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Latest news about MIC Electronics

RRK Enterprise Reduces Stake in MIC Electronics, Promoter Holding Falls Below 50% 4 days ago

RRK Enterprise Private Limited, a promoter of MIC Electronics Limited, has sold 70,00,000 equity shares (2.90% stake) in the open market between September 24, 2025 and November 14, 2025. This sale reduced RRK Enterprise's stake from 52.17% to 49.27%, bringing the total promoter holding below 50%. The company's share capital remains unchanged at Rs. 48,20,23,120 with 24,10,11,560 equity shares of Rs. 2 face value each. The transaction was disclosed in compliance with SEBI regulations.

MIC Electronics Plans ₹250 Crore QIP and $15 Million FCCB Issue Nov 07, 2025

MIC Electronics Unveils Ambitious Fundraising Plan: Up to ₹250 Crore via QIP and $15 Million through FCCBs Nov 05, 2025

MIC Electronics Limited Plans Board Meeting to Discuss Fund Raising Proposal Nov 02, 2025

MIC Electronics Secures Railway Projects and Partners with ChipEx Technologies Oct 27, 2025

More news about MIC Electronics

24Oct 25

MIC Electronics Completes INR 53.8 Cr Investment in Dubai-Based Step-Down Subsidiary

MIC Electronics Limited has acquired a 99% stake in Cellular Galaxy Electronics LLC, Dubai, for INR 53.80 crore through its wholly-owned subsidiary SOA Electronics Trading LLC. Cellular Galaxy Electronics, incorporated in August 2023, operates in the electrical and electronic appliances trading sector with a diverse product portfolio. The acquisition marks MIC Electronics' strategic expansion into the Dubai market, potentially strengthening its position in the Middle East's electronics trading sector.

20Oct 25

MIC Electronics Secures RDSO Approval for Railway AC Controller Prototype

MIC Electronics Limited has received prototype testing approval from the Research Designs and Standards Organization (RDSO) for its microprocessor controller designed for air conditioning systems in railway coaches. The approval, granted on July 31, 2024, is for roof-mounted AC package units in LHB and double-decker coaches. This milestone positions MIC Electronics as a potential key player in India's railway modernization efforts and may lead to increased business opportunities in the railway sector.

15Oct 25

MIC Electronics Reports Q2 FY26 Results: Consolidated Revenue Surges 38% YoY

MIC Electronics Limited announced Q2 FY26 results with consolidated revenue up 38% YoY to Rs 3,788.93 lakhs. Net profit increased 2% to Rs 216.80 lakhs. H1 FY26 saw revenue growth of 29.7% but a 6.3% decline in net profit. LED Products and Electrical & Electronics spare parts trading were primary revenue contributors. Managing Director Kaushik Yalamanchili emphasized focus on operational efficiencies to improve profitability.

15Sept 25

MIC Electronics Secures Railway Orders Worth Rs. 1.76 Crore

MIC Electronics Limited has received two orders from Indian Railways totaling Rs. 1.76 crore. The first order, worth Rs. 1,19,73,573.30, is from Sambalpur Division for shifting Coach Indication Board Systems and Auto Announcement Systems at eight Amrit Bharat stations, to be completed in 6 months. The second order, valued at Rs. 56,47,291.20, is from Integral Coach Factory, Chennai, for supplying LED Emergency Lights, with a 9-month execution timeline. Both orders were secured through direct tender participation and do not involve related party transactions.

10Sept 25

Mic Electronics Partners with Top2 Pte to Explore Taiwanese Semiconductor Manufacturing

MIC Electronics Limited has signed an MOU with Singapore-based Top2 Pte Limited to explore semiconductor manufacturing opportunities in Taiwan. The partnership aims to identify and finalize a Taiwanese semiconductor fabrication partner, targeting a monthly production capacity of 25,000 to 30,000 wafers. This strategic move could potentially expand MIC Electronics' presence in the semiconductor industry, subject to negotiations and regulatory compliance. The company has informed stock exchanges about this development in compliance with SEBI regulations.

25Aug 25

MIC Electronics Secures Railway Contracts Worth Rs 1.73 Crore for Infrastructure Upgrades

MIC Electronics Limited has won three railway projects totaling Rs 1.73 crore. The company received a Letter of Acceptance from South Central Railway for a Rs 53.67 lakh project to provide Coach Guidance Boards and replace Platform Announcement systems. Two additional projects from Northern Railway, worth Rs 43.90 lakh and Rs 75.48 lakh respectively, focus on enhancing passenger amenities and information systems for persons with disabilities at 16 stations in the Delhi division. These projects are part of the Amrit Bharat station scheme and were secured through direct tender participation.

