholly owned subsidiary, M/s. SOA Electronics Trading LLC, Dubai & audited financial results of the wholly owned subsidiary MICK Digital India Limited.
4. The Company has only four segments i.e., LED Products, Medical and other appliances, automobile and Electrical & Electronics, Spare parts trading segments
5. During the quarter and year ended March 31, 2026, Deferred Tax Assets aggregating to ₹29.31 crores, pertaining to carried forward business losses relating to FY 2017-18, have been reversed upon expiry of the permissible carry forward period under the Income-tax Act i.e. 8 years. The reversal has resulted in an increase in deferred tax expense, thereby reducing the Profit After Tax and Earnings Per Share. This adjustment is non-cash in nature and does not impact the operational performance of the Company.
6. The Statement includes results for the quarter ended March 31, 2026 and March 31, 2025 being the balancing figure between the audited figures in respect of the financial year and previous financial year and the published figures upto $3^{\text{rd}}$ quarter of the current financial years and previous financial year respectively.
7. Figures have been rearranged wherever necessary.

Date: 25-04-2026

Place: Hyderabad

By Order of the Board

For MIC Electronics Limited

Digitally signed by

YALAMANCHI

KAUSHIK

Date:2026.04.25

16:58:13 +05'30'

Kaushik Yalamanchili

Managing Director

DIN: 07334243

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AUDITED STANDALONE SEGMENT-WISE REVENUE, RESULTS & CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

(Rs. in Lakhs)

PARTICULARS	3 Months ended 31.03.2026	Previous 3 Months ended 31.12.2025	Corresponding 3 Months ended in the previous year 31.03.2025	Year to date figures for current period ended (12M) 31.03.2026	Previous accounting Year ended 31.03.2025
	Audited	Un-audited	Audited	Audited	Audited
SEGMENT REVENUE: (Net Sales/Income from Operations)
a) LED Products	5092.31	1263.20	1525.45	8747.89	4837.33
b) Medical and other appliances	-	0.00	1,050.17	32.37	1138.49
c) Automobiles	-	-	335.59	-	335.59
Total:	5092.31	1263.20	2911.21	8780.26	6311.41
Less: Inter Segment Revenue	-	-	100.37	-	100.37
Net Sales/Income from Operations	5092.31	1263.20	2810.84	8780.26	6211.04
SEGMENT RESULTS: PROFIT (LOSS) BEFORE TAX AND INTEREST
a) LED Products	1273.25	258.31	165.96	2185.30	1008.96
b) Medical and other appliances	(23.34)	(1.16)	620.48	(23.82)	662.71
c) Automobiles	(0.34)	-	8.21	(0.34)	8.21
Total:	1249.56	257.15	794.65	2161.14	1679.88
LESS:
i) Interest	181.90	128.84	142.27	604.21	460.87
ii) Other un-allocable Expenditure	-	-	-	-	-
iii) Interest Income	21.87	14.52	26.53	63.76	83.65
iv) Un-Allocable Income	-	-	-	-	-
TOTAL PROFIT/(-LOSS) BEFORE TAX	1089.53	142.83	678.91	1620.69	1302.66
SEGMENT ASSETS
a) LED Products	2583.70	748.27	151.65	30830.67	26161.92
b) Medical and other appliances	(1280.80)	(1.15)	(209.20)	283.19	1557.60
c) Automobiles	(0.34)	(150.69)	(154.31)	0.00	301.03
SEGMENT LIABILITIES
a) LED Products	2583.70	748.27	151.65	30830.67	26161.92
b) Medical and other appliances	(1280.80)	(1.15)	(209.20)	283.19	1557.60
c) Automobiles	(0.34)	(150.69)	(154.31)	0.00	301.03

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AUDITED CONSOLIDATED SEGMENT-WISE REVENUE, RESULTS & CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

(Rs. in Lakhs)

