Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) Update on acquisition of Equity shares of Syrma Strategic Electronics Private Limited as per Joint Venture Agreement between Syrma SGS Technology Limited ( Company ) Syrma Strategic Electronics Private Limited and SH Electronic Co. Limited (Earlier known as Shinhyup Electronics Co. Ltd).
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Syrma SGS Technology has completed the share allotment in its joint venture company, Syrma Strategic Electronics Private Limited, with South Korea-based SH Electronic Co. Limited. The JV, originally signed on July 15, 2025, is for manufacturing multi-layer Printed Circuit Boards (PCB) and Copper Clad Laminate (CCL) for automobile electronics, home appliances, IT, and medical sectors. A total of 8,97,264 equity shares were issued, with 6,70,448 shares (75%) allotted to Syrma SGS and 2,26,816 shares (25%) to SH Electronic, finalising their stake in the JV at 75:25.
This formalises Syrma's entry into the high-growth PCB and CCL manufacturing space with a global Korean partner, strengthening its backward integration and expanding its addressable market in automotive and electronics. For shareholders, this signals strategic expansion but the financial impact will depend on the JV's execution and capital deployment plans going forward.