Syrma SGS Technology Ltd has appointed Jaidit Singh Brar as its new Chief Executive Officer, effective June 29, 2026. The leadership change follows a decision by the Board of Directors on June 26, 2026, based on the recommendation of the Nomination and Remuneration Committee. Satendra Singh, the former Chief Executive Officer, has transitioned to the role of Senior Operating Director effective immediately from June 26, 2026.

Brar is an MBA from IIM Calcutta and brings over 25 years of distinguished experience in industry and consultancy. Prior to joining Syrma SGS , he served as a Senior Partner at McKinsey & Company. His professional background includes extensive exposure to multiple P&L impacts, turnaround, and transformation projects.

The new appointee currently serves as an Independent Director on the Boards of Exide Industries and Tenneco Clean Air. In these roles, he has worked closely with management on scaling up new businesses and initial public offerings (IPOs). The disclosure regarding this appointment was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The table below summarizes the key changes in the company's leadership structure:

Syrma SGS Technology Ltd has entered into an agreement with Kaga Electronics India Private Limited to establish, develop, and operate a state-of-the-art Electronics Manufacturing Services (EMS) facility in India. The joint venture aims to leverage advanced technology to serve Japanese clients. Syrma SGS Technology Limited will hold a 60% ownership stake in the proposed Joint Venture Company (JVCo), while Kaga Electronics India Private Limited will hold the remaining 40%.

The agreement, dated June 22, 2026, outlines that Syrma SGS Technology Limited will invest an aggregate amount of approximately INR 15 Cr for its stake. Kaga Electronics India Private Limited will invest INR 10 Cr for its share. The transaction is subject to customary conditions precedent and closing conditions as specified in the agreement. Future share issuances will be conducted at fair market value, determined by a valuation report in accordance with applicable laws.

Governance and Structure

The Board of Directors of the JVCo will consist of four members, with two directors nominated by Syrma SGS Technology Limited and two by Kaga Electronics India Private Limited. The agreement includes customary rights and restrictions typical for joint ventures. These provisions cover share transfer rights, including a right of first refusal for both parties during equity share transfers by the other.

Key Terms and Rights

The agreement stipulates that both Syrma SGS Technology Limited and Kaga Electronics India Private Limited possess reserved matter rights regarding specific identified matters. Additionally, the terms include provisions for future funding of the JVCo, such as rights issues, and fall away rights. The filing confirms that the transaction does not fall within related party transactions and that the parties are not related to the promoter or promoter group companies.