MIC Electronics Ltd Share Price – NSE  / BSE

Consumer Durables, Small Cap

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.

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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.

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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.

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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.

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