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.