India's smartphone market is bracing for a challenging period ahead as the ongoing global memory chip shortage continues to create significant disruptions across the industry. According to Dixon Technologies , the shortage has led to sharp increases in component prices, which is expected to result in a market slowdown next year.

Impact of Global Memory Chip Shortage

The global memory chip shortage has emerged as a critical factor affecting smartphone manufacturing costs. Dixon Technologies has identified this shortage as a key concern for the Indian smartphone market. The scarcity of memory chips has created supply chain bottlenecks, forcing manufacturers to deal with elevated component costs that are being passed through the production chain.

Rising Component Prices

The sharp increase in component prices represents a significant challenge for smartphone manufacturers operating in India's price-sensitive market. These cost pressures are expected to impact production volumes and potentially affect the affordability of smartphones for consumers. The price escalation in memory chips and related components has created a ripple effect throughout the manufacturing ecosystem.

Market Outlook

The anticipated slowdown in India's smartphone market reflects the broader challenges facing the global electronics industry. The combination of supply constraints and rising costs is expected to influence market dynamics in the coming year. Industry players are navigating these challenging conditions while assessing the impact on production schedules and market positioning.

The ongoing situation highlights the interconnected nature of global supply chains and their impact on regional markets like India, where smartphone adoption and manufacturing have been key growth drivers in recent years.

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.