Syrma SGS JV Completes Share Allotment, Increases Stake to 75%
Syrma SGS Technology Limited has announced the completion of share issuance and allotment in its joint venture company, Syrma Strategic Electronics Private Limited. This development follows a Joint Ve...
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Why is Syrma SGS Technology Limited in the news today?
Syrma SGS Technology Limited (SYRMA) is in the news due to the company has successfully increased its stake in the joint venture, which is a positive development for its strategic growth and market presence.
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Syrma SGS JV Completes Share Allotment, Increases Stake to 75%
December 30, 2025, 12:56 PM
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Syrma SGS Technology Limited has announced the completion of share issuance and allotment in its joint venture company, Syrma Strategic Electronics Private Limited. This development follows a Joint Venture Agreement entered into on July 15, 2025, with SH Electronic Co. Limited of South Korea. The JV aims to manufacture multi-layer Printed Circuit Boards (PCBs) and Copper Clad Laminates (CCLs) for various sectors including automobile electronics, home appliances, IT, and medical services in India.
As of December 30, 2025, the JV company has allotted 6,70,448 Equity Shares to Syrma SGS Technology Limited and 2,26,816 Equity Shares to SH Electronic Co. Limited. Consequently, Syrma SGS Technology Limited's shareholding in the JV company now stands at 75%, with SH Electronic Co. Limited holding the remaining 25% of the paid-up capital.
This update is in furtherance to the company's previous intimation dated July 15, 2025, and the necessary disclosures under Regulation 30 of the Listing Regulations have been submitted.
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