MIC Electronics has informed that, Company 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 eXorts are enabling steady development with a clear roadmap toward successful deployment of the solution. The Company will keep the Stock Exchanges informed of further material developments in this regard, in compliance with applicable disclosure requirements.
The above information is a part of company’s filings submitted to BSE.
