MIC Electronics Limited has informed the Exchange about General UpdatesPlease find the attached letter of acceptance received from the DDU Division of the East Central Railway Zone.
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MIC Electronics has received a Letter of Acceptance from the DDU Division of the East Central Railway Zone worth Rs. 1.11 crore for Electronic Coach Indication Boards, fare display boards for UTS/PRS counters, and a video wall. Separately, the company has also bagged an additional order worth Rs. 60 lakh from Indian Railways for Emergency Lighting Units (ELU). The combined value of both orders is approximately Rs. 1.71 crore. Both orders are domestic, to be executed within 6 months from the date of the Letter of Acceptance, and are not related party transactions.
These are small-ticket orders relative to a listed entity and are part of the company's regular railway order book. The combined Rs. 1.71 crore inflow provides modest revenue visibility over the next 6 months but is unlikely to materially move the stock price.