Dixon Technologies (India) Ltd

Dixon Technologies (India) Ltd has issued a clarification regarding a news item about a potential joint venture with vivo Mobile India Private Limited (vivo India). The company confirmed that a binding term sheet was signed on December 15, 2024, to form a joint venture for the OEM business of electronic devices, including smartphones. Dixon will hold a 51% stake and vivo India 49%. The JV is subject to definitive agreements, customary conditions precedent, and regulatory approvals, including foreign exchange control laws. The company stated that the statutory approval is still awaited and there have been no material developments requiring further disclosure. Dixon emphasized that the initial announcement on December 15, 2024, covered all necessary information and there is no other undisclosed information that could explain any trading activity.

Dixon Technologies (India) Limited, along with its wholly-owned subsidiary Dixon Electroconnect Private Limited and Gemtek Technology Co., Ltd., has executed a binding term sheet to form a joint venture. This JV will focus on manufacturing and supplying Optical Transceiver - SFP and BOSA, and other telecom products in India. Upon completion, Dixon will hold 60% and Gemtek 40% of Dixon Electroconnect. The transaction is subject to definitive agreements and regulatory approvals. This move marks Dixon's entry into the data center and telecom ecosystem, leveraging Gemtek's expertise and Dixon's manufacturing capabilities to meet growing demand driven by AI, cloud, and hyperscale data centers.

Dixon Technologies (India) Ltd has issued a clarification regarding recent media reports concerning a labor protest in Dehradun, Uttarakhand. The company stated that the event is industry-wide, primarily triggered by misinformation, and affects multiple industries in the Dehradun region. Dixon confirmed that its operations at the Dehradun units remain fully compliant with applicable laws and have experienced no material impact. The company emphasized its commitment to employee safety and well-being, adding that authorities are actively coordinating with regional industries to restore normalcy.

Dixon Technologies (India) Ltd announced its financial results for the quarter and financial year ended March 31, 2026. The Board approved the audited standalone and consolidated financial results. Consolidated revenue from operations for FY26 reached ₹49,586 crores, a 28% increase year-over-year. EBIDTA for FY26 was ₹2,580 crores, up by 69%. PAT increased by 33% to ₹1,644 crores. The board also recommended a final dividend of ₹10 per equity share.

Dixon Technologies (India) Ltd's board approved a final dividend of ₹10 per equity share for FY26. The board also approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. Consolidated revenue from operations for FY26 stood at ₹49,586 Cr, up 28% YoY, while PAT was ₹1,644 Cr, up 33% YoY. The Nomination and Remuneration Committee approved the grant of 16,155 stock options to employees under the Dixon ESOP 2023.

Dixon Technologies (India) Ltd's board approved the audited financial results for the year ended March 31, 2026. Consolidated revenue from operations increased by 28% to ₹49,586 crore, while EBIDTA rose by 69% to ₹2,580 crore. PAT increased by 33% to ₹1,644 crore. The board also recommended a final dividend of ₹10 per equity share. Additionally, the Nomination and Remuneration Committee approved the grant of 16,155 stock options to employees under the Dixon ESOP 2023 plan.

Dixon Technologies (India) Ltd has been penalized ₹15,60,864 by the Office of Assistant Commissioner (GST), Uttarakhand, for violations related to discrepancies between the value of goods on the delivery challan and the E-way bill. The penalty was imposed under Section 129(3) of the GST Act. Dixon Technologies plans to appeal the order.

Dixon Technologies (India) Ltd's Board of Directors will meet on May 12, 2026, to consider and approve the audited financial results (standalone and consolidated) for the financial year ended March 31, 2026. The board will also consider the proposal for the declaration of a final dividend, if any, for the same financial year. The trading window for dealing in the company's securities, which closed on April 1, 2026, will reopen 48 hours after the declaration of the financial results.

Dixon Technologies (India) Ltd has scheduled a Board of Directors meeting on May 12, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The board will also consider the recommendation of a dividend, if any, for the financial year ended March 31, 2026. The trading window has been closed since April 1, 2026, and will reopen 48 hours after the declaration of the financial results.

Dixon Technologies (India) Ltd issued a clarification regarding recent media reports on an industry-wide labor protest in Noida, Uttar Pradesh. The company stated that the event was primarily triggered by misinformation and affected multiple industries in the region. Dixon confirmed that its operations remain fully compliant with applicable laws and have experienced no material impact. The company reiterated its commitment to ensuring the safety and well-being of its employees and noted that authorities are actively coordinating with industries across the region to restore normalcy.