PARTICULARS	3 Months ended 31.03.2026	Previous 3 months ended 31.12.2025	Corresponding 3 months ended in the previous year 31.03.2025	Year to date figures for current period ended (12M) 31.03.2026	Previous accounting Year ended 31.03.2025
	Audited	Un-audited	Audited	Audited	Audited
SEGMENT REVENUE: (Net Sales/Income from Operations)
a) LED Products	5092.31	1263.20	1525.45	8747.89	4837.33
b) Medical and other appliances	-	0.00	1,050.17	32.37	1138.49
c) Automobiles	-	-	335.59	-	335.59
d) Electrical & Electronics, Spare parts trading		7,759.66	1,677.91	10,324.51	3305.67
Total:	5092.31	9022.86	4589.12	19104.77	9617.08
Less: Inter Segment Revenue	-	-	100.37	-	100.37
Net Sales/Income from Operations	5092.31	9022.86	4488.75	19104.77	9516.71
SEGMENT RESULTS: PROFIT (LOSS) BEFORE TAX AND INTEREST
a) LED Products	1272.48	258.29	165.96	2184.31	1008.96
b) Medical and other appliances	(23.34)	(1.16)	620.48	-23.82	662.71
c) Automobiles	(0.34)	-	8.21	(0.34)	8.21
d) Electrical & Electronics, Spare parts trading	7.67	45.59	2.28	48.91	4.34
Total:	1256.47	302.72	796.93	2209.06	1684.22
LESS:
i) Interest	181.57	129.52	142.34	604.84	461.08
ii) Other un-allocable Expenditure	-	-	-	-	-
iii) Interest Income	21.86	14.52	26.53	63.76	83.65
iv) Un-Allocable Income	-	-	-	-	-
TOTAL PROFIT/(-LOSS) BEFORE TAX	1096.76	187.72	681.12	1667.98	1306.79
SEGMENT ASSETS
a) LED Products	2583.26	748.71	151.65	30830.67	26161.92
b) Medical and other appliances	(1280.80)	(1.15)	(209.20)	283.19	1557.60
c) Automobiles	(0.34)	(150.69)	(154.31)	0.00	301.03
d) Electrical & Electronics, Spare parts trading	(8792.43)	7276.64	1,770.66	4301.51	3,378.75
SEGMENT LIABILITIES
a) LED Products	2583.26	748.71	151.65	30830.67	26161.92
b) Medical and other appliances	(1280.80)	(1.15)	(209.20)	283.19	1557.60
c) Automobiles	(0.34)	(150.69)	(154.31)	0.00	301.03
d) Electrical & Electronics, Spare parts trading	(8792.43)	7276.64	1,770.66	4301.51	3,378.75

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STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2026
(Rs. in Lakhs)

Standalone		Particulars	Consolidated
As at 31.03.2026	As at 31.03.2025		As at 31.03.2026	As at 31.03.2025
Audited	Audited		Audited	Audited
		ASSETS
		Non-Current Assets
4565.88	4673.23	Property, Plant & Equipment	4568.51	4673.23
10.26	11.69	Other Intangible Assets	10.26	11.69
105.80	186.69	Intangible Assets under development	105.80	186.69
		Financial Assets
5127.57	5127.57	(i) Investments	-	-
971.41	859.94	(ii) Other financial Assets	972.27	835.31
1,155.54	4,086.87	Deferred Tax Assets (net)	1,155.54	4,086.87
4275.86	4207.54	Other Non-Current Assets	4275.87	4232.87
16212.32	19153.53		11088.25	14026.66
		Current Assets
2910.68	1614.50	Inventories	2910.68	1614.50
		Financial Assets
10273.70	5105.02	(i) Trade receivables	19588.78	8410.86
6.90	650.06	(ii) Cash & Cash Equivalents	28.88	664.60
1066.61	720.21	(iii) Bank balances other than ii above	1066.61	720.21
0.00	173.67	(iv) Loans	0.00	173.67
-	39.25	(v) Other financial assets	-	39.25
643.66	564.31	Other Current Assets	732.18	5749.55
14901.54	8867.02		24327.12	17372.64
31113.86	28020.55	TOTAL ASSETS	35415.37	31399.30
		EQUITY AND LIABILITIES
		Equity
4820.23	4820.23	Equity Share Capital	4820.23	4820.23
16015.81	17341.27	Other Equity	16801.50	17439.07
-	-	Non-controlling interest	54.67	-
20836.04	22161.50		21676.40	22259.30
		Liabilities
		Non-current liabilities
		Financial Liabilities
931.83	1,259.67	(i) Borrowings	931.83	1,259.67
102.30	54.24	Long Term Provisions	102.30	54.24
1,034.13	1313.91		1,034.13	1313.91
		Current liabilities
		Financial Liabilities
3487.25	3531.25	(i) Borrowings	3487.25	3531.25
3246.22	660.11	(ii) Trade Payables	6571.68	3941.06
155.75	218.62	(iii) Other Financial Liabilities	295.27	218.62
2342.74	125.02	Other current liabilities	2338.90	125.02
11.74	10.13	Provisions	11.74	10.13
9243.69	4545.14		12704.84	7826.08
31113.86	28020.55	TOTAL EQUITY & LIABILITIES	35415.37	31399.30

