Kaynes Technology India Limited has achieved a significant milestone in India's semiconductor manufacturing sector by delivering the country's first commercial multi-chip module at its Sanand facility. This development marks a crucial step forward in India's efforts to establish itself in the global semiconductor industry.

Collaborative Effort

The company partnered with Alpha & Omega Semiconductor and Mitsui & Company for this groundbreaking project. This collaboration highlights the importance of international partnerships in advancing India's technological capabilities in the semiconductor field.

Significance for India's Semiconductor Sector

This achievement represents a major leap for India's semiconductor manufacturing capabilities. Multi-chip modules are advanced packaging solutions that integrate multiple integrated circuits into a single unit, offering improved performance and reduced size compared to traditional packaging methods.

Implications for Kaynes Technology

For Kaynes Technology, this development could potentially:

• Enhance its position in the electronics manufacturing services (EMS) sector
• Open up new opportunities in the high-value semiconductor packaging market
• Attract more international partnerships and investments

Industry Impact

The successful delivery of India's first commercial multi-chip module at Kaynes Technology's Sanand facility may have several industry-wide implications:

1. Boost to 'Make in India': This achievement aligns with the government's push for local manufacturing in high-tech sectors.
2. Skill Development: It may lead to increased demand for skilled professionals in semiconductor packaging and testing.
3. Supply Chain Localization: This could be a step towards reducing India's dependence on imported semiconductor components.

Ambitious Growth Plans

In a recent management update, Kaynes Technology announced ambitious growth plans:

• The company expects significant volume growth of over 50-60% in the second half.
• Management anticipates higher profit margins from their new PCB facility compared to current consolidated margins.
• Kaynes Technology has set a revenue target of $1.00 billion by FY28.

While this news marks a significant achievement, it's important to note that sustained efforts and investments will be necessary to establish India as a major player in the global semiconductor industry.

Kaynes Technology's latest accomplishment underscores India's growing capabilities in advanced electronics manufacturing and packaging. As the semiconductor industry continues to evolve, developments like these will be crucial in shaping India's role in the global supply chain.

Kaynes Technology India Limited , a leading player in the electronics manufacturing sector, has confirmed that there were no deviations or variations in the utilization of funds raised through two Qualified Institutional Placements (QIPs) for the quarter and half year ended September 30, 2025.

First QIP Details

The company's first QIP, allotted on December 21, 2023, raised gross proceeds of Rs. 14,000.00 million. After deducting issue expenses of Rs. 260.00 million, the net proceeds stood at Rs. 13,740.00 million.

Second QIP Details

The second QIP, allotted on June 24, 2025, generated gross proceeds of Rs. 16,000.00 million. With issue expenses of Rs. 250.34 million, the net proceeds amounted to Rs. 15,749.66 million.

Fund Allocation for Second QIP

The funds from the second QIP were allocated as follows:

Unutilized Funds

Kaynes Technology reported that the unused funds from both QIP issues have been deposited in scheduled commercial banks and invested in permitted investments as per company policy. This approach ensures that the capital remains secure while awaiting deployment for its intended purposes.

Compliance and Transparency

The company's disclosure of fund utilization demonstrates its commitment to transparency and compliance with regulatory requirements. By confirming no deviations from the stated objectives, Kaynes Technology reassures investors about the proper management and allocation of the raised capital.

Future Outlook

With funds still available for inorganic growth opportunities and general corporate purposes, Kaynes Technology is positioned to pursue strategic initiatives and support its ongoing operations. The company's management of QIP proceeds may contribute to its financial stability in the electronics manufacturing sector.