Syrma SGS Technology Ltd

Syrma SGS Technology Ltd announced the appointment of Mr. Jaidit Singh Brar as the new Chief Executive Officer, effective June 29, 2026. This decision was made by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Mr. Brar, an MBA from IIM Calcutta, brings over 25 years of experience, including a tenure as a senior partner at McKinsey & Company. The outgoing CEO, Mr. Satendra Singh, will transition to the role of Senior Operating Director. This management change is intended to leverage Mr. Brar's extensive experience in driving growth and transformation.

Syrma SGS Technology Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The window will be shut from July 01, 2026, and will reopen 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The specific date for the Board of Directors' meeting to consider these results will be communicated later.

Syrma SGS Technology Ltd has entered into an agreement with Kaga Electronics India Private Limited to establish a joint venture (JV). This JV will develop and operate a state-of-the-art EMS manufacturing facility in India, specifically targeting Japanese clients. Syrma SGS will hold up to 60% ownership in the JV Company (JVCo), while Kaga will hold up to 40%. The initial investment from Syrma SGS is approximately INR 15 Cr, and from Kaga is INR 10 Cr. The JVCo's board will have an equal representation of directors from both companies. The transaction is subject to customary closing conditions.

Syrma SGS Technology Ltd has filed a monitoring agency report by CRISIL Ratings Limited regarding the utilization of proceeds from its initial public offer (IPO) for the quarter ended March 31, 2026. The report indicates no deviations from the stated objectives of the IPO. The report is available on the company's website.

Syrma SGS Technology Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹1.50 per equity share (15%) of face value ₹10 each, subject to shareholder approval at the upcoming AGM. The statutory auditors issued an audit report with an unmodified opinion on the financial results.

Syrma SGS Technology Ltd and Premier Energies Limited have decided not to proceed with the proposed acquisition of K-Solare Energy Private Limited due to unfulfilled conditions precedent. This decision follows earlier disclosures on October 23, 2025, and February 21, 2026, regarding the joint venture for the acquisition. Syrma SGS remains committed to the solar inverter and renewable energy electronics sector and will continue to explore alternative opportunities. Relevant documents are available on the company's website.

Syrma SGS Technology Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹1.50 per equity share (15%) of the face value of ₹10 each, subject to shareholder approval at the upcoming AGM. The statutory auditors issued an audit report with an unmodified opinion on the financial results. The company has also given effect to the Scheme of Amalgamation.

Syrma SGS Technology Ltd reported strong financial results for FY26, with revenue increasing by 27% YoY to ₹4,819 Cr and profit after tax surging by 87% YoY to ₹3,458 million. The company's Q4FY26 revenue stood at ₹14,768 million, up 56% YoY, while PAT increased by 67% YoY to ₹1,192 million. The company saw growth in exports and strengthened its presence in Automotive, Industrial, Healthcare and Defence sectors.

Syrma SGS Technology Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹1.50 per equity share (15%) of face value ₹10 each, subject to shareholder approval at the upcoming AGM. The audit report has an unmodified opinion. The company also gave effect to the Scheme of Amalgamation.

Syrma SGS Technology Ltd has scheduled a Board of Directors meeting on May 11, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board will also consider and recommend a dividend, if any, on equity shares for the same financial year. The trading window remains closed until 48 hours after the declaration of the financial results.