5406992026-01-012026-03-315406992026-03-315406992025-03-315406992025-04-012026-03-315406992026-01-012026-03-31in-capmkt:OtherExpenses1Member5406992025-04-012026-03-31in-capmkt:OtherExpenses1Member5406992026-03-31OtherNoncurrentFinancialAssetsDomain15406992026-03-31OtherNoncurrentAssetsDomain15406992026-03-31OtherCurrentFinancialAssetsDomain15406992026-03-31OtherCurrentAssetsDomain15406992026-03-31OtherNoncurrentFinancialLiabilitiesDomain15406992026-03-31OtherNoncurrentLiabilitiesDomain15406992026-03-31OtherCurrentFinancialLiabilitiesDomain15406992026-03-31OtherCurrentLiabilitiesDomain15406992026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15406992026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25406992025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15406992025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25406992026-01-012026-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares540699DIXONNOTLISTEDINE935N01020Dixon Technologies (India) LimitedMain BoardEquity2025-04-012026-03-312026-05-122026-05-05INRLakhsQuarterlyFourth quarterSingle segmentElectronics Goods2026-05-1214:10:002026-05-1215:35:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated1051051000008430000001059481000001002498000000-30992000001739900000236600000104970000021309000001023077000003640400000036404000001467000000-749100000717900000029225000000005720000029797000008600000298830000025641000004156000002573000000415300000121600000249.2248.810049.2248.810.0010.0090.1641. These consolidated financial results of Dixon Technologies (India) Limited ("Holding Company") have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments thereafter and SEBI circulars issued thereunder. <BR> 2. The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 12 May 2026. The statutory auditors have expressed an unmodified review conclusion on these results. <BR> 3. During the year ended 31 March 2026, Lightanium Technologies Private Limited and Dixon Electrocorp Private Limited were incorporated, as joint venture and wholly owned subsidiary of Dixon Technologies (India) Limited respectively. <BR> 4. In the previous year, the Holding Company entered into Share Subscription and Purchase Agreement (“SSPA”) with Aditya Infotech Limited (“Aditya”) for sale of 9,500,000 fully paid-up equity shares of AIL Dixon Technologies Private Limited (‘AIL Dixon’) representing 50% of AIL Dixon equity share capital, the joint venture company. The consideration of this transaction is through exchange of 73,05,805 equity shares of Rs. 1 each, representing 6.50% of Aditya equity share capital on a fully diluted basis on that date. Based on registered valuer, the fair value gain of Rs. 25,037 lakhs on these investment has been recognised for the quarter ended 31 March 2025 and shown as exceptional item. For the year ended 31 March 2025, the cumulative recognised fair value gain is Rs. 45,998 lakhs, which has been disclosed as an exceptional item in the previous year. <BR> 5. The Chief Operating Decision Maker ('CODM') comprise of the Board of Directors, Vice Chairman cum Managing Director and Chief Financial Officer which examines the Group’s performance on the basis of single operating segment Electronics Goods; accordingly, segment disclosure is not required. <BR> 6. During the year ended 31 March 2026, the Holding Company has transferred its lighting business undertaking including the shares of its Subsidiary, Dixon Technologies Solutions Private Limited to Lightanium Technologies Private Limited for a total consideration of Rs. 14,030 lakhs (Rs. 11,530 lakhs and Rs. 2,500 lakhs, respectively based on registered valuer) effective from 01 August 2025. This transaction was executed as part of the joint venture arrangement, resulting in the Holding Company recognising a gain on sale of the undertaking and subsidiary shares amounting to Rs. 2,188 lakhs and Rs. 619 lakhs respectively. <BR> <BR> Signify Innovations India Limited transferred its LED lighting manufacturing operations at Vadodara, Gujarat, to Lightanium Technologies Private Limited as a going concern through a slump sale for a cash consideration of Rs. 14,030 lakhs. Following the completion of these transactions, both the Holding Company and Signify Innovations India Limited each hold 50% of the post-issue share capital of Lightanium Technologies Private Limited. <BR> <BR> The financial figures for the quarter and year ended 31 March 2026 are not comparable with those of the corresponding periods of the previous year and the previous quarter of the current year due to the transfer of the lighting business to a Joint Venture company with effect from 01 August 2025. <BR> 7. The Holding Company has acquired equity stake in Kunshan Q Tech Microelectronics (India) Private Limited (“Q Tech India”) pursuant to the Share Subscription and Purchase Agreement dated 17 September 2025, executed between the Holding Company, Q Tech India, Q Technology (Singapore) Private Limited, and Kunshan Q Technology International Limited. On 26 September 2025, The Holding Company has completed the acquisition of 51% of the paid-up share capital of Q Tech India on a fully diluted basis. <BR> <BR> In accordance with the terms of the agreement; the Holding Company acquired 1,61,50,943 equity shares of Rs. 10 each of Q Tech India from existing shareholders for an aggregate cash consideration of Rs. 42,800 lakhs and subscribed 47,16,981 equity shares of Rs. 10 each of Q Tech India for a cash consideration of Rs. 12,500 lakhs. <BR> 8. