MIC Electronics Secures ₹1.5 Crore Railway Contract for Passenger Information Systems

MIC Electronics Limited (MICEL) has secured a significant contract from the Vijayawada Railway Division, marking a step forward in its business operations. The company has been awarded a Letter of Acceptance (LoA) for the provision of IP-based Integrated Passenger Information Systems at ANV and YLM Railway Stations.

Contract Details

Aspect	Details
Contract Value	₹1,49,88,884.77
Scope of Work	Design, supply, installation, testing, and commissioning of IP-based integrated passenger information systems
Location	ANV and YLM Railway Stations under Vijayawada Division
Execution Timeline	12 months from the date of agreement execution

This domestic contract represents a strategic move for MIC Electronics, potentially strengthening its position in the railway infrastructure sector.

Financial Context

While this contract is a positive development for MIC Electronics, it's important to view it in the context of the company's overall financial position. According to the latest available balance sheet data:

Financial Metric	Value (₹ in crore)	Year-on-Year Change
Total Assets	314.00	123.01% increase
Current Assets	173.70	184.29% increase
Total Equity	222.60	82.46% increase

The company has shown significant growth in its asset base and equity over the past year, which could provide a solid foundation for executing this new contract.

Implications

This contract, while relatively modest in size compared to the company's total assets, could be seen as a positive indicator of MIC Electronics' ability to secure government contracts in the railway sector. It aligns with the company's expertise in electronic systems and could potentially lead to more opportunities in the future.

As MIC Electronics moves forward with this project, investors and stakeholders will likely be watching closely to see how efficiently the company can execute the contract and whether it can leverage this opportunity to secure additional contracts in the railway infrastructure space.

For more detailed information about the company's financial performance and future prospects, investors are advised to refer to MIC Electronics' official financial reports and communications.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.64%	+7.74%	-12.51%	-21.31%	-46.47%	+217.85%

MIC Electronics Limited , a company listed on both the BSE and NSE, has witnessed a significant change in its shareholding pattern. RRK Enterprise Private Limited, a promoter of the company, has reduced its stake by selling a substantial number of shares in the open market.

Key Details of the Transaction

Aspect	Details
Seller	RRK Enterprise Private Limited (Promoter)
Shares Sold	70,00,000 equity shares
Percentage Stake Sold	2.90%
Sale Period	September 24, 2025 to November 14, 2025
Sale Method	Open market transactions

Impact on Shareholding

Shareholding	Before Sale	After Sale
RRK Enterprise's Stake	52.17%	49.27%
Total Promoter Holding	Above 50%	Below 50%

This transaction has led to a significant shift in the company's ownership structure. The promoter group's holding has now fallen below the crucial 50% threshold, which could have implications for the company's control and decision-making processes.

Company Share Capital

Despite the change in shareholding, MIC Electronics' share capital remains unchanged:

Total Share Capital: Rs. 48,20,23,120
Number of Equity Shares: 24,10,11,560
Face Value per Share: Rs. 2

Regulatory Compliance

The disclosure of this transaction was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires prompt disclosure of any significant changes in shareholding patterns, especially those involving promoter groups.

This development may be of interest to investors and market analysts, as changes in promoter holdings often impact market perception and potentially the stock's performance. Shareholders and potential investors should keep an eye on any further developments or strategic changes that may follow this reduction in promoter stake.