18Aug 25

RRK Enterprise Reduces Stake in MIC Electronics to 54.26% Through Open Market Sales

RRK Enterprise Private Limited, a promoter of MIC Electronics, has reduced its shareholding from 56.45% to 54.26% through open market transactions. The company sold 52,67,239 equity shares between June 26, 2025, and August 13, 2025. MIC Electronics' total equity share capital stands at Rs. 48,20,23,120, divided into 24,10,11,560 equity shares of Rs. 2 each. The transaction was disclosed in compliance with SEBI regulations.

12Aug 25

MIC Electronics Secures BIS Certifications for Display Units and LED Street Lighting

MIC Electronics Limited has obtained Bureau of Indian Standards (BIS) certificates for two key product categories: Visual Display Units and Video Monitors, and LED Luminaires for Road and Street Lighting. The certifications comply with IS 13252(PART 1):2010/ IEC 60950-1:2005 and IS 10322 (PART 5/SEC 3):2012 standards respectively. These BIS certifications validate the quality and safety of MIC Electronics' products, potentially enhancing market opportunities, customer trust, and competitive advantage in the electronics manufacturing sector.

29Jul 25

MIC Electronics Advances Acquisition Plans with Singapore's NEO SEMI

MIC Electronics Limited executed a preliminary Memorandum of Understanding (MOU) with NEO SEMI SG PTE LIMITED (NSPL), a Singapore-based company, on July 28, 2025. This follows their earlier announcement on July 25, 2025, regarding the acquisition proposal. The company's Secretary and Compliance Officer, Lakshmi Sowjanya Alla, confirmed this development in an official communication to the BSE Limited and National Stock Exchange of India Limited on July 29, 2025. The final acquisition is subject to further negotiations, due diligence, and necessary approvals.

25Jul 25

MIC Electronics Eyes Strategic Expansion with Potential Acquisition of Singapore's Neo Semi SG

MIC Electronics' Board of Directors has approved exploring the acquisition of equity shares in Neo Semi SG Pte. Ltd. (NSPL), a Singapore-based firm specializing in semiconductor technology, IoT solutions, and electronics refurbishment. This move aims to diversify MIC Electronics' portfolio into high-tech sectors including semiconductors, green energy, and digital service infrastructure. NSPL's ecosystem includes partnerships with a Silicon Valley chip design company, an energy management firm, and India's largest electronics refurbishment company. The acquisition, if completed, could create synergies and value in domestic and international markets. The transaction is subject to valuation, due diligence, and regulatory approvals.

22Jul 25

MIC Electronics to Explore Acquisition of Singapore-Based Company

MIC Electronics Limited has scheduled a Board of Directors meeting on July 25, 2025, to discuss and potentially approve the acquisition of a Singapore-based company. The board will review preliminary agreements and related documentation for the acquisition. A trading window closure has been implemented for designated persons and their immediate relatives in compliance with insider trading prevention measures. The company made this announcement in accordance with SEBI regulations.

16Jul 25

Mic Electronics Secures Railway Contract and Obtains BIS Certification

MIC Electronics Limited has secured a two-year Annual Maintenance Contract with the Vijayawada Division of South Central Railway Zone for display boards at Vijayawada Railway Station. The company has also obtained BIS certification for its Automatic Data Processing Machine, adhering to IS 13252(PART 1) : 2010/ IEC 60950-1 : 2005 standards.

04Jul 25

Mic Electronics Q1 Results: Revenue Rises, Profit Dips

MIC Electronics, an electronics industry player, released its Q1 financial results. Revenue increased by 8.41% year-over-year to ₹116.00 crore from ₹107.00 crore. However, profit declined by 13.27% to ₹17.00 crore from ₹19.60 crore in the same quarter last year. The divergence between revenue growth and profit decline suggests the company may have faced increased costs or expenses during the quarter.

22May 25

MIC Electronics Reports Strong Revenue Growth in Q4, EBITDA Margin Declines

MIC Electronics' Q4 results show significant growth with revenue up 95% to ₹448.00 crore. EBITDA increased by 55.6% to ₹84.00 crore, though EBITDA margin declined to 18.75%. Net profit before tax grew 23.6% to ₹68.00 crore. The company demonstrates strong top-line growth but faces challenges in maintaining operational efficiency.

28Apr 25

MIC Electronics Secures ISO Certification for EV Chargers and Advanced Controllers

MIC Electronics Limited has obtained ISO 45001:2018 and ISO 14001:2015 certifications from the United Registrar of Systems. These certifications cover design, development, manufacturing, supply, and servicing of various products including EV chargers, LED systems, and smart meters. The achievement demonstrates the company's commitment to occupational health, safety, and environmental management standards across its operations.