Dixon Technologies (India) Ltd Share Price – NSE /  BSE

Consumer Durables, Mid Cap

Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 20 May 2025.

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The joint venture company (JVC) will be engaged in the business of manufacturing of notebook pc products, desktop pc products including components and servers in India.

Dixon Technologies will hold 60% and Inventec Corporation will hold 40% of the total issued and paid up share capital of the JVC on a fully diluted basis.

The arrangement is in line with the strategy of company to grow in this business segment and to achieve strategic goals and expansion of business,? Dixon Tech said in a statement.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company?s consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.

The scrip fell 1.62% to currently trade at Rs 16344 on the BSE.

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Dixon and Signify announced the execution of a binding term sheet on 27 March 2025 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of lighting products and accessories. Each of Dixon and Signify will hold 50% stake in the joint venture entity to be incorporated for this purpose. Neither Dixon nor Signify will have any stake in each other.

Parties will agree to the detailed provisions in relation to setting up the JV entity, its governance, valuation of transaction and other terms and conditions in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals, if applicable.

The joint venture will undertake part of Signify's OEM orders of lighting products in India, and will also engage in OEM business of various lighting products of other brands.

Dixon will acquire 50% stake in the JV Company for consideration other than cash by transfer of its lighting business to the JV Company, including its entire shareholding in DTSPL to the JV Company.

Signify will acquire 50% stake in the JV Company for cash consideration which will be used to acquire Signify's LED manufacturing business.

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The joint venture company (JVC) will be engaged in the business of manufacturing of notebook pc products, desktop pc products including components and servers in India.

Dixon Technologies will hold 60% and Inventec Corporation will hold 40% of the total issued and paid up share capital of the JVC on a fully diluted basis.

The arrangement is in line with the strategy of company to grow in this business segment and to achieve strategic goals and expansion of business,? Dixon Tech said in a statement.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company?s consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.

The scrip fell 1.62% to currently trade at Rs 16344 on the BSE.

Powered by Capital Market - Live News

Dixon and Signify announced the execution of a binding term sheet on 27 March 2025 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of lighting products and accessories. Each of Dixon and Signify will hold 50% stake in the joint venture entity to be incorporated for this purpose. Neither Dixon nor Signify will have any stake in each other.

Parties will agree to the detailed provisions in relation to setting up the JV entity, its governance, valuation of transaction and other terms and conditions in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals, if applicable.

The joint venture will undertake part of Signify's OEM orders of lighting products in India, and will also engage in OEM business of various lighting products of other brands.

Dixon will acquire 50% stake in the JV Company for consideration other than cash by transfer of its lighting business to the JV Company, including its entire shareholding in DTSPL to the JV Company.

Signify will acquire 50% stake in the JV Company for cash consideration which will be used to acquire Signify's LED manufacturing business.

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According to an exchange filing, Dixon and Signify disclosed that the JV will operate as an original equipment manufacturer (OEM) for lighting products and accessories in India. Both companies will hold an equal 50% stake in the venture, which is yet to be incorporated. Neither company will have an ownership stake in the other.

The parties will agree on the detailed provisions for setting up the JV entity, its governance, transaction valuation, and other terms and conditions in the definitive agreements. The transaction will be subject to the execution of these agreements, completion of customary conditions precedent, and receipt of applicable regulatory approvals, if required.

The JV company is yet to be incorporated, and as such, details regarding its name, size, and turnover are not yet available for disclosure.

Both parties has clarified that neither Dixon nor Signify will hold any stake in each other?s businesses, and the transaction will be carried out on an arm?s-length basis. Additionally, the promoter group of Dixon and its affiliates will have no interest in the JV company.

The modalities for the acquisition by the JV company, as well as the detailed terms of investment and valuation, will be mutually agreed upon by both parties in the definitive agreements, in compliance with applicable laws.

The JV Company will undertake business as an original equipment manufacturer (OEM) of lighting products and accessories. This association will bolster Dixon?s manufacturing excellence and superior execution abilities and Signify?s leadership in the lighting industry. This partnership will further strengthen Dixon?s foothold in the lighting business ecosystem in India in line with Dixon?s strategic goals.

As part of the arrangement, Dixon will transfer its lighting business, including its entire shareholding in Dixon Technologies Solutions (DTSPL), a wholly owned subsidiary of Dixon, to the JV. Signify, on the other hand, will provide cash consideration to acquire its LED manufacturing business, thereby securing a 50% stake in the JV.

The JV will require necessary regulatory approvals and other customary filings before completion. Further details regarding the size, turnover, and name of the JV will be disclosed once the company is incorporated.

The terms of investment and valuation shall be mutually agreed between the parties in the definitive agreements, in compliance with applicable laws.

Atul B. Lall, vice chairman and managing director of Dixon, added, It gives us immense pleasure to partner with Signify India, the leader in the lighting segment. We see them as an ideal strategic partner that shares our core values of quality, innovation, manufacturing prowess, and customer centricity. We believe this proposed association will bolster our operational efficiency, backed by Signify?s process orientation and strong understanding of lighting technologies.?

Sumit Joshi, MD and CEO, Signify Innovations India, said, ?Aligned to the government?s Make in India vision, this proposed joint venture with Dixon Technologies will create a world-class manufacturing company that combines the technology leadership, pricing, and offerings to the customers. With Signify?s unparalleled understanding of lighting technologies and Dixon?s manufacturing excellence, this joint venture will manufacture high-quality, competitive lighting products in India.?

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company?s consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.

