Syrma SGS Technology Limited has announced an extension of the timeline for its strategic acquisition of Ksolare Energy Private Limited. The company notified stock exchanges on February 21, 2026, regarding the revised schedule for completing the transaction.

Transaction Details

The acquisition involves a 49% equity stake in Ksolare Energy Private Limited, structured as a joint venture with Premier Energies Limited. All parties involved have mutually agreed to extend the Long-Stop Date for fulfilling conditions precedent.

Regulatory Compliance

The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. Syrma SGS Technology has maintained transparency by providing regular updates to stakeholders through multiple disclosures since the initial announcement in October 2025.

Corporate Communication

The formal communication was signed by Bhabagrahi Pradhan, Company Secretary (Membership No. F4921), from the company's Gurgaon office. The disclosure documents have been made available on the company's official website under the investor relations section for stakeholder access.

This extension provides the parties with additional time to complete the necessary regulatory approvals and commercial arrangements required for the successful completion of the acquisition in the renewable energy sector.

Syrma SGS Technology Limited has delivered robust financial performance for Q3FY26, with the company reporting significant growth across all key metrics during its earnings call held on January 30, 2026. The electronics manufacturing services provider announced a 45% year-on-year revenue growth to ₹1,274 crores, driven by strong performance across all business verticals.

Strong Financial Performance Across Metrics

The company's financial results for Q3FY26 demonstrate exceptional growth momentum across all parameters. Operating EBITDA surged 101% to ₹159 crores compared to ₹79 crores in Q3FY25, while PBT and PAT both registered approximately 108% growth during the quarter.

Nine-Month Performance Exceeds Guidance

For the nine months ended December 31, 2025, Syrma SGS achieved revenue of ₹3,380 crores with operating EBITDA of ₹370 crores, representing a 78% year-on-year growth. The company's export business reached ₹837 crores during the nine-month period, marking a 45% increase from ₹576 crores in the corresponding period last year.

Broad-Based Growth Across All Verticals

Managing Director J.S. Gujral highlighted the secular growth across all business verticals during the earnings call. The automotive segment grew 30%, med-tech expanded 31%, industrial increased 29%, and IT/railways showed robust 70% growth from a lower base. Export business mix improved to approximately 25% for the nine-month period compared to 22.5% in the previous financial year.

Strategic Developments and Future Outlook

The company completed the acquisition of Elcome during the quarter, which contributed ₹12 crores to consolidated EBITDA for approximately 15-16 days of operations. Syrma SGS expects Elcome to generate ₹280-300 crores revenue annually, with margins upwards of 20-25% in the defence vertical.

The PCB manufacturing project remains on track with construction expected to complete by June-July 2026. The company plans to invest ₹360-400 crores in the first phase, creating capacity for 720,000 square meters of multilayer lines and 480,000 square meters of single layer PCBs, with trial production scheduled for December 2026.

Guidance and Market Position

For FY26, the company maintains confidence in achieving ₹500+ crores EBITDA, representing 55-57% growth against the targeted 30%. The management projects 30% growth in both revenue and EBITDA for FY27, with export revenue expected to cross ₹1,100 crores. The company's order book visibility stands at ₹6,400 crores, with automotive contributing 31%, consumer 25%, and industrial 27%.

Syrma SGS also achieved gold rating from EcoVadis for ESG compliance, positioning among the top 5% companies globally, upgraded from bronze rating in the previous year. The recent India-EU FTA agreement is expected to provide long-term tailwinds for the company's European operations, where it has maintained presence for over two decades through its Stuttgart facility.