YALAMAN

CHILI

KAUSHIK

Digitally signed by

YALAMANCHILI

KAUSHIK

Date: 2026.04.25

16:58:34 +05'30'

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CASHFLOW STATEMENT FOR THE HALF YEAR ENDED MARCH 31, 2026
(Rs. in Lakhs)

Standalone		Particulars	Consolidated
31.03.2026	31.03.2025		31.03.2026	31.03.2025
Audited	Audited		Audited	Audited
1,620.69	1,302.66	Cash Flow from Operating Activities
(14.81)	(13.69)	Profit/(Loss) before Income tax from Continued Operations	1,667.98	1,306.79
-	-	Re-measurement gains/ (losses) on defined benefit plans	(14.81)	(13.69)
		Effect of currency translation on consolidation	627.33	93.67
1,605.88	1,288.96	Profit before Income tax including discontinued operations	2,280.50	1,386.77
364.61	160.61	Adjustments for non-cash/non-operational expenses:
604.21	460.87	Depreciation & amortisation expenses	367.61	160.61
63.76	83.65	Financial Charges	604.84	461.08
		Interest received /Other Income	63.76	83.65
2,638.46	1994.09	Operating Profit before Working Capital Changes	3,316.71	2092.11
(5,168.68)	(2,573.09)	Adjustments for working capital changes
(1,296.18)	(813.45)	(Increase)/Decrease in Trade Receivables	(11,177.92)	(5,878.93)
173.67	-	(Increase)/Decrease in Inventories	(1,296.18)	(813.45)
(72.22)	71.94	(Increase)/Decrease in Loans	173.67	-
(79.34)	1,244.63	(Increase)/Decrease in Other financial assets	(72.39)	71.94
2,586.10	324.00	(Increase)/Decrease in Other Current Assets	5,017.37	(3,940.61)
48.07	31.46	Increase/(Decrease) in Trade Payables	2,630.63	3,604.95
(62.87)	530.58	Increase/(Decrease) in Provisions	48.07	31.46
2,219.32	(103.47)	Increase/(Decrease) in Other financial liabilities	76.65	530.58
		Increase/(Decrease) in Other Current Liabilities	2,215.48	(103.48)
986.33	706.69	Cash generated from Operations	932.09	(4,405.44)
(604.21)	(460.87)	Financial Charges paid	(604.84)	(461.08)
382.12	245.81	Net Cash Flow from operating activities	327.26	(4,866.51)
(255.83)	(2,258.17)	Cash Flow from Investing Activities
		Expenditure on acquisition of tangible and intangible assets (net of Sale proceeds)	(261.48)	(2,258.17)
-	-	(Increase) / Decrease of Capital Work-in-Progress	-	-
-	(5,127.57)	(Increase)/Decrease in Investments	-	-
(68.33)	(4,199.73)	(Increase)/Decrease in Other Non-Current Assets	(68.33)	(4,200.43)
80.89	(177.09)	Intangible assets under development	80.89	(177.10)
(63.76)	(83.65)	Interest Received/Other Income	(63.76)	(83.65)
(307.03)	(11846.22)	Net Cash Flow from Investing Activities	(312.67)	(6719.35)
(371.85)	3,196.80	CASH FLOW FROM FINANCING ACTIVITIES
(346.40)	(35.54)	Proceeds from borrowings	(371.85)	3,196.80
-	-	Deposits paid towards LCs & BGs	(346.40)	(35.54)
-	-	Increase/(Decrease) in capital reserve	-	-
-	391.31	Increase/(Decrease) in share capital	-	391.30
-	-	Non-controlling interest	54.67	-
-	-	Increase/(Decrease) in other equity	-	-
-	8,608.70	Increase/(Decrease) in share premium/ Statutory Reserve	13.27	8,608.70
(718.25)	12161.27	Net Cash Flow from financing activities	(650.31)	12161.26
(643.16)	560.86	Net Increase in Cash and Cash equivalents	(635.72)	575.40
650.06	89.20	Cash and Cash equivalents as at the beginning of the year	664.60	89.20
6.90	650.06	Cash and Cash equivalents as at the end of the year	28.88	664.60

