Agreements

Dixon Technologies (India) Limited 7th October, 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 Dear Sir/Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our earlier intimation dated June 9, 2026. This is in continuation of our earlier intimation dated June 9, 2026, whereby Dixon Technologies (India) Limited (“Company”) informed the stock exchanges that the Company, Gemtek Technology Co., Ltd. (“Gemtek”), and Dixon Electroconnect Private Limited (“Dixon Electroconnect”), wholly owned subsidiary of the Company as on the date, proposed joint venture company (collectively the “Parties”), had entered into a binding term sheet on June 9, 2026 in relation to the proposed joint venture arrangement. Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we hereby inform you that, the Parties have executed a joint venture agreement on 7th October, 2026 (“JV Agreement”) pursuant to which Dixon Electroconnect will carry on the business of manufacturing and supply of Optical Transceiver - SFP (Small Form- Factor Pluggable) and BOSA (Bidirectional Optical Subassembly) or other telecom products as may be mutually agreed by the Parties from time to time in India. The transactions contemplated under the JV Agreement remain subject to completion of customary conditions precedent (“Proposed Transaction”). Upon completion of the Proposed Transaction, the share capital of Dixon Electroconnect will be held by the Company and Gemtek in the proportion of 60% and 40%, respectively. Pursuant to Proposed Transaction, neither the Company nor Gemtek will acquire any stake in each other. The disclosures prescribed under Regulation 30 of the SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A. 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 CS Encl: As Above 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 Dixon Technologies (India) Limited ANNEXURE-A S.No. Particulars Details 1 Name of the entity(ies) with whom agreement/ a) Dixon Technologies (India) Limited (“Company”) JV is signed b) Dixon Electroconnect Private Limited (“Dixon Electroconnect” or “JV Company”) c) Gemtek Technology Co., Ltd. (“Gemtek”) (collectively, the “Parties”) 2 Area of agreement/JV The JV Company will be engaged in the business of manufacturing and supply of Optical Transceiver - SFP (Small form-factor pluggable) and BOSA (Bidirectional optical subassembly) or other telecom products as may be mutually agreed by the Parties from time to time in India. The JV Company is a wholly owned subsidiary of the Company as on date. The joint venture shall be effectuated through the subscription of fresh equity shares of the JV Company by both the Company and Gemtek such that upon completion of the Proposed Transaction, their shareholding in the JV Company will be 60% and 40% respectively. 3 Domestic/international Domestic 4 Share exchange ratio / JV ratio Upon completion of the Proposed Transaction, the shareholding of the JV Company will be as follows: (a) Company – 60% and (b) Gemtek – 40% Neither Company nor Gemtek will have any stake in each other. 5 Scope of business operation of agreement / JV The JV Company will be engaged in the business of manufacturing and supply of Optical Transceiver - SFP (Small form-factor pluggable) and BOSA (Bidirectional optical subassembly) or other telecom products as may be mutually agreed by the Parties from time to time in India. 6 Details of consideration paid / received in The Company and Gemtek will be investing in the JV Company agreement / JV through subscription of equity shares such that upon completion of the Proposed Transaction, their shareholding in the JV Company shall be 60% and 40%, respectively. On the closing of Proposed Transaction, subscription of number of equity shares by the Company and Gemtek shall be based on valuation reports, in compliance with applicable laws. 7 Significant terms and conditions of agreement The JV Agreement, inter alia, provides that: / JV in brief (i) the Company has a right to nominate 3 directors on the board of JV Company; (ii) Gemtek has a right to nominate 2 directors on the board of JV Company; (iii) the Company has the right to nominate the Chairman of 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 Dixon Technologies (India) Limited the board of directors of the JV Company; and (iv) the Company and Gemtek have information rights regarding affairs of the JV Company. In addition, the JV Agreement includes customary and/or commercially agreed conditions with respect to reserved matters requiring shareholder approval, exit rights, representation and warranties, indemnities, dispute resolution etc. Proposed Transaction is expected to be completed by 3rd February, 2027, subject to completion of conditions precedent. 8 Whether the acquisition would fall within a) The proposed subscription by the Company to shares of related party transactions and whether the the JV Company may constitute a related party transaction promoter/ promoter group/ group companies because Dixon Electroconnect is a wholly owned subsidiary have any interest in the entity being acquired? of the Company as on the date hereof. The transaction will If yes, nature of interest and details thereof and be undertaken on arm’s length basis in compliance with whether the same is done at “arm’s length” applicable law. The Company will obtain such valuation report(s), if any, as may be required under applicable law. b) Except to the extent of the share capital to be held by the Company in the Dixon Electroconnect, the promoter/ promoter group/ group companies shall have no interest in the Dixon Electroconnect. c) Neither the Company nor Gemtek will have any stake in each other. d) Further, the Company and Gemtek are not related parties as on date. 9 Size of the entity(ies) As on March 31, 2026, the turnover of the JV Company was NIL, as the JV Company has not commenced business operations. As on date, the authorized share capital and paid up share capital of the JV Company is INR 1,00,000. 10 Rationale and benefit expected The Proposed Transaction is expected to enable the Company to enter the data centre, telecom and optical-connectivity ecosystem by combining the Company’s large-scale manufacturing capabilities with Gemtek’s expertise in high-speed optical modules, telecom infrastructure and networking technologies. The JV Company is expected to address demand arising from artificial intelligence, cloud and edge computing, hyperscale data centres, high-speed networking and next-generation optical communication solutions. b. In the event that any such arrangement is The Company will make the requisite disclosure upon the called off for any reason, the same shall be occurrence of any such event. disclosed along with the reasons for calling off the proposal 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: L32101UP1993PLC06658 [Showing first 8,000 characters — download PDF for full document]