5406992026-04-012026-06-305406992026-04-012026-06-30in-capmkt:OtherExpenses1Member5406992026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15406992026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRxbrli:pureiso4217:INRxbrli:shares540699DIXONNOTLISTEDINE935N01020Dixon Technologies (India) LimitedMain BoardEquity2026-04-012027-03-312026-07-312026-07-24INRCroresQuarterlyFirst quarterSingle segmentElectronics Goods2026-07-3112:00:002026-07-3115:05:00Not applicable2026-04-012026-06-30UnauditedConsolidated15547660000052829000001607595000001506440000000-423370000018069000002412000001069500000262820000015215610000086034000000860340000080410000070740000015115000000709190000000086400000717830000017000007180000000663420000054410000066356000005444000001222000002118117.8700118117.870.00110.0080.36671. These consolidated financial results of Dixon Technologies (India) Limited ("Holding Company") have been prepared in accordance with the Indian Accounting Standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended 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 at their respective meetings held on 31 July 2026. The statutory auditors have expressed an unmodified review conclusion on these results. <br /> 3. The Chief Operating Decision Maker ('CODM') comprising the Board of Directors, the Vice Chairman cum Managing Director and the Chief Financial Officer which examines the Company’s performance on the basis of a single operating segment namely Electronics Goods; accordingly segment disclosure is not required. <br /> 4. During the year ended 31 March 2026, the Holding Company 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. 140.30 crores (Rs. 115.30 crores and Rs. 25.00 crores, respectively based on registered valuer's report) with effect 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. 21.88 crores and Rs. 6.19 crores 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 on a slump sale basis for a cash consideration of Rs. 140.30 crores. 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 ended 30 June 2026 are not comparable with those of the corresponding quarter period of the previous year and 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 /> 5. One of the subsidiary company has recognised incentive income under the Production Linked Incentive (“PLI”) Scheme to the extent that its eligible revenues exceed the prescribed annual ceiling limit, including in respect of the year ended 31 March 2026 and earlier years. 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. 1,110.06 crores, relating to such overperformance across different performance years, remains outstanding and receivable as at 30 June 2026, 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. 603.95 crores 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 receipt of the incentive 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 /> 6. The Board of Directors of the Holding Company at its meeting held on 12 May 2026 had recommended a final dividend of Rs. 10.00/- per equity share of face value Rs. 2/- each for the financial year 2025-26 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Holding Company. <br /> 7. The figures for the quarter ended 31 March 2026 are the balancing figures between the audited figures in respect of full financial year and the unaudited published year-to-date figures upto 31 December 2025 which were subjected to limited review. <br /> Other Expenses2628200000Amount of items that will not be reclassified to profit and loss1100000Share if OCI in Joint Ventures (net)900000200000030000001700000