Syrma SGS Technology Limited announced that Syrma SGS Technology Limited ('the Company') has incorporated a Wholly Owned Subsidiary Company named 'Syrma SGS Electronics Private Limited' on March 03, 2023. Certificate of Incorporation has been received on registered email on April 03, 2023., Size/Turnover: Not applicable (since it is a newly incorporated company), Whether the acquisition would fall within related party transaction(s) and whether the same is done at "arm's length", The newly incorporated company being a subsidiary will be a Related Party. The initial investment in the said wholly-owned subsidiary would be Related Party Transaction and will be considered to be at Arms' Length., The company is the Promoter of the said wholly-owned subsidiary.

Save and except as mentioned above, the Company is not interested in any other manner., Industry to which the entity being acquired belongs, Electronics Design, Manufacturing and Services., Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity). To carry on the business of designers and manufacturers, buyers, sellers, assemblers, exporters, importers, distributors, agents, and dealers in memory chips, memory modules, PCB assemblies and other storage products, printers, readers magnetic or otherwise, CRT displays and terminals and all other electronic and communication equipment and parts, components, assemblies and subassemblies to be used in the computer and electronic industry including voice coils, voice coil actuator assembly, antenna coils, smart cards and radio frequency identification devices.