NSEAcquisition22h ago · 21 Sept 2026, 06:40 pm
Acquisition
Dixon Technologies (India) Limited · DIXON
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Dixon Technologies (India) Limited has informed the Exchange about the acquisition of Adivistar Electronics India Private Limited, a subsidiary company, with 51% shareholding.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Dixon Technologies (India) Limited has informed the Exchange about Acquisition
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DIXON_21092026184010_AcquisitionAdivistarFinal21092026.pdf
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Dixon Technologies (India) Limited
21st September, 2026
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
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(‘SEBI Listing Regulations’)- Acquisition
Dear Sir/ Ma’am,
In furtherance to our earlier intimation dated 12th August, 2026 wherein Dixon Technologies (India) Limited (“Dixon/
Company”) had informed about the proposed incorporation of One (1) Subsidiary Company with the name and style
‘Adivistar Electronics India Private Limited’ (“Adivistar”), we would like to inform that Adivistar has been incorporated as
a Subsidiary Company of Dixon and the subscription money for subscribing 25,50,000 equity shares of the face value of
Rs. 10/- each in Adivistar has been paid by Dixon on 21st September, 2026.
The details as required in compliance with Regulation 30 of SEBI Listing Regulations read with the SEBI Master Circular
no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are as under:
S.No. Particulars Details
1. Name of the target entity, details in brief such as Adivistar Electronics India Private Limited
size, turnover etc.; (“Adivistar”)
Turnover – Nil
Size: Not Applicable as Adivistar was incorporated on
13th August, 2026 and yet to commence its business.
2. Whether the acquisition would fall within related Adivistar is incorporated as the subsidiary of Dixon
party transaction(s) and whether the promoter/ Technologies (India) Limited (“Dixon”).
promoter group/ group companies have any
interest in the entity being acquired? If yes, Except to the extent that Adivistar is incorporated as a
nature of interest and details thereof and subsidiary of the Company, the Promoter/Promoter
whether the same is done at “arm’s length”; Group/group companies do not have any interest in
the entity acquired.
3. Industry to which the entity being acquired Manufacturing Industry- Adivistar will carry on the
belongs; business as original equipment manufacturer (OEM) of
electronic devices, including smartphones.
Regd. Office: B-14 & 15, Phase-II, Noida-201305, (U.P.) India, Ph.:0120-4737200
E-mail: info@dixoninfo.com • Website: http://www.dixoninfo.com/ • Fax: 0120-4737263
CIN: L32101UP1993PLC066581
4. Objects and impact of acquisition (including but This association will bolster our manufacturing
not limited to, disclosure of reasons for excellence and superior execution abilities and vivo’s
acquisition of target entity, if its business is leadership in the Indian business ecosystem. This
outside the main line of business of the listed partnership further strengthens our strong foothold in
entity); the android smartphone ecosystem in India.
5. Brief details of any governmental or regulatory All requisite governmental/regulatory approval
approvals required for the acquisition; required for the acquisition have been obtained.
6. Indicative time period for completion of the Adivistar was incorporated on 13th August, 2026 and
acquisition; the Subscription money has been paid on 21st
September, 2026.
7. Consideration - whether cash consideration or Equity shares have been subscribed by Dixon for cash
share swap or any other form and details of the consideration.
same;
8. Cost of acquisition and/or the price at which the Rs. 2,55,00,000/- (Rupees Two Crores Fifty-Five Lakhs
shares are acquired; only) (Dixon has subscribed to 25,50,000 Equity shares
of the face value of Rs. 10 each, at par).
9. Percentage of shareholding / control acquired 51% Shareholding by Dixon
and / or number of shares acquired;
10. Brief background about the entity acquired in The subsidiary has been incorporated with an object to
terms of products/line of business acquired, date undertake business of original equipment
of incorporation, history of last 3 years turnover, manufacturing (OEM) of electronic devices, including
country in which the acquired entity has presence smartphones.
and any other significant information (in brief);
Adivistar Electronics India Private Limited has been
incorporated on 13th August, 2026.
Turnover: Not Applicable
Country: India
This aforesaid disclosure is also being made available on the website of Dixon at www.dixoninfo.com.
We request you to kindly take this on your record and oblige.
Thanking You,
For DIXON TECHNOLOGIES (INDIA) LIMITED
Ashish Kumar
President- Chief Legal Counsel & Group Company Secretary