This is with reference to the intimation dated 7th April, 2021 and 9th November, 2021, whereby Dixon Technologies (India) Limited had informed the exchanges with regard to Joint Venture Agreement entered into between Dixon, Beetel Teletech Limited and Dixon Electro Appliances Private Limited (JV Company). Pursuant to the terms of the Joint Venture Agreement and share subscription agreement, both dated 9th November, 2021, the JV Company shall be 51% owned by Dixon and 49% owned by Beetel. Consequently, the JV Company has allotted fresh equity shares to Dixon and Beetel on 7th January, 2022.