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

Apr 1, 2021

Dixon Technologies (India) Ltd.

01 st April, 2021

To	To
Secretary	Secretary
Listing Department	Listing Department
BSE Limited	National Stock Exchange of India 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
ISIN: INE935N01020	ISIN: INE935N01020

Dear Sir /Madam

Sub: -Incorporation of Wholly Owned Subsidiaries-Dixon Electro Manufacturing Private Limited and Dixon Technologies Solutions Private Limited

Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

It is hereby informed that Dixon Electro Manufacturing Private Limited and Dixon Technologies Solutions Private Limited has been incorporated as the Wholly Owned Subsidiaries ("WOS") of Dixon Technologies ( India) Limited ("Company") for business purpose.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI c'ircular No.CIR/CFD/CMD/4/2015 dated 9th September,'2015 are given in the enclosed Annexure-A.

Kindly take the same on the record and oblige.

Thanking You,

Yours faithfully,

For DIXON TECHNOLOGIES (INDIA) LIMITED

Encl: As above

Annexure -A

S.no	Particulars	Relevant Information for Dixon Electro Manufacturing Private Limited	Relevant Information Dixon Technologies Solutions Private Limited
1	Name of the target entity, details in brief such as size, turnover etc.	Dixon Electro Manufacturing Private Limited The target entity is a newly incorporated company, therefore, no such details of size, turnover etc are available.	Dixon Technologies Solutions Private Limited The target entity is a newly in corporated company; therefore, no such details of size, turnover etc are available.
2	Whether the acquisition would fall within related party transaction(s) and whether promoter / promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details and whether the same is done at "arms length".	The entity is incorporated as the Wholly Owned Subsidiary of Dixon Technologies (India) Limited	The entity is incorporated as the Wholly Owned Subsidiary of Dixon Technologies (India) Limited
3	Industry to which the entity being acquired belongs	Manufacturing Industry.	Manufacturing Industry.
4	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of listed entity)	To manufacture and deal in, inter-alia, consumer durables, devices and electronic appliances	To manufacture and deal in, in ter-alia, consumer durables, devices and electronic appliances
5	Brief details of any governmental or regulatory approvals required for the acquisition	Not Applicable	Not Applicable
6	Indicative time period for completion of the acquisition	The entity has been incorporated on 16th March, 2021. The subscription money has ~een paid on 31st March, 2021.	The entity has been incorporated on 16th March, 2021. The subscription money has been paid on 31st March, 2021.
7	Nature of consideration whether cash consideration or share swap and details of the same	Equity shares has been subscribed by Dixon Technologies (India) Limited for cash consideration.	Equity shares has been subscribed by Dixon Technologies (India) Limited for cash consideration.

8	Cost of acquisition or the price at which shares are acquired	Equity shares has been subscribed by Dixon Technologies (India) Limited at a face value of Rs. 10 each for a consideration of Rs. 1,00,000.	Equity shares has been subscribed by Dixon Technologies (India) Limited at a face value of Rs. 10 each for a consideration of Rs. 1,00,000.
9	Percentage of shareholding /control acquired and/or number of shares acquired	100 % Shareholding. The entity is a Wholly Owned subsidiary of Dixon Technologies (India) Limited	100 % Shareholding. The entity is a Wholly Owned subsidiary of Dixon Technologies (India) Limited
10	Brief background about the entity in term of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which acquired entity has presence and any other significant information	The WOS has been incorporated with an object to manufacture inter-alia consumer durables, devices, Home appliances etc. The date of incorporation of WOS is 16th March, 2021 and has been incorporated in India. Considering the aforesaid, the information related to turnover is not applicable.	The WOS has been incorporated with an object to manufacture inter-alia consumer durables, devices, Home appliances etc. The date of incorporation of WOS is 16th March, 2021 and has been incorporated in India. Considering the aforesaid, the information related to turnover is not applicable.

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