Dixon completes acquisition of 51% stake in Q Tech India

Dixon Technologies (India) Limited (DTIL) has completed the acquisition of an aggregate 51% shareholding in Kunshan Q Tech Microelectronics (India) Private Limited ("Q Tech India") today, September 26, 2025. This transaction involved the purchase of 16,150,943 equity shares from Q Tech Singapore and Q Tech International for a cash consideration of INR 4,279,999,895, and the subscription of 4,716,981 new equity shares in Q Tech India for INR 1,249,999,965.

Following the transaction, DTIL and its nominees now hold a total of 20,867,924 equity shares of INR 10 each in Q Tech India, representing 51% of its post-issue share capital on a fully diluted basis. The aggregate consideration for this acquisition amounts to INR 5,529,999,860.

Additionally, DTIL has executed a Shareholders Agreement with Q Tech India and Q Tech Singapore today, which governs their relationship concerning Q Tech India's management. The agreement grants both DTIL and Q Tech Singapore rights to nominate directors to the board, among other customary provisions.