MIC Electronics Completes INR 53.8 Cr Investment in Dubai Subsidiary
Filing Summary
MIC Electronics Limited announced the completion of an investment of INR 53.8 crore by its wholly owned subsidiary SOA Electronics Trading LLC, Dubai, into its step-down subsidiary Cellular Galaxy Electronics LLC, Dubai. The investment represents 99% ownership of Cellular Galaxy’s paid-up capital of AED 22.49 million, completed on October 23, 2025, with approvals from Dubai authorities. Cellular Galaxy Electronics, incorporated in August 2023, trades in electrical and electronic equipment and reported a turnover of AED 37.34 million in 2024.
MIC Electronics Limited has announced the completion of the investment process in its step-down subsidiary, Cellular Galaxy Electronics LLC, Dubai. The company confirmed that its wholly owned subsidiary, SOA Electronics Trading LLC, Dubai, has made an investment equivalent to INR 53.8 crore in Cellular Galaxy Electronics LLC.
The Management Committee of the Board noted that the competent regulatory authority in Dubai has issued all necessary approvals and documentation confirming the completion of the investment. The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circulars issued on September 9, 2015, and November 11, 2024.
As per the details submitted, SOA Electronics Trading LLC has acquired 99% of the paid-up share capital of Cellular Galaxy Electronics LLC, which has a total share capital of AED 22,493,000. The investment was made entirely in cash. The acquisition was completed on October 23, 2025, following receipt of required regulatory permissions from authorities in Dubai.
The transaction falls under related party classification since Cellular Galaxy Electronics LLC is a step-down subsidiary of MIC Electronics Limited. The subscription of shares has been carried out at an arm’s length price.
About Cellular Galaxy Electronics LLC, Dubai
Cellular Galaxy Electronics LLC was incorporated on August 17, 2023, and operates in the trading of electrical and electronic products. Its business portfolio includes antennas, mobile phones, computer accessories, electrical and electronic spare parts, photographic and video equipment, gaming consoles, and related components. The entity reported a turnover of AED 37.34 million for the financial year ended December 31, 2024.
About SOA Electronics Trading LLC, Dubai
SOA Electronics Trading LLC is a wholly owned subsidiary of MIC Electronics Limited, incorporated in Dubai. The company manages overseas investments and trade operations related to electrical and electronic equipment. The recent investment in Cellular Galaxy Electronics LLC strengthens its downstream business presence in the electronics and communication accessories segment within the Middle East region.
About MIC Electronics Limited
MIC Electronics Limited is an Indian technology and electronics solutions company based in Hyderabad, Telangana. The company is engaged in the design, development, manufacturing, and supply of electronic components and LED display systems. Its product range includes LED video walls, digital signage, and display boards. Through its subsidiaries, the company manages international trading operations and electronic component sourcing. MIC Electronics continues to expand its global footprint through its subsidiaries and step-down entities.