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MIC Electronics Limited announced that its Board of Directors approved the allotment of 5,68,73,418 equity shares of Rs 2 face value each on a preferential basis to Neo Selling Shareholders for consideration other than cash, towards the acquisition of 59% of the ordinary share capital of Neo Semi SG Pte. Ltd. from Ebisu Global Opportunities Fund Limited, Mauritius, Unico Global Opportunities Fund Limited, Mauritius, and Tavas Advisory & Consulting (FZE), United Arab Emirates.

MIC Electronics announced that the Annual General Meeting(AGM) of the company will be held on 16 September 2026.

Net profit of MIC Electronics rose 27.54% to Rs 2.13 crore in the quarter ended June 2026 as against Rs 1.67 crore during the previous quarter ended June 2025. Sales rose 276.57% to Rs 43.72 crore in the quarter ended June 2026 as against Rs 11.61 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales43.7211.61 277 OPM %9.7735.40 - PBDT3.092.58 20 PBT2.131.67 28 NP2.131.67 28 Powered by Capital Market - Live News

MIC Electronics will hold a meeting of the Board of Directors of the Company on 31 July 2026.

MIC Electronics has initiated the development of IPIS v2.0 for Indian Railways, and the project is progressing as per plan. The product architecture has been successfully established, with dedicated teams working in parallel across hardware, firmware, and Network Management System (NMS) application software development.The program has achieved meaningful progress across all major development areas and is currently on track toward product realization and delivery. The Company`s focused engineering approach and coordinated team efforts are enabling steady development with a clear roadmap toward successful deployment of the solution.