MIC Electronics Ltd

MIC Electronics has entered into Memorandum of Understanding with Refit Global to explore a potential strategic transaction, which may include investment (equity/debt/hybrid), acquisition of shares/assets/business, share swap, preferential issue, or other mutually agreed arrangements. The collaboration brings together MIC Electronics' decades of large-scale manufacturing excellence, global technology delivery capabilities, deep institutional relationships, and financial strength with Refit Global' advanced refurbishment platforms, certified supply chains, and strong B2C market penetration. The result is a next-generation circular electronics platform positioned to drive sustainable growth, accelerate digital inclusion, and unlock unprecedented value across the refurbished electronics value chain. Powered by Capital Market - Live

The order, awarded domestically through a tender, is scheduled for execution within six months. The company stated that neither promoters nor promoter group companies have any interest in the awarding entity, and the transaction does not qualify as a related party deal. Terms and conditions will be finalized at the time of agreement execution. MIC Electronics specializes in the design, development, and manufacturing of LED video displays as well as high-end electronics and telecommunications products. The company's consolidated net profit rose 1.9% to Rs 2.17 crore in Q2 FY26, compared with Rs 2.13 crore in Q2 FY25. Revenue from operations jumped 38% YoY to Rs 37.89 crore in Q2 FY26. Powered by Capital Market - Live

MIC Electronics has received a Letter of Acceptance from Howrah Division, Eastern Railway Zone of Indian Railways, for provision of CIB, TIB (Coach and Train Indication Boards) at PRGR, SKIP, BZLE, SALE, MGAE, SDI, MRR, and RJG stations over Howrah division for an amount of Rs. 44,501,602.40/-.Powered by Capital Market - Live

MIC Electronics has received a Letter of Acceptance from Firozpur Division, Northern Railway Zone of Indian Railways, for provision of coach guidance and PA system at SVDK and SINA stations over Jammu Division for an amount of Rs.1.45 crore. Powered by Capital Market - Live

Net profit of MIC Electronics declined 13.36% to Rs 1.88 crore in the quarter ended December 2025 as against Rs 2.17 crore during the previous quarter ended December 2024. Sales rose 667.91% to Rs 90.23 crore in the quarter ended December 2025 as against Rs 11.75 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales90.2311.75 668 OPM %4.4029.28 - PBDT2.822.56 10 PBT1.882.17 -13 NP1.882.17 -13 Powered by Capital Market - Live

MIC Electronics has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur (Govt. of Chhattisgarh) for Designing, Engineering, Supply, Construction, Testing, Commissioning, AMC and Operation & Maintenance of Infrastructure works at common facility centre in sector 22 Nava Raipur Atal Nagar, Raipur for an amount of Rs. 114.10 crore. Powered by Capital Market - Live

MIC Electronics will hold a meeting of the Board of Directors of the Company on 31 January 2026.Powered by Capital Market - Live

MIC Electronics announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 1 December 2025.Powered by Capital Market - Live

The board of MIC Electronics at its meeting held on 05 November 2025 has approved raising of funds by way of issuance of securities for cash through qualified institutions placements ('QIPs') or through any other permissible mode and/or combination thereof, for an aggregate amount not exceeding Rs 250 crore. The board also approved raising of funds by way of issuance of Foreign Currency Convertible Bonds (FCCBs) in one or more tranches, provided that the aggregate amount to be raised by issuance of FCCBs shall not exceed USD 15 Million. Powered by Capital Market - Live

MIC Electronics will hold a meeting of the Board of Directors of the Company on 5 November 2025.Powered by Capital Market - Live