Syrma SGS Technology Limited has issued a regulatory clarification following media reports about its significant investment plans in Andhra Pradesh. The company responded to exchange queries regarding news coverage of its Rs 1,595 crore manufacturing project, emphasizing that this development had already been properly disclosed to investors.

Previous Disclosure Timeline

The electronics manufacturing company clarified that the investment announcement was not new information. The original disclosure was made to stock exchanges on September 10, 2025, followed by an additional update on December 01, 2025. Company Secretary Bhabagrahi Pradhan confirmed that all relevant documentation had been previously submitted to both NSE and BSE.

Investment Project Details

The substantial investment involves establishing comprehensive manufacturing facilities in Andhra Pradesh through a strategic partnership. The project encompasses multiple manufacturing capabilities designed to strengthen India's electronics ecosystem.

Manufacturing Facilities Scope

The approved project will establish multiple specialized manufacturing units at the Naidupeta location. The facilities are designed to serve various sectors including automotive, home appliances, IT, and medical services.

Planned Manufacturing Units:

• Single, multilayer, HDI, and Flex printed circuit boards manufacturing facility
• Copper Clad Laminate (CCL) manufacturing facility
• Electronics Manufacturing Services (EMS) facility
• Research and Development facility

Government Incentives and Support

The Andhra Pradesh government has approved comprehensive support for the project under multiple policy frameworks. The state has committed to providing land through APIIC and various incentive packages to support the manufacturing initiative.

Strategic Partnership Benefits

The joint venture with South Korea's Shinhyup Electronics brings international expertise to the Indian manufacturing landscape. This collaboration combines global engineering precision with India's growing manufacturing capabilities, positioning the facility for enhanced competitiveness in the electronics sector.

Managing Director J S Gujral emphasized the project's significance for India's electronics manufacturing ecosystem, highlighting the company's commitment to developing integrated, next-generation production capabilities. The Naidupeta facility represents a key component of Syrma SGS's broader expansion strategy in the high-growth electronics sector.

Syrma SGS Technology Limited has announced a significant leadership transition with the appointment of Mr. Jayesh Nagindas Doshi as Whole Time Director. The decision was approved during a board meeting held on March 23, 2026, marking a strategic move to strengthen the company's executive leadership structure.

Board Meeting Details and Appointment Terms

The Board of Directors convened on March 23, 2026, from 6:45 p.m. to 7:45 p.m., where they considered and approved Mr. Doshi's appointment based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to shareholder approval and will be effective from April 01, 2026.

Professional Background and Expertise

Mr. Jayesh Nagindas Doshi brings extensive experience to his new role as Whole Time Director. He is a Chartered Accountant and Law graduate from Bombay University with approximately 37 years of professional experience, having started his career in 1986. His expertise spans multiple industries including cement, shipping, offshore oil services, real estate, hospitality, pharmaceuticals, and Electronic Manufacturing & Services.

Since January 2021, Mr. Doshi has been associated with the Tandon Group, where he serves as Investment Director responsible for Organization Development, Strategy, and Capital Allocation. He has been instrumental in leading the public market initiatives of the Tandon Group and successfully managed Syrma SGS's Initial Public Offering in August 2022, which was oversubscribed 35 times and listed at a significant premium to the IPO price.

Previous Leadership Experience

Before joining the Tandon Group, Mr. Doshi served as Whole Time Director & Group CFO of Dalmia Bharat Ltd, a company with business interests in cement (3rd largest in India), sugar (5th largest in India), and refractory (2nd largest in India). In this role, he was responsible for capital allocation and overseeing finance & strategic growth functions.

His career also includes leadership positions with several prominent organizations:

• Panchshil Realty Group of Pune
• Knowledge Infrastructure Group
• DB Group
• Ican Investments
• Mercator Lines Limited
• Ambuja Cements

Strategic Rationale and Compliance

The company stated that the appointment is part of internal restructuring, considering the significant role Mr. Doshi plays in the organization. The transition from Non-Executive Director to Whole Time Director reflects the company's confidence in his leadership capabilities and strategic vision.

The appointment complies with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Doshi is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, ensuring full regulatory compliance.

This leadership appointment positions Syrma SGS Technology Limited to leverage Mr. Doshi's extensive experience in corporate finance, mergers and acquisitions, and strategic investments as the company continues its growth trajectory in the technology sector.