Noida, February 14, 2026 (IST) – Dixon Technologies (India) Limited (BSE: 540699 | NSE: DIXON) has entered into a Joint Venture Agreement with Longcheer Intelligence Pte. Ltd. and its wholly owned subsidiary Dixtel Infocom Private Limited to strengthen its position in high-growth electronics manufacturing segments.
The agreement, executed on February 14, 2026, formalizes the operational and management framework of the joint venture company. Upon closing, Dixon will hold a 74% stake, while Longcheer will own the remaining 26% on a fully diluted basis.
JV Structure and Shareholding
| Particulars | Details |
|---|---|
| JV Company | Dixtel Infocom Private Limited |
| Equity Holding | Dixon – 74% |
| Longcheer – 26% | |
| Basis | Fully diluted share capital |
| Nature | Domestic Joint Venture |
Business Scope of the Joint Venture
The JV company will focus on the manufacture and supply of:- Smartphones and tablets
- True Wireless Stereo devices
- Smartwatches
- AI PCs
- Automotive electronics
- Healthcare devices
Governance and Key Terms
The agreement outlines a structured governance framework:| Governance Rights | Allocation |
|---|---|
| Board Nomination | Dixon – 2 Directors |
| Longcheer – 1 Director | |
| Shareholder Rights | Pre-emptive participation in future funding |
| Voting Rights | Affirmative voting rights to both parties |
| Transfer Clauses | Right of first offer, tag-along, drag-along rights |
| Other Provisions | Share transfer restrictions, KMP appointments, representations, warranties, termination, dispute resolution |
About Dixon Technologies (India) Limited
Dixon Technologies (India) Limited is listed on the BSE and NSE under the ticker DIXON. Headquartered in Noida, the company is one of India’s leading electronics manufacturing services providers, operating across consumer electronics, lighting, mobile phones, home appliances, and security devices. It serves major domestic and global brands through end-to-end design and manufacturing capabilities.The company continues to expand its manufacturing footprint in line with India's electronics production growth trajectory.
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