MIC Electronics secures completion certificates for railway projects

1 min read     Updated on 13 Jul 2026, 12:44 PM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

MIC Electronics Ltd received completion certificates for railway projects in the Rajkot and Jabalpur divisions. The Rajkot Division work involved Coach Indicator Boards at SUNR, BKNG, HAPA, and OKHA stations. In the Jabalpur Division, the company installed Coach Guidance Boards, Display Boards, and GPS clocks at Kareli station and implemented a Parcel Management System at 10 stations.

powered bylight_fuzz_icon
45472437

*this image is generated using AI for illustrative purposes only.

MIC Electronics Limited has secured Letters of Completion and Installation Certificates for railway infrastructure projects executed in the Rajkot and Jabalpur divisions. The company confirmed the receipt of these certificates in a regulatory filing dated July 13, 2026, marking the finalization of works involving passenger information systems and parcel management upgrades.

Project Details in Rajkot Division

In the Rajkot Division, the company completed the Provision of Coach Indicator Boards across six platforms at specific stations. The installations were carried out at SUNR (PF-1, 3), BKNG (PF-1), HAPA (PF-1), and OKHA (PF-1, 3) stations.

Upgrades in Jabalpur Division

The scope of work in the Jabalpur Division of West Central Railway included the provision of Coach Guidance Boards, Display Boards, and GPS clocks at Kareli station on PF 1 and PF 02. Furthermore, the company executed the Proliferation of Parcel Management System at 10 stations within the division.

Division Station Work Executed
Rajkot SUNR Coach Indicator Board (PF-1, 3)
Rajkot BKNG Coach Indicator Board (PF-1)
Rajkot HAPA Coach Indicator Board (PF-1)
Rajkot OKHA Coach Indicator Board (PF-1, 3)
Jabalpur Kareli Coach Guidance Boards, Display Boards, GPS clocks (PF 1, PF 02)
Jabalpur 10 stations Proliferation of Parcel Management System

Historical Stock Returns for MIC Electronics

1 Day5 Days1 Month6 Months1 Year5 Years
-1.51%+2.65%-11.79%-1.48%-30.01%+155.49%

How will the completion of these projects impact MIC Electronics' revenue recognition for the current fiscal quarter?

Does the company have a pipeline of similar railway infrastructure contracts to sustain growth after this finalization?

What are the prospects for MIC Electronics securing future modernization contracts in other railway divisions?

RRK Enterprise holds 51.69% stake in MIC Electronics as of March 31, 2026

1 min read     Updated on 06 Jun 2026, 12:30 PM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

RRK Enterprise Private Limited and its promoter group disclosed a 51.69% stake in MIC Electronics Limited as of March 31, 2026. The filing lists RRK Enterprise as the largest shareholder with 45.03%, followed by four members of the Kakarala family. No new encumbrances were reported on the shares during FY26.

powered bylight_fuzz_icon
42274818

*this image is generated using AI for illustrative purposes only.

RRK Enterprise Private Limited and its promoter group collectively hold a 51.69% stake in mic electronics as of March 31, 2026. The disclosure, submitted to the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, outlines the shareholding structure of the promoter and promoter group entities.

The filing identifies five key shareholders within the promoter group. RRK Enterprise Private Limited holds the largest stake with 10,85,26,779 equity shares of ₹2 each, representing 45.03% of the total share capital. Other members of the promoter group include Mr. Siva Lakshmanarao Kakarala, Mrs. Satyavathi Kakarala, Mr. Kalyan Kakarala, and Ms. Bindhu Sree Kakarala.

Kaushik Yalamanchili, Director of RRK Enterprise Private Limited, confirmed in the declaration that no new encumbrances were created on the shares during the financial year ended March 31, 2026, other than those already disclosed. The shares of MIC Electronics Limited are listed on BSE Limited and the National Stock Exchange of India Limited.

Shareholding Details

The following table details the shareholding of the promoter and promoter group as of March 31, 2026:

Shareholder Category Number of Equity Shares (₹2 each) % of Total Share Capital
M/s. RRK Enterprise Private Limited Promoter 10,85,26,779 45.03
Mr. Siva Lakshmanarao Kakarala Promoter 78,29,195 3.24
Mrs. Satyavathi Kakarala Promoter Group 32,07,000 1.33
Mr. Kalyan Kakarala Promoter Group 25,10,000 1.04
Ms. Bindhu Sree Kakarala Promoter Group 25,24,500 1.05
Total 12,45,96,974 51.69

The filing confirms that the promoter group holds no voting rights other than by shares, warrants, convertible securities, or any other instruments entitling them to receive shares. The total diluted share capital percentage remains unchanged at 51.69%.

Historical Stock Returns for MIC Electronics

1 Day5 Days1 Month6 Months1 Year5 Years
-1.51%+2.65%-11.79%-1.48%-30.01%+155.49%

Does the promoter group intend to maintain this 51.69% stake, or are there plans to dilute holdings to raise capital?

What strategic initiatives will RRK Enterprise pursue to utilize its significant controlling stake in MIC Electronics?

Could the current shareholding structure trigger an open offer obligation under SEBI regulations if acquisition thresholds change?

More News on MIC Electronics

Must Read Next

Earnings

Corporate Actions

Stocks

1 Year Returns:-30.01%