MIC Electronics Limited has secured a significant railway infrastructure contract worth ₹1,45,75,627.69 from the Northern Railway Zone. The company received a Letter of Acceptance from Firozpur Division, Northern Railway Zone of Indian Railways on February 09, 2026, marking another milestone in its railway sector operations.

Contract Details

The awarded contract involves the provision of Coach Guidance and PA system at SVDK and SINA stations over Jammu Division. The comprehensive project details are outlined below:

Regulatory Compliance

MIC Electronics Limited disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on February 10, 2026. The announcement was made to both BSE Limited (Scrip code: 532850) and National Stock Exchange of India Limited (Scrip Symbol: MICEL) as part of the company's compliance obligations.

Transaction Structure

The contract represents a straightforward business arrangement with Indian Railways, characterized by the following aspects:

• Nature: Direct order obtained through competitive tender process
• Classification: Domestic transaction with no international components
• Related Party Status: No related party transactions involved
• Promoter Interest: No promoter or promoter group companies have any interest in the awarding entity

Implementation Timeline

The project is scheduled for completion within 3 months from the order date. Terms and conditions will be finalized at the time of agreement execution between MIC Electronics Limited and Firozpur Division of Indian Railways. The order was officially received on February 09, 2026 at 01:32 PM.

This contract award reinforces MIC Electronics Limited's position in the railway infrastructure sector and demonstrates the company's capability to secure significant orders from Indian Railways divisions across different zones.

MIC Electronics Limited has announced the receipt of its first order for Public Address and Passenger Information System (PAPIS) from Railway Coach Factory, Kapurthala, New Delhi. The company disclosed this development through a regulatory filing under Regulation 30, marking a significant milestone in its railway sector operations.

Order Details and Background

The order represents the first commercial supply under the GPS Location based Public Address & Passenger Information System category. This follows the company's earlier announcement regarding the approval of CCA (Capacity cum Capability Assessment) for PAPIS systems.

Regulatory Timeline and Approvals

MIC Electronics had previously received approval for its CCA assessment for GPS Location based Public Address & Passenger Information System on December 23, 2024. The current order marks the commencement of commercial supplies following this regulatory approval, demonstrating the company's successful transition from approval to active business operations.

Market Entry and Commercial Significance

This inaugural order establishes MIC Electronics as an active supplier to Railway Coach Factory, Kapurthala, and represents the company's formal entry into the railway communication systems market. The PAPIS technology combines location-based services with traditional public address capabilities, offering enhanced passenger communication solutions for modern railway operations.

Business Development Impact

The order signifies MIC Electronics' expansion into the railway infrastructure segment, adding a new revenue stream to its existing portfolio. With the commencement of commercial supplies in this product category, the company is positioned to pursue additional opportunities within the railway sector and leverage its approved CCA status for future business development.