YALAMA NCHILI KAUSHIK

Digitally signed by YALAMANCHILI KAUSHIK

Date:2026.04.25 16:58:51 +05'30'

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF THE STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF MIC ELECTRONICS LIMITED

Opinion

We have audited the accompanying Statement of Standalone Financial Results of MIC ELECTRONICS LIMITED (the “Company”), for the quarter and year ended March 31, 2026 (the “Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

a. is presented in accordance with the requirements of Regulation 33 and 52 of the Listing Regulations;

and

b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (“Ind AS”) and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the quarter and year then ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the quarter and year ended March 31, 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Management’s Responsibilities for the Standalone Financial Results

This Statement, which includes the Standalone financial results is the responsibility of the Company’s Board of Directors, and has been approved by them for the issuance. The Statement has been compiled from the related audited Interim condensed standalone financial statements for the three months and year ended March 31, 2026. This responsibility

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033.

E-mail : contact@bhavaniandco.in

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

includes preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors is responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033. E-mail : contact@bhavaniandco.in

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement

or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results.

Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033. E-mail : contact@bhavaniandco.in

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BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

For BHAVANI & CO
Chartered Accountants
(Firm's Registration No. 012139S)

S KAVITHA PADMINI

CA . S. KAVITHA PADMINI
Partner
(Membership No.229966)
UDIN: 26229966BNIMOB6752

Place: Hyderabad
Date: April 25, 2026

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033.

E-mail : contact@bhavaniandco.in

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF MIC ELECTRONICS LIMITED

Opinion

We have audited the accompanying Statement of Consolidated Financial Results of MIC ELECTRONICS LIMITED (the "Company") and its subsidiaries (the Company and its subsidiaries together referred to as the "Group"), for the quarter and year ended March 31, 2026 (the "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

(i) includes the results of the subsidiaries as given in the Annexure to this report;

(ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations;

and

(iii) gives a true and fair view in conformity with the recognition and measurement laid down in the Indian Accounting Standards ("Ind AS") and other accounting principles generally accepted in India of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the quarter and year ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the "ICAI") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Management's Responsibilities for the Consolidated Financial Results

This Statement which includes Consolidated financial results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the audited interim condensed consolidated financial

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033.

E-mail : contact@bhavaniandco.in

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

statements for the three month and year ended March 31, 2026. This responsibility includes preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Company, as aforesaid.

In preparing the Consolidated Financial Results, the respective Boards of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intend to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so.

The respective Boards of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole, are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033. E-mail : contact@bhavaniandco.in

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

• Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 and 52 of the Listing Regulations.

• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

• Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations to the extent applicable.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the independent auditors.

Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033. E-mail : contact@bhavaniandco.in

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CA

BHAVANI & CO., CHARTERED ACCOUNTANTS

Tel : 040-2970 2640

quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results.

We communicate with those charged with governance of the Company and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

For BHAVANI & CO
Chartered Accountants
(Firm's Registration No. 012139S)

S KAVITHA PADMINI

CA.S.KAVITHA PADMINI
Partner
(Membership No.229966)
UDIN: 26229966KTYTAW3862

Place: Hyderabad
Date: April 25, 2026

Plot No.48, Flat No.201, 2nd Floor, Micasa, Phase - I, Kavuri Hills, Hyderabad - 500 033.
E-mail : contact@bhavaniandco.in