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

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%.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.01%	-2.95%	-4.65%	-4.82%	-27.61%	+185.86%

MIC Electronics Limited has announced the initiation of development of IPIS v2.0 for Indian Railways, as disclosed to stock exchanges on May 08, 2026, under Regulation 30. The company stated that the project is progressing as per plan, marking a significant step in its engineering and product development initiatives.

Development Progress and Architecture

According to the regulatory filing, the product architecture for IPIS v2.0 has been successfully established. Dedicated teams are working in parallel across multiple development streams to ensure coordinated and steady progress toward product realization.

The key development areas currently underway are outlined below:

Development Area:	Status
Product Architecture:	Successfully established
Hardware Development:	In progress
Firmware Development:	In progress
Network Management System (NMS) Application Software:	In progress
Overall Project Status:	On track

Engineering Approach and Roadmap

MIC Electronics highlighted that its focused engineering approach and coordinated team efforts are enabling steady development. The company noted a clear roadmap toward the successful deployment of the IPIS v2.0 solution for Indian Railways. The program has achieved meaningful progress across all major development areas, with the project currently on track toward product realization and delivery.

Regulatory Disclosure

The update was communicated to both BSE Limited and the National Stock Exchange of India Limited in compliance with applicable disclosure requirements. The company has committed to keeping the stock exchanges informed of further material developments as the project advances.