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Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 20 May 2025.

Powered by Capital Market - Live News

The joint venture company (JVC) will be engaged in the business of manufacturing of notebook pc products, desktop pc products including components and servers in India.

Dixon Technologies will hold 60% and Inventec Corporation will hold 40% of the total issued and paid up share capital of the JVC on a fully diluted basis.

The arrangement is in line with the strategy of company to grow in this business segment and to achieve strategic goals and expansion of business,? Dixon Tech said in a statement.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company?s consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.

The scrip fell 1.62% to currently trade at Rs 16344 on the BSE.

Powered by Capital Market - Live News

Dixon and Signify announced the execution of a binding term sheet on 27 March 2025 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of lighting products and accessories. Each of Dixon and Signify will hold 50% stake in the joint venture entity to be incorporated for this purpose. Neither Dixon nor Signify will have any stake in each other.

Parties will agree to the detailed provisions in relation to setting up the JV entity, its governance, valuation of transaction and other terms and conditions in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals, if applicable.

The joint venture will undertake part of Signify's OEM orders of lighting products in India, and will also engage in OEM business of various lighting products of other brands.

Dixon will acquire 50% stake in the JV Company for consideration other than cash by transfer of its lighting business to the JV Company, including its entire shareholding in DTSPL to the JV Company.

Signify will acquire 50% stake in the JV Company for cash consideration which will be used to acquire Signify's LED manufacturing business.

Powered by Capital Market - Live News

The joint venture company (JVC) will be engaged in the business of manufacturing of notebook pc products, desktop pc products including components and servers in India.

Dixon Technologies will hold 60% and Inventec Corporation will hold 40% of the total issued and paid up share capital of the JVC on a fully diluted basis.

The arrangement is in line with the strategy of company to grow in this business segment and to achieve strategic goals and expansion of business,? Dixon Tech said in a statement.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company?s consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.

The scrip fell 1.62% to currently trade at Rs 16344 on the BSE.

Powered by Capital Market - Live News

Dixon and Signify announced the execution of a binding term sheet on 27 March 2025 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of lighting products and accessories. Each of Dixon and Signify will hold 50% stake in the joint venture entity to be incorporated for this purpose. Neither Dixon nor Signify will have any stake in each other.

Parties will agree to the detailed provisions in relation to setting up the JV entity, its governance, valuation of transaction and other terms and conditions in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals, if applicable.

The joint venture will undertake part of Signify's OEM orders of lighting products in India, and will also engage in OEM business of various lighting products of other brands.

Dixon will acquire 50% stake in the JV Company for consideration other than cash by transfer of its lighting business to the JV Company, including its entire shareholding in DTSPL to the JV Company.

Signify will acquire 50% stake in the JV Company for cash consideration which will be used to acquire Signify's LED manufacturing business.

Powered by Capital Market - Live News

According to an exchange filing, Dixon and Signify disclosed that the JV will operate as an original equipment manufacturer (OEM) for lighting products and accessories in India. Both companies will hold an equal 50% stake in the venture, which is yet to be incorporated. Neither company will have an ownership stake in the other.

The parties will agree on the detailed provisions for setting up the JV entity, its governance, transaction valuation, and other terms and conditions in the definitive agreements. The transaction will be subject to the execution of these agreements, completion of customary conditions precedent, and receipt of applicable regulatory approvals, if required.

The JV company is yet to be incorporated, and as such, details regarding its name, size, and turnover are not yet available for disclosure.

Both parties has clarified that neither Dixon nor Signify will hold any stake in each other?s businesses, and the transaction will be carried out on an arm?s-length basis. Additionally, the promoter group of Dixon and its affiliates will have no interest in the JV company.

The modalities for the acquisition by the JV company, as well as the detailed terms of investment and valuation, will be mutually agreed upon by both parties in the definitive agreements, in compliance with applicable laws.

The JV Company will undertake business as an original equipment manufacturer (OEM) of lighting products and accessories. This association will bolster Dixon?s manufacturing excellence and superior execution abilities and Signify?s leadership in the lighting industry. This partnership will further strengthen Dixon?s foothold in the lighting business ecosystem in India in line with Dixon?s strategic goals.

As part of the arrangement, Dixon will transfer its lighting business, including its entire shareholding in Dixon Technologies Solutions (DTSPL), a wholly owned subsidiary of Dixon, to the JV. Signify, on the other hand, will provide cash consideration to acquire its LED manufacturing business, thereby securing a 50% stake in the JV.

The JV will require necessary regulatory approvals and other customary filings before completion. Further details regarding the size, turnover, and name of the JV will be disclosed once the company is incorporated.

The terms of investment and valuation shall be mutually agreed between the parties in the definitive agreements, in compliance with applicable laws.

Atul B. Lall, vice chairman and managing director of Dixon, added, It gives us immense pleasure to partner with Signify India, the leader in the lighting segment. We see them as an ideal strategic partner that shares our core values of quality, innovation, manufacturing prowess, and customer centricity. We believe this proposed association will bolster our operational efficiency, backed by Signify?s process orientation and strong understanding of lighting technologies.?

Sumit Joshi, MD and CEO, Signify Innovations India, said, ?Aligned to the government?s Make in India vision, this proposed joint venture with Dixon Technologies will create a world-class manufacturing company that combines the technology leadership, pricing, and offerings to the customers. With Signify?s unparalleled understanding of lighting technologies and Dixon?s manufacturing excellence, this joint venture will manufacture high-quality, competitive lighting products in India.?

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company?s consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25.

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