In a significant development for India's technology sector, Union Minister Ashwani Vaishnaw has announced the commencement of semiconductor production at manufacturing facilities operated by Kaynes Technology India and CG Power. This marks a crucial step forward in India's ambitions to become a global hub for semiconductor manufacturing.

Key Highlights

• Production Launch: Semiconductor manufacturing has officially begun at plants operated by Kaynes Technology India and CG Power.
• Government Announcement: The news was shared by Union Minister Ashwani Vaishnaw, underscoring the government's focus on this strategic sector.
• Industry Impact: This development is expected to boost India's position in the global semiconductor supply chain.

Significance for India's Tech Sector

The start of semiconductor production at these facilities is a landmark moment for India's technology industry. Semiconductors are crucial components in various electronic devices, from smartphones to automotive systems. By establishing domestic production capabilities, India aims to:

1. Reduce dependence on imports
2. Enhance technological self-reliance
3. Create high-skilled job opportunities
4. Attract further investments in the tech sector

Companies at the Forefront

Kaynes Technology India and CG Power are now at the vanguard of India's semiconductor manufacturing initiative. Their successful commencement of production could pave the way for more companies to enter this high-value sector, potentially transforming India into a significant player in the global semiconductor market.

Looking Ahead

As these manufacturing facilities ramp up production, it will be crucial to monitor:

• The quality and scale of semiconductor output
• The impact on India's electronics manufacturing ecosystem
• Potential collaborations with global tech giants
• Government policies to support and expand the sector

This development aligns with India's broader push towards self-reliance in critical technologies and could have far-reaching implications for the country's economic and strategic positioning in the global tech landscape.

Kaynes Technology India Limited has announced an extension to the notice period of its Chief Executive Officer, Mr. Rajesh Sharma. This development comes as an update to the company's previous announcement regarding Mr. Sharma's resignation.

Key Details of the Extension

Background

Kaynes Technology had initially communicated Mr. Sharma's resignation on September 19, 2025. The company made this announcement in compliance with SEBI Listing Regulations.

Corporate Governance

The extension of Mr. Sharma's notice period demonstrates Kaynes Tech's commitment to ensuring a seamless leadership transition. This move aligns with good corporate governance practices, prioritizing the company's operational continuity.

Regulatory Compliance

Kaynes Technology has duly informed the stock exchanges about this change, adhering to Regulation 30 read with Schedule III-Para A(7C) of Part A of the SEBI Listing Regulations. The company has also complied with the SEBI master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Investor Relations

For further information, investors and stakeholders can access the detailed announcement on the company's official website at www.kaynestechnology.co.in . This transparency in communication underscores Kaynes Tech's commitment to keeping its stakeholders informed about significant corporate developments.

The extension of the CEO's notice period may provide Kaynes Technology with additional time to manage the leadership transition effectively, potentially minimizing any disruptions to its operations and strategic initiatives.