Dixon Technologies India Ltd enters into a binding Term Sheet with Kunshan Q Tech Microelectronics India Pvt Ltd

Dixon and Q Tech Group are pleased to announce the execution of a binding term sheet on July 15, 2025 for the proposed acquisition of an aggregate of 51% shareholding in Q Tech India by Dixon for the purpose of collaboration in manufacturing & supply of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications.

The proposed acquisition will be consummated through a combination of primary and secondary investment by Dixon, and is subject to signing of definitive agreements, receipt of regulatory approvals, applicable if any, and completion of customary conditions precedent.

Mr. Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies (India) Limited, added that "Acquiring majority stake in Qtech India is a major step forward in Dixon's journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications thereby strengthening backward integration plans of the Company. The proposed acquisition of a majority stake in Q Tech India aligns with our long-term vision to be a leading enabler in India's electronics manufacturing ecosystem by combining Q Tech's technological expertise with Dixon's manufacturing scale and operational excellence. This collaboration is a testament to our commitment to technological excellence, self-reliance, deepening of component ecosystem and delivering greater value to our global and domestic partners.

We are confident that this strategic alliance will unlock significant synergies, accelerate technology transfer, and enable faster go-to-market solutions. It represents not just a business opportunity, but a shared vision for innovation, quality, and long-term growth."

Mr. Roy Ho, Chairman of Q Technology (Group) Company Limited, the parent company of Q Tech Group, added "We are delighted to partner with Dixon Technologies, a company that shares our vision for innovation and excellence in the optical components for electronics manufacturing space. This collaboration marks a significant milestone for Q Tech Group, as it paves the way for many years of success to come. Our combined expertise will help us meet the growing demand for high-precision camera and fingerprint modules across mobile, IoT, and automotive sectors. We believe this partnership will not only strengthen India's electronics component ecosystem but also position us as a global leader in this domain. Together, we aim to deliver cuttingedge solutions and create long-lasting value for all stakeholders.

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 15818.20 as compared to the previous close of Rs. 15899.00. The total number of shares traded during the day was 13879 in over 4574 trades.

The stock hit an intraday high of Rs. 16000.00 and intraday low of 15750.00. The net turnover during the day was Rs. 220002067.00.

Source : Equity Bulls

Keywords

DixonTechnologiesIndia INE935N01020 ConsumerElectronics BindingTermSheet KunshanQTechMicroelectronicsIndia