MIC Electronics Limited has secured a significant order from Central Railway Zone, strengthening its position in the railway infrastructure segment. The company announced receipt of a variation order worth ₹1.05 crores on December 22, 2025, through a regulatory filing under SEBI Regulation 30.

Order Details and Scope

The comprehensive order encompasses multiple technical services for railway infrastructure development. The project details are outlined below:

Project Specifications

The order involves critical railway infrastructure components designed to enhance passenger experience and operational efficiency. The scope includes:

• Supply of telecom assets for railway communication systems
• Installation of passenger amenity infrastructure
• Comprehensive testing and commissioning services
• Coverage across seven stations in Nagpur Division

The project falls under the government's Amrit Bharat Scheme, which focuses on modernizing railway infrastructure and improving passenger facilities across the Indian railway network.

Order Classification and Structure

The company provided detailed information about the order characteristics as required under SEBI regulations:

Regulatory Compliance

MIC Electronics Limited filed this disclosure in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no promoter or promoter group companies have any interest in the awarding entity, ensuring arm's length transaction principles.

The order represents a direct award from Central Railway Zone without tender participation, indicating the company's established credentials in railway infrastructure projects. This domestic order adds to the company's growing portfolio in the railway sector, particularly in telecom and passenger amenity solutions.

MIC Electronics Limited held an Extra-ordinary General Meeting (EGM) on December 1, 2025, to consider two special resolutions for ambitious fundraising initiatives. The company proposed raising up to ₹250.00 crores through Qualified Institutions Placement (QIP) and up to $15.00 million through Foreign Currency Convertible Bonds (FCCBs) on private placement basis.

Fundraising Details

The company's fundraising plan comprises two key components:

QIP Offering

MIC Electronics plans to raise up to ₹250.00 crores through a QIP, targeting domestic institutional investors. This move aims to strengthen the company's capital base and support its growth initiatives.

FCCB Issuance

In addition to the QIP, the company is looking to tap into international markets by issuing FCCBs worth up to $15.00 million. These bonds, denominated in foreign currency, will be convertible into equity shares, potentially attracting foreign investors and diversifying the company's funding sources.

Approval Process

Both fundraising initiatives were subject to shareholder approval and other necessary regulatory clearances. The EGM was scheduled for December 1, 2025, at 11:45 AM (IST), where shareholders voted on these proposals.

Management Committee Authorization

Prior to the EGM, the board had authorized its Management Committee to appoint various agencies, intermediaries, and consultants to facilitate the proposed fundraising activities. This step was crucial for ensuring smooth execution of the capital raising process.

Scrutinizer Appointment

Mr. Y Ravi Prasada Reddy, Proprietor of RPR & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer for the EGM, ensuring transparency and compliance with regulatory requirements.

This comprehensive fundraising strategy underscores MIC Electronics' commitment to strengthening its financial position and pursuing growth opportunities.