Dixon Technologies (India) Limited — Capital/Financing Update 2021

Jul 6, 2021

Dixon Technologies (India) Ltd.

06•h July, 2021

To	To
Secretary	Secretary
Listing Department	Listing Depa rtment
BSE L1m1led	Natt0n,1l Stock Exchange of lncli;:i Limited
Department of Corporate Services	Exchange Plaza, Sandra Kurla Complex
Phiroze Jeejeebhoy Towers,	Mumbai - 400 051
Dalal Street, Mumbai - 400 001
Scrip Code - 540699	Scrip Code- DIXON
!SIN: INE935N01020	!SIN: INE93SN01020

Dear Sir/ Madam

Sub: -Incorporation of Wholly Owned Subsidiary-Dixon Devices Private Limited

Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 20 15

It 1s hereby informed that Dixon Devices Private Limited has been 111corporatcd as the Wholly Owned Subsidiary ("WOS") ofDixon Technologies (India) Limited ("Company") for business purpose.

The details required under Regulation 30 of the SF.Bl [Listi ng Obligations and Disclosure Requirements) Regulations, 20 15 read with SERI C1rcul;ir No.CIR/CFD/CM D/ 4/20 15 da ted 9th Scptemher,'2015 are given in the enclosed /\n ncxurc•-t.

Kindly take the same on the record and oblige.

Thanking You,

Yours faithfully,

For DIXON TECHNOLOGIES (INDIA) LIMITED

\J ✓ l~umar

Gr u Company Secr etary, Head-Legal & HR

Encl: As above

Annexure - A

S.no	Particulars	Re levant Information
1	Name of the target entity, detailsin brie f such as size, turnoveretc.	Dixon Devices Private LimitedThe target entity is a newly incorporated company, therefore,no such details of size, turnover etc are available.
2	Whether the acquisition wouldrelatedfallwithinpartytransaction(s)whetherandIpromoterpromotercompanieshavegroup/ groupany interest in the entity be ingofIfyes,acquired?natureinterest and details and whether"armsthesameisdoneatlength".	The entity is incorporated as the Wholly Owned Subsidiary ofDixon Technologies (India) Limited
3	Industrytowhichtheenlitybe ine; acquired be lone;s	Manu facturing Industry.
4	Objects and e ffects of acquisition(including but not limited to,ofdisclosurereasonsforacquisition of target entity, if itsbusiness is outside the main lineof business of listed entitvl	To manufacture and deal in, inter-alia, consumer durables,devices and electronic appliances
5	ofBriefdetailsanygovernmental orregulatory approvals requiredfor the acquisition	Not Applicable
6	Indicativetimeperiodforcompletion of the acquisition	The entity has been incorporated on 15th May, 2021. TheSubscription money has been paid on 05111 July, 2021.
7	ofconside ration-Naturewhether cash consideration orshare swap and details ofthe same	Equity shares has been subscribed by Dixon Technologies(India) Limited for cash consideration.
8	Cost of acquisition or the priceat w hich shares are acqui red	Equity shares has been subscribed by Dixon Technologies(India) Limited at a face value of Rs.10 each for aconsideration of Rs. 1,00,000.
9	ofPe rcentageshareholding/controland/oracquirednumber of shares acquired	100 % Shareholding.TheentityaWhollyOwnedsubsidiaryisof DixonTech nologies (India) Limited
10	Briefbackgroundabouttheentity in term of products/ lineof business acquired, date ofincorporation, history of last 3years turnove r, country in whichentity has presenceacquir"edandanyothersignificantinformation	The Wholly Owned subsidiary has been incorporated with anobject to manufacture inter-alia consumer durables, devices,Home appliances etc. The date of incorporation of WhollyOwnedsubsidiaryMay,is15th2021andhasbeenincorporatedinIndia.Consideringtheaforesaid, theinformation related to turnover is not applicable.