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Dixon Technologies (India) Limited Capital/Financing Update 2021

Oct 18, 2021

62610_rns_2021-10-18_b4a8cb0a-e688-4336-9ce7-a425baddf286.pdf

Capital/Financing Update

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Dixon’s Wholly Owned Subsidiary – Padget Electronics Private Limited (“Padget”) commences Manufacturing of Mobile Phones for Orbic™

Orbic™ and Padget have entered into agreement for manufacturing of Smartphones
Manufacturing to take place at Padget’s manufacturing facility located at Noida

Noida, 18[th] October, 2021:

Dixon’s wholly owned subsidiary- Padget and Orbic™, a US based smartphone manufacturer has entered into agreement for manufacturing of smartphones at Padget’s manufacturing facility situated at Noida. The new Orbic Myra 5G UW, powered by the Snapdragon® 750G 5G Mobile Platform, will be the first 5G millimeter wave product to be produced in India for export to the US.

Commenting on this occasion, Mr. Sunil Vachani- Executive Chairman of Dixon Technologies said, “We are extremely excited to partner with Orbic™ for manufacturing of smartphones. Orbic™ has established a strong and trusted foothold globally thanks to their advanced technology solutions. World class manufacturing of electronic products in India is a reality today and this partnership is a testament to the same. This is a golden phase for India’s manufacturing industry considering it is being supported with the new Industrial friendly policies and incentives which are being rolled out by Government of India and we are proud that Dixon is a part of making India ‘Atmanirbhar’ or ‘Self-reliant’.

About Dixon Technologies (India) Limited

Dixon Technologies (India) Limited is the largest* home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters; (iv) mobile phones; and (v) CCTV & DVRs (vi) Medical Equipment (vii) wearables. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of LED TV panels.

*Source: Project Rise: Indian Consumer Electronics & Appliances Market Study, issued by Frost & Sullivan India Private Limited

For further clarification, you may contact the undersigned: