MIC Electronics Limited has announced entering into a Memorandum of Understanding (MOU) with Refit Global Private Limited on February 13, 2026. The company disclosed this development to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Partnership Overview

The MOU establishes a framework for exploring potential strategic transactions between the two companies. These may include various forms of investment such as equity, debt, or hybrid instruments, acquisition of shares, assets, or business operations, share swap arrangements, preferential issues, or other mutually agreed strategic arrangements.

Collaboration Benefits and Synergies

The strategic partnership aims to leverage the complementary strengths of both organizations. MIC Electronics brings decades of large-scale manufacturing excellence, global technology delivery capabilities, deep institutional relationships, and financial strength to the collaboration. Refit Global contributes advanced refurbishment platforms, certified supply chains, and strong business-to-consumer market penetration.

The combined capabilities are expected to create a next-generation circular electronics platform positioned to:

• Drive sustainable growth in the refurbished electronics sector
• Accelerate digital inclusion initiatives
• Unlock value across the refurbished electronics value chain

Regulatory and Compliance Details

The company has confirmed that Refit Global Private Limited is not related to MIC Electronics' promoter, promoter group, or group companies. The transaction does not fall within the scope of related party transactions, ensuring arm's length dealings between the parties.

Next Steps and Approvals

The proposed strategic transaction remains subject to comprehensive due diligence processes, internal approvals from both companies, and necessary regulatory clearances. The MOU provides a structured framework for both parties to evaluate potential collaboration opportunities while ensuring compliance with applicable regulations.

Lakshmi Sowjanya Alla, Company Secretary and Compliance Officer of MIC Electronics Limited, signed the disclosure document, confirming the company's commitment to transparent communication with stakeholders and regulatory compliance.

MIC Electronics Limited has announced securing a significant railway infrastructure contract worth ₹4,45,01,602.40 from the Howrah Division, Eastern Railway Zone of Indian Railways. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Order Details and Scope

The contract involves the provision of Coach Indication Boards (CIB) and Train Indication Boards (TIB) across eight strategic railway stations. The project will cover PRGR, SKIP, BZLE, SALE, MGAE, SDI, MRR, and RJG stations within the Howrah division network.

Contract Specifications

MIC Electronics secured this domestic order through a competitive tender process. The company will be responsible for delivering and installing both Coach Indication Boards and Train Indication Boards at the designated railway stations across the Howrah division.

The project represents a direct order arrangement with the Indian Railways, with terms and conditions to be finalized during the agreement execution phase. The six-month execution timeline indicates an expedited delivery schedule for the railway infrastructure enhancement project.

Regulatory Compliance

The company has confirmed that this order does not constitute a related party transaction and has been awarded at arm's length. Additionally, none of the promoter, promoter group, or group companies have any interest in the awarding entity, ensuring complete transparency in the contract allocation.

This railway infrastructure order strengthens MIC Electronics' position in the transportation sector and demonstrates the company's capability to secure significant government contracts through competitive bidding processes.