Dixon Technologies (India) Limited announced that its subsidiary and joint venture, Dixon Electro Appliances Private Limited (DEAPL), has entered into an Intellectual Property License Agreement with Aviat Networks (India) Private Limited. The agreement grants DEAPL a limited license to manufacture and sell microwave radios using specified technical know-how.

Agreement details

The Intellectual Property License Agreement was executed on September 30, 2026. Under the terms, Aviat Networks granted DEAPL rights to use specific intellectual property solely for the manufacture, use, offer for sale, and sale of microwave radios. This move is intended to expand DEAPL's manufacturing footprint in the telecom infrastructure sector.

Strategic implications

Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies, stated that the collaboration marks a significant milestone in expanding DEAPL's manufacturing capabilities. He emphasized that the partnership reflects Dixon's commitment to strengthening domestic manufacturing capabilities and supporting the development of a robust supply chain for critical telecom infrastructure in India.

About the partners

Aviat Networks is a provider of wireless transport solutions, having sold more than one million systems across 170 countries. The company serves communications service providers, private network operators, government entities, and utility organizations.

Dixon Technologies is India's largest home-grown design-focused solutions company engaged in manufacturing consumer durables, lighting, mobile phones, and telecom hardware. The company's portfolio includes LED TVs, washing machines, lighting products, mobile phones, wearables, refrigerators, and IT hardware.

Dixon Technologies (India) Limited passed all 12 resolutions at its 33rd Annual General Meeting held on September 28, 2026, via Video Conferencing. Voting results were confirmed by scrutinizer Shirin Bhatt & Associates on September 29, 2026.

The meeting approved the reappointment of Executive Chairman Sunil Vachani as Whole Time Director and Vice Chairman & Managing Director Atul B. Lall as Managing Director. Both appointments are for a term of five consecutive years with effect from May 5, 2027. The AGM commenced at 11:00 am and concluded at 12:25 pm. Eight directors attended, including Vachani and Lall. A total of 84 members participated through the video conferencing platform provided by KFin Technologies Limited. As on the record date of September 21, 2026, the total number of shareholders stood at 4,39,399. Remote e-voting was open from September 25, 2026 to September 27, 2026, and e-voting via Instapoll was conducted during the AGM itself.

Resolutions passed

Shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and approved the declaration of dividend for FY26. Statutory auditors M/s S.N. Dhawan & Co. and secretarial auditor M/s SBYN & Associates LLP issued unqualified opinions for the fiscal year. The remuneration of cost auditors M/s Satija & Associates was also ratified.

Key leadership appointments were confirmed at the meeting. Atul B. Lall was appointed as a director liable to retire by rotation. Special resolutions approved the reappointment of Sunil Vachani as Whole Time Director for five consecutive years, effective May 5, 2027, along with his remuneration. Similarly, the reappointment of Atul B. Lall as Managing Director for five consecutive years, also effective May 5, 2027, was approved. The remuneration payable to Director and Chief Financial Officer Saurabh Gupta for FY 2027-28 was ratified.

Voting summary by resolution

The following table presents the consolidated voting outcome for all 12 resolutions, as reported in the scrutinizer's report:

Note: For resolutions 5 to 9 (material related party transactions), votes of related parties were not considered in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Related party transactions approved

Members approved material related party transactions involving five subsidiaries and joint ventures: Dixon Electro Appliances Private Limited, Padget Electronics Private Limited, IsmartU India Private Limited, Kunshan Q Tech Microelectronics (India) Private Limited, and Dixtel Infocom Private Limited. In line with SEBI Listing Regulations, promoter and promoter group votes were excluded from the count for these resolutions, with only public institutional and non-institutional shareholders' votes considered.

Voting and compliance details

Voting was conducted through remote e-voting and e-voting (Instapoll) at the AGM. The remote voting facility was open from September 25, 2026 (9:00 am) to September 27, 2026 (5:00 pm), after which the platform was blocked. Instapoll remained operational until all resolutions were voted upon. KFin Technologies Limited served as the authorised e-voting service provider and registrar and share transfer agent. The scrutinizer's consolidated report was submitted to the stock exchanges on September 29, 2026, pursuant to Regulation 44 of the SEBI Listing Regulations. Items 1 to 9 were passed as ordinary resolutions with requisite majority, while items 10, 11, and 12 were passed as special resolutions with three-fourths majority of votes cast in favour.