MIC Electronics Limited has announced significant contract wins from two Indian Railways divisions, with combined orders valued at Rs. 2.21 crores. The company disclosed these developments under Regulation 30 of the SEBI (LODR) Regulations, 2015, highlighting its continued expansion in the railway infrastructure sector.

Central Railway Contract Details

The company received a Letter of Acceptance from the Signal and Telecommunication (S&T) department of Nagpur Division, Central Railway (CR) Zone for a comprehensive telecom infrastructure project. This contract involves supply, installation, testing and commissioning of telecom assets and passenger amenities Integrated Passenger Information System (IPIS) at Wardha station.

Southern Railway Project Award

MIC Electronics also secured a variation order from Salem Division, Southern Railway (SR) Zone under the prestigious Amrit Bharat Scheme. This project encompasses passenger information systems across multiple railway stations with an extended maintenance component.

Contract Characteristics and Compliance

Both contracts represent domestic orders awarded through competitive tender processes. The company confirmed that neither contract involves related party transactions, and no promoter or promoter group companies have any interest in the awarding entities. The terms and conditions for both projects will be finalized during the execution of respective agreements.

The disclosure demonstrates MIC Electronics' strong positioning in the railway telecommunications and passenger information systems segment, with projects spanning across different railway zones and incorporating both immediate infrastructure deployment and long-term maintenance services.

MIC Electronics Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for April 29, 2026, to seek shareholder approval for a strategic acquisition that will significantly expand its presence in the semiconductor sector. The company has submitted newspaper publications of the EGM notice to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Major Acquisition Details

The company proposes to acquire 71,72,090 equity shares of USD 1 each, constituting 89.65% fully paid-up equity shares of Neo Semi SG Pte. Ltd, Singapore, from its selling shareholders. The transaction is structured with a total consideration of ₹357,60,04,074.

The acquisition price has been set at ₹498.60 per share, based on independent valuation reports dated March 30, 2026, from registered valuers.

Share Swap Arrangement

As part of the non-cash consideration, MIC Electronics will issue up to 5,68,73,418 equity shares through preferential allotment at ₹41.38 per share, including a premium of ₹39.38 per share. The share swap ratio has been determined at 12.0493, meaning for every 1 Neo Semi share acquired, MIC will issue 12.0493 subscription shares.

About Neo Semi SG Pte. Ltd

Neo Semi SG Pte. Ltd, incorporated on November 01, 2010, operates as a deep-tech platform company focused on semiconductor IP, AI-driven energy logistics, IoT-based smart grid solutions, and circular electronics. The company has operational presence across Singapore, UAE, and India.

Strategic Rationale

The acquisition aligns with MIC Electronics' strategy to build a vertically integrated platform in semiconductor and green technology sectors. Key benefits include:

• Access to global semiconductor markets and advanced technology solutions
• Expansion into high-growth sectors including AI-driven solutions and IoT applications
• Strategic presence in favorable business environments across Singapore, UAE, and India
• Alignment with India's "Make in India" semiconductor mission
• Enhanced capabilities in Electronic Manufacturing Systems (EMS) domain

EGM Schedule and Voting Process

The EGM will be held on April 29, 2026, at 11:45 AM at the company's registered office in Hyderabad. The meeting will address three key resolutions including the acquisition approval, preferential share allotment, and a change in director designation.

Shareholders can participate through remote e-voting facility provided by Central Depository Services Limited, with EVSN 260331001. The company has published the EGM notice in Business Standard (English) and Telugu Prabha (Telugu) newspapers as required under regulatory provisions.

Regulatory Approvals

The transaction is subject to various regulatory approvals including Reserve Bank of India, Competition Commission of India, Singapore Accounting and Corporate Regulatory Authority, and stock exchange approvals. The company expects completion within twelve months, subject to receiving all necessary approvals.

The Board of Directors has recommended all resolutions for shareholder approval, emphasizing the strategic importance of this acquisition in strengthening MIC Electronics' position in emerging technology sectors and supporting its global expansion objectives.