MIC Electronics has announced an Extraordinary General Meeting (EGM) on April 29, 2026, aiming to approve the acquisition of a significant majority stake (89.65%) in Neo Semi SG. The deal, worth approximately ₹357.6 crore, will be executed through both shares and cash transactions.

MIC Electronics secures a new project from the Sambalpur Division under the East Coast Railway Zone, tasked with providing Centralized Interlocking Block (CIB) systems at various platforms. The company aims to complete the project within six months.

MIC Electronics saw a 5% jump in its shares following a ₹2.12 crore order from Indian Railways. Despite a steep 48% decline over the past six months, the company has managed to deliver impressive 4740% growth over the last five years, providing significant wealth boost for investors.

MIC Electronics Limited has won a new contract worth approximately INR 21.3 million, signaling continued growth for the company in the electronics sector.

MIC Electronics has agreed to acquire an 89.65% stake in Neo Semi for approximately INR 357.6 crore, through a preferential issue of 5.68 crore shares at INR 41.38 per share. The Extraordinary General Meeting (EGM) is scheduled for April 29, 2026.