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on Wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the "New Labour Codes"). These New Labour Codes have been made effective from 21 November 2025. <BR> <BR> Subsequent to the year-end, the Central Government has notified the Industrial Relations (Central) Rules, 2026, the Code on Wages (Central) Rules, 2026, the Code on Social Security (Central) Rules, 2026, and the Occupational Safety, Health and Working Conditions (Central) Rules, 2026. The corresponding State Rules and certain other operational clarifications under the New Labour Codes are yet to be notified. <BR> <BR> The Group has assessed and accounted for the incremental liability towards its employees in the quarters ended 31 December 2025 and 31 March 2026. The impact of such adjustment is not material to the consolidated financial results for the quarter and year ended 31 March 2026. <BR> <BR> The Group will continue to monitor the notification of the remaining State Rules and clarifications, and will evaluate and give effect to the impact, if any, on the measurement of employee benefit obligations in the period in which such Rules become effective. <BR> 9. During the year ended 31 March 2026, the Holding Company and Inventec Corporation ("Inventec") have made an investment of Rs. 2,051 lakhs and Rs. 1,368 lakhs, respectively in the Dixon IT Devices Private Limited ("Subsidiary Company"). Pursuant to the said investments, The Holding Company and Inventec have acquired a total of 2,05,10,000 equity shares and 1,36,80,000 equity shares of INR 10/- each respectively, of the Subsidiary Company. <BR> As a result, the Holding Company now holds 60% and Inventec holds 40% of the total issued and paid up share capital of the Subsidiary Company on a fully diluted basis. <BR> 10. During the quarter ended 31 March 2026, the Holding Company and Longcheer Intelligence Pte. Ltd. (“Longcheer”) have made an investment of Rs. 739 lakhs and Rs. 260 lakhs, respectively in the Dixtel Infocom Private Limited ("Subsidiary Company"). Pursuant to the said investments, The Holding Company and Longcheer have acquired a total of 73,90,000 equity shares and 26,00,000 equity shares of INR 10/- each respectively, of the Subsidiary Company. <BR> As a result, the Holding Company now holds 74% and Longcheer holds 26% of the total issued and paid-up share capital of the Subsidiary Company on a fully diluted basis. <BR> 11. One of the subsidiary company recognises incentive income under the Production Linked Incentive (“PLI”) Scheme to the extent that its eligible revenues exceed the prescribed annual ceiling limit. Recognition of such incremental incentive income is permitted under the Scheme in circumstances where other eligible applicants within the same target segment have not fully utilised their respective ceiling entitlements. The recognition is based on management’s assessment of the performance of other applicants, using publicly available information and internally available data. <BR> <BR> Incentive income accrued amounting to Rs. 1,11,006 lakhs, relating to such overperformance across different performance years, remains outstanding and receivable, pending formal determination and disbursement by the Project Management Agency (“PMA”). Correspondingly, the subsidiary company has recognised a liability payable to its customer as per the arrangement amounting to Rs. 72,634 lakhs in respect of the same incentive. <BR> <BR> The subsidiary company has consistently asserted its eligibility and entitlement to the aforesaid incentive through appropriate representations and continues to actively pursue their receipt for the relevant performance years through ongoing engagement with the PMA and other concerned authorities. Management’s assessment regarding recognition and recoverability of the incentive receivable is supported by independent legal advice, which confirms the subsidiary’s eligibility for incentive upon achievement of the prescribed conditions under the Scheme. <BR> 12. The Board of Directors of the Company at its meeting held on 12 May 2026 had recommended a final dividend of INR 10.00/- per equity share of face value INR 2/- each for the financial year 2025-2026 subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company. <BR> 13. The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between audited figures in respect of full financial year and the unaudited published year-to-date figures upto 31 December 2025 and 31 December 2024 respectively which were subjected to limited review. <BR> 2025-04-012026-03-31AuditedConsolidated48872800000071304000004958584000004546038000000-183200000071115000001374700000392980000010179500000475367300000204911000000204911000004119800000143300000426310000001622800000000021450000016442500000670000016449200000143864000002056100000143917000002057500000121600000246645100000271.59269.3500271.59269.350.0010.040.159Other Expenses2130900000Other Expenses101795000002719900000057084000000580000000087175000000007065300000001368800000843410000097500000506000000564625000003836520000030031000006529910000076743000001736300000012430200000901430000007876000005858100000135153900000001916164000001216000004664510000046766700000710000000053866700000359690000000050053000008602200000144600000120310000008169000001076680000010781000001664300000105557500000107221800000132905000001215904000005083400000102400000206700000012698290000000137749700000191616400000Other financial assets1368800000Other non-current assets506000000Other financial assets12430200000Other current assets5858100000Other financial liabilities5005300000Other non-current liabilities816900000Other current financial liabilities13290500000Other current liabilities50834000001374700000195990000057587000000-1665600000-84500000-89380000018273000000-717320000003768400000650500000392980000003300000020000004200000-19536000003288000001080000076000000608100000000-6897200000-129000000147780000021968900000000414600000001782290000004305100000658260000000000964000001067510000000000000000000400000000010800000760000000-4331000000-1250540000000263180000000000467500000053207000008598000001178300000102950000000-108150000042360000002308500000654450000011298000007674300000Amount of items that will not be reclassified to profit and loss7300000Share of OCI in Joint Ventures (net)370000011000000Amount of items that will not be reclassified to profit and loss4200000Share of OCI in Joint Ventures (net)37000007900000240000012000000086000006700000AuditedtrueS.N. DHAWAN & CO LLPtrue2028-02-29