Dixon Technologies acquires majority stake in Kunshan Q Tech Microelectronics

Dixon Technologies (India) Limited (DTIL) announced the acquisition of a 51% stake in Kunshan Q Tech Microelectronics (India) Private Limited through a share subscription and purchase agreement dated September 17, 2025. This follows an initial binding term sheet from July 15, 2025. The transaction involves purchasing 16,150,943 equity shares for INR 4,279,999,895 and subscribing to 4,716,981 equity shares for INR 1,249,999,965, totaling an Investment Amount of INR 5,529,999,860 for 51% of the fully diluted paid-up equity share capital.

The company, incorporated on January 10, 2019, manufactures camera and fingerprint modules for mobile handsets, IoT systems, and automotive applications. This strategic move aims to enhance DTIL's manufacturing excellence in these areas, strengthen backward integration, and drive technology transfer. The acquisition is subject to satisfactory completion of conditions precedent and regulatory approvals, expected within 90 days.

This transaction is not a related party transaction. Upon closing, the company will become a joint venture, with DTIL holding 51% and Q Tech Singapore holding 49%. Both will nominate two directors to the board. Kunshan Q Tech Microelectronics reported a turnover of INR 1,97,720.59 lakhs for FY 2024-25 and a net worth of INR 27,424.40 lakhs as of March 31, 2025.