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Dixon Technologies (India) Limited — M&A Activity 2024
Dec 26, 2024
62610_rns_2024-12-26_1a1ec3fd-37bf-4e5e-acae-3ad39ecae13a.pdf
M&A Activity
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Dixon Technologies (India) Limited
26[th] December, 2024
To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra 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: Dixon’s Wholly Owned Subsidiary- Dixon Electro Manufacturing enters into an MOU with Cellecor Gadgets Limited
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform that Dixon Electro Manufacturing Private Limited, Wholly Owned Subsidiary of Dixon Technologies (India) Limited has entered into an MOU with Cellecor Gadgets Limited (“Cellecor”) for manufacturing of Refrigerators and its related components for Cellecor.
In this regard, please find enclosed herewith the detailed announcement.
We request you to kindly take this on your record and oblige.
Thanking you
For Dixon Technologies (India) Limited
ASHISH Digitally signed by KUMAR ASHISH KUMAR Ashish Kumar Chief Legal Counsel & Group CS
Encl: As Above
Regd. Office: B-14 & 15, Phase-II, Noida-201305, (U.P.) India, Ph.:0120-4737200 E-mail: [email protected] • Website: http://www.dixoninfo.com, Fax: 0120-4737263 CIN: L32101UP1993PLC066581
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DIXON ’s WHOLLY OWNED SUBSIDIARY- DIXON ELECTRO MANUFACTURING AND CELLECOR GADGETS SIGNS MOU FOR MANUFACTURING OF REFRIGERATORS
- Dixon Electro Manufacturing Private Limited (“Dixon Electro Manufacturing”) and Cellecor Gadgets Limited (“Cellecor”) entered into MOU for manufacturing of Refrigerators and its related components for Cellecor.
Noida, 26[th] December, 2024
Dixon Electro Manufacturing has entered into MOU with Cellecor for manufacturing of refrigerators and its related components for Cellecor.
Cellecor is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products encompassing Mobile Phones, Smart TVs, Soundbars, Smartwatches, Kitchen Appliances and Home Appliances like Washing Machine, Air Conditioners, Refrigerators, Air Coolers, Geysers , Heaters & many more products.
Commenting on this occasion, Mr. Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies , stated that “We are delighted to announce that Dixon Electro Manufacturing has entered into an MOU with Cellecor for manufacturing of Refrigerators and its related components. By this partnership, Dixon Electro Manufacturing will increase its customer base in Refrigerator segment. Further, this partnership represents a strategic milestone and commitment to the ‘Make in India’ initiative and to cater to the evolving needs of Indian consumers.
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) Wearables and Hearables (vi) Refrigerators (vii) Telecom and IT Hardware products. 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:
Ashish Kumar Chief Legal Counsel and Group Company Secretary Address: B-14 & 15, Phase-II, Noida, Gautam Buddha Nagar, Uttar Pradesh – 201 305 Contact No.: +91 120 473 7200; Fax: +91 120 473 7263 Email: [email protected]