Syrma SGS Technology Limited, a prominent player in the technology industry, has announced significant changes to its board of directors following its 21st Annual General Meeting (AGM). The company has appointed Mr. Sudeep Tandon as a Non-Executive Non-Independent Director, replacing Mr. Jaideep Tandon, who retired by rotation and chose not to seek reappointment.

New Appointment

Mr. Sudeep Tandon brings a wealth of experience to his new role at Syrma SGS Technology. With a diverse background in the technology sector, he has worked across various capacities in California, Boston, South Korea, and the UK. Currently, Tandon serves as the Managing Director of Infinx Services Private Limited, a leading technology platform focused on addressing administrative challenges for healthcare providers in the United States.

Prior to his current position, Sudeep Tandon held the role of Chief Business Officer (CBO) at Freecharge, one of India's largest internet commerce ventures. His tenure at Freecharge was notable, as the company was acquired by Snapdeal.com in what was considered one of India's largest mCommerce deals at the time.

Board Dynamics

It's worth noting that Sudeep Tandon is related to Mr. Sandeep Tandon, serving as his brother. This familial connection adds an interesting dynamic to the board's composition.

Outgoing Director

Mr. Jaideep Tandon, who has stepped down from his position, retired by rotation at the AGM. His decision not to seek reappointment marks a transition in the company's leadership structure.

AGM Highlights

The 21st AGM of Syrma SGS Technology Limited was conducted through video conferencing, in line with current corporate governance practices. The meeting began at 4:00 PM IST and concluded at 4:50 PM IST, including a 15-minute e-voting period for shareholders.

During the AGM, several key resolutions were presented for shareholder approval, including:

1. Adoption of audited financial statements
2. Declaration of dividend on Equity Shares
3. Appointment of Mr. Sudeep Tandon as Director
4. Ratification of remuneration for Cost Auditors
5. Appointment of Secretarial Auditors
6. Approval for raising funds through preferential issue to qualified institutional investors

The company assured shareholders that the voting results, along with the Scrutinizer's Report, would be submitted to the stock exchanges and made available on the company's website in due course.

These board changes and the outcomes of the AGM reflect Syrma SGS Technology's commitment to corporate governance and strategic growth in the technology sector.

Syrma SGS Technology Limited has received a significant boost for its expansion plans in Andhra Pradesh. The company announced that the Government of Andhra Pradesh has approved its joint venture with South Korea's Shinhyup Electronics Co. Ltd., marking a major milestone in the company's growth strategy.

Key Highlights of the Approval

• Land Allotment: The government has approved the allotment of 26.70 acres of land at Menakuru Village, Naidupeta, Andhra Pradesh.
• Investment: The joint venture involves a total investment of INR 1,595.00 crores.
• Manufacturing Focus: The facilities will produce multi-layer Printed Circuit Boards (PCBs), Copper Clad Laminates (CCLs), and provide Electronics Manufacturing Services (EMS).
• Target Industries: The products will cater to automobile electronic equipment, home appliances, IT, and medical services sectors.

Incentives and Policy Support

The Andhra Pradesh government has extended substantial support to the project under its electronics manufacturing policies:

• The joint venture is eligible for incentive packages under the Andhra Pradesh Electronics Components Manufacturing Policy 4.0 (2025-30).
• Early-bird incentives are available for the project.
• A significant 75% subsidy on land cost has been approved.

Project Details

According to the company's filing with the stock exchanges, the manufacturing and R&D facility will focus on:

1. Single, multilayer, HDI, and Flex printed circuit boards
2. Copper Clad Laminate manufacturing
3. Electronics Manufacturing Services

Timeline and Background

• The original joint venture agreement between Syrma SGS Technology and Shinhyup Electronics was signed on July 15, 2025.
• The Andhra Pradesh government's approval order is dated September 9, 2025.

Management Commentary

Bhabagrahi Pradhan, Company Secretary & Compliance Officer of Syrma SGS Technology Limited, stated in the regulatory filing, "We are pleased to inform that the Government of Andhra Pradesh has approved our proposals for establishing manufacturing facilities in Naidupeta. This approval marks a significant step in our expansion strategy and strengthens our position in the electronics manufacturing sector."

Market Impact

The approval is expected to have a positive impact on Syrma SGS Technology's long-term growth prospects. The company's focus on high-tech electronic components and services aligns with India's push to become a global electronics manufacturing hub.

Investors and industry observers will be keenly watching the progress of this joint venture, as it represents a substantial investment in the electronics manufacturing sector and could potentially create numerous job opportunities in the region.

As Syrma SGS Technology moves forward with this ambitious project, it is poised to enhance its manufacturing capabilities and expand its market presence in the rapidly growing electronics industry.