MIC Electronics Limited has announced a crucial board meeting scheduled for November 5, 2025. The primary agenda of this meeting is to consider and potentially approve a proposal for raising funds through various modes.

Fund Raising Options Under Consideration

The board will deliberate on multiple fund-raising methods, including:

1. Qualified Institutions Placement (QIP)
2. Foreign Currency Convertible Bonds (FCCBs)
3. Other permissible modes

The company has indicated that the fund-raising may be conducted in one or more tranches, targeting eligible investors. However, any decision made will be subject to necessary approvals from shareholders and regulatory authorities.

Additional Agenda Items

Apart from the fund-raising proposal, the board meeting will also address the following:

1. Seeking necessary shareholder approvals for the proposed fund-raising
2. Appointment of key intermediaries for the fund-raising process, including:
   • Merchant bankers
   • Legal advisors
   • Other required agencies

Regulatory Compliance

This announcement comes in compliance with Regulation 29(1)(d) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Board Meeting

MIC Electronics Limited has recently secured two significant railway infrastructure projects totaling Rs 1.16 crore. These projects, awarded through direct tender participation, aim to enhance passenger amenities and improve signaling and telecommunication systems at various railway stations. Additionally, the company has entered into a partnership agreement with ChipEx Technologies for custom semiconductor development.

Railway Project Details

The company has received two Letter of Variations (LOA) for the following projects:

Project Highlights

South East Central Railway Project

• Covers four stations: Nainpur (NIR), Chhindwara (CWA), Seoni (SEY), and Mandlafort (MFR)
• Part of the Amrit Bharat Station Scheme
• Focuses on signalling and telecom works

Northern Railway Project

• Encompasses 16 stations in the Delhi division
• Aims to improve passenger amenities, especially for Divyangjan (persons with disabilities)
• Includes expansion of information systems and utility shifting

Company Disclosure

MIC Electronics has confirmed that:

• The orders were received on October 25 and 26, 2025
• Neither the promoter groups nor any group companies have any interest in the awarding entities
• The orders do not constitute related party transactions

Partnership with ChipEx Technologies

In a separate development, MIC Electronics has entered into an agreement with ChipEx Technologies to jointly develop custom semiconductor solutions. This partnership aims to enhance product uniqueness and ensure long-term supply stability for MIC Electronics.

These developments align with the government's ongoing efforts to modernize and enhance railway infrastructure across India, while also positioning MIC Electronics for potential growth in the semiconductor sector. For MIC Electronics, these projects and partnerships represent opportunities to contribute to the nation's railway development and technological advancement, potentially strengthening its position in both the infrastructure and electronics sectors.

Investors and stakeholders may view these orders and the new partnership as positive signs for the company's order book and near-term revenue prospects. However, it's important to note that the execution timeline for the railway projects has not been specified in the company's disclosure, and the outcomes of the semiconductor partnership may take time to materialize.