Dixon Technologies (India) Limited, a leading electronic manufacturing services company, has received shareholder approval for key board appointments through postal ballot results declared on December 23, 2025. The shareholders approved the appointment of Mr. Saurabh Gupta as Director-Finance for a five-year term and the re-appointment of Dr. Rakesh Mohan as Non-Executive Independent Director.

Shareholder Approval Confirms Board Appointments

The company announced that shareholders have formally approved two critical board appointments through postal ballot. The appointments, initially approved by the Board of Directors on October 17, 2025, have now received the necessary shareholder endorsement as required under regulatory provisions.

Experienced Financial Leader Joins Dixon Technologies

Mr. Gupta brings over 22 years of experience in finance and strategy across various sectors, including manufacturing, cinema, real estate, and consulting. His appointment comes at a time when Dixon Technologies is showing strong financial performance, as evidenced by their recent financial results.

Professional Background and Expertise

Mr. Saurabh Gupta's credentials include:

• Chartered Accountant and Company Secretary qualifications
• MBA from MDI Gurgaon
• Advanced Management Program certification from Harvard Business School

His areas of expertise encompass:

• Capital raising (equity and debt)
• Risk and treasury management
• Investor relations
• Strategy formulation
• Mergers and acquisitions
• Corporate governance and leadership

Professional Accolades and Recognition

Mr. Gupta has received multiple professional honors throughout his career, including:

• Best CFO in Manufacturing Infrastructure by the Institute of Chartered Accountants of India (2020)
• Young CFO of the Year by CII CFO Excellence Awards (2021)
• Emerging CFO of the Year - Large by ET CFO (2025)

Prior to joining Dixon Technologies, Mr. Gupta held positions at notable companies such as PVR Ltd., Unitech, and McKinsey & Company.

Dr. Rakesh Mohan's Continued Leadership

Dr. Rakesh Mohan's re-appointment as Non-Executive Independent Director for a second five-year term reflects the company's confidence in his expertise. Dr. Mohan brings extensive experience in economics and policy, holding degrees from Imperial College London, Yale University, and Princeton University. He currently serves as President and Distinguished Fellow of the Centre for Social and Economic Progress (CSEP), New Delhi.

Dixon Technologies' Recent Financial Performance

The board appointments align with Dixon Technologies' strong financial trajectory. According to the company's recent consolidated financial results:

The company has demonstrated substantial growth, with revenue from operations increasing by 52.87% year-over-year for the first half of FY2026. The profit after tax has also shown a remarkable increase of 85.84% compared to the same period in the previous year.

Strategic Implications

The confirmed appointments of Mr. Saurabh Gupta as Director-Finance and Dr. Rakesh Mohan's continued role as Independent Director are expected to strengthen Dixon Technologies' financial strategy and governance framework. Mr. Gupta's extensive experience in capital raising and mergers and acquisitions could support the company's growth initiatives, while Dr. Mohan's economic expertise will continue to guide strategic decision-making.

Both appointees have been confirmed as not being debarred from holding director positions by SEBI or any other regulatory authority, ensuring compliance with corporate governance requirements.

Dixon Technologies shareholders have approved all four special resolutions through postal ballot voting, with results declared on December 23, 2025. The voting results demonstrate strong shareholder support for key corporate governance decisions, including executive compensation adjustments and strategic appointments.

Postal Ballot Process and Regulatory Compliance

The postal ballot was conducted via remote e-voting platform provided by KFin Technologies Limited from 09:00 A.M. IST on November 23, 2025, to 05:00 P.M. IST on December 22, 2025. M/s Shirin Bhatt Associates, Practicing Company Secretaries, served as the scrutinizer for the voting process. The voting rights were determined based on the cut-off date of November 18, 2025.

The process was conducted in full compliance with Sections 108 and 110 of the Companies Act, 2013, along with relevant SEBI Listing Regulations and MCA Circulars. The company dispatched the postal ballot notice dated October 17, 2025, in electronic form only to all eligible members.

Executive Remuneration Approvals

Shareholders approved increased managerial remuneration for two key executives exceeding statutory limits under the Companies Act, 2013:

The promoter and promoter group category showed unanimous support (100.00%) for both resolutions, while public institutions and non-institutions demonstrated varying levels of approval across the two proposals.

Key Appointments Approved

Two significant directorial appointments received shareholder approval through special resolutions:

Director-Finance Appointment

Shareholders approved the appointment of Mr. Saurabh Gupta (DIN: 09685338) as Director-Finance for a five-year consecutive term along with his remuneration package. The resolution received 91.00% approval with 4,65,32,708 votes in favour and 46,02,012 votes against.

Independent Director Re-appointment

The re-appointment of Dr. Rakesh Mohan (DIN: 02790744) as Non-Executive Independent Director for a second five-year term was approved with 99.41% support. This resolution also included approval for his continuation in office beyond 75 years of age, receiving 5,06,32,849 votes in favour and only 3,01,291 votes against.

Voting Pattern Analysis

The voting results revealed distinct patterns across shareholder categories:

The promoter group maintained consistent 100% approval across all resolutions, while public institutions showed more varied voting patterns, particularly on executive compensation matters. The scrutinizer's report confirmed that all procedural requirements were met throughout the voting period.

The approved resolutions strengthen Dixon Technologies' leadership structure and provide necessary regulatory approvals for executive compensation arrangements, positioning the company for continued strategic execution under its current management team.