Dixon technologies has completed the allotment of equity shares under its Employee Stock Option Plan, with the Share Allotment Committee approving the issuance on February 16, 2026. The electronics manufacturing services company informed stock exchanges about this corporate action through a regulatory filing.

Share Allotment Details

The Share Allotment Committee meeting, held on February 16, 2026, resulted in the allotment of 1,16,150 equity shares of Rs. 2/- each. These shares were allotted pursuant to the exercise of stock options under Dixon Technologies (India) Limited - Employee Stock Option Plan, 2020.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure. The capital expansion reflects the conversion of employee stock options into equity shares.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was communicated to both BSE Limited and National Stock Exchange of India Limited, where Dixon Technologies shares are listed under scrip codes 540699 and DIXON respectively.

The allotment was executed under the company's established Employee Stock Option Plan 2020, demonstrating the ongoing implementation of employee incentive programs. The brief duration of the committee meeting, lasting just 15 minutes, indicates the procedural nature of the allotment process.

Dixon technologies has announced a key leadership appointment in its subsidiary operations, bringing aboard an industry veteran to spearhead its IT hardware and new projects initiatives. The appointment reflects the company's strategic focus on expanding its electronics manufacturing capabilities and strengthening its position in the IT hardware segment.

Leadership Appointment Details

The company has appointed Mr. Josh Foulger as President- IT Hardware and New Projects in Padget Electronics Private Limited, its wholly owned and unlisted material subsidiary. The appointment becomes effective from Monday, February 16th, 2026, as announced through a regulatory filing dated February 9th, 2026.

Professional Background and Experience

Mr. Foulger brings extensive industry expertise to his new role, with over 30 years of global experience in Electronics System Design & Manufacturing (ESDM). His career trajectory includes significant leadership positions across major technology companies and manufacturing organizations.

Most recently, he served as CEO of Electronics at Zetwerk, where he successfully led the division's rapid expansion into new manufacturing verticals and integrated key acquisitions to drive significant growth. Prior to this role, he spent nearly a decade as Managing Director of Bharat FIH, part of the Foxconn Technology Group.

International Leadership Experience

Mr. Foulger's international experience includes long-term leadership roles at Nokia, where he played a pivotal role as a primary architect of electronics manufacturing ecosystems in India and Vietnam. This experience positions him well to understand both global manufacturing standards and local market dynamics.

Leadership Philosophy and Strategic Focus

His leadership approach is defined by what he calls the "Four Es" framework:

• Envision: Strategic planning and future-focused thinking
• Equipping: Providing necessary resources and tools
• Empowerment: Enabling team capabilities and autonomy
• Execution: Delivering results through effective implementation

This philosophy emphasizes strategic agility and the development of resilient, diverse teams, which aligns with the evolving needs of the electronics manufacturing sector.

Educational Qualifications and Industry Involvement

Mr. Foulger holds a Master's degree in Industrial Engineering from the University of Texas, Arlington. Beyond his corporate roles, he continues to contribute to the industry through various advisory boards and government councils, demonstrating his commitment to sector development and policy guidance.

Strategic Implications

In his new role at Padget Electronics Private Limited, Mr. Foulger will focus on driving the company's vision for the IT hardware and devices vertical. His appointment is expected to leverage his proven track record of scaling high-growth businesses and integrating sophisticated manufacturing processes to achieve operational excellence. The move positions the subsidiary closer to its goal of achieving industry leadership in the IT hardware segment.