The board of directors of the JV shall comprise of 4 directors, 2 directors nominated by the company and 2 directors nominated by Kaga. Further, the agreement provides for certain customary rights and restrictions for a joint venture. In the event of either party proposes to transfer its equity shares in JV , the other party will have the right of first refusal.

Both Syrma and Kaga will have reserved matter rights in relation to certain identified decisions of the JVCo. The agreement further includes provisions for future funding requirements, including through rights issues, as well as fall-away rights.

Syrma SGS Technology is an electronic systems design and manufacturing company. It has a pan-India manufacturing footprint with facilities in Chennai, Bangalore, Manesar, Gurgaon, Pune, Jodhpur and Baddi, along with R&D centres in Chennai, Pune, Gurgaon, and Stuttgart, Germany. The company offers a comprehensive range of services, including product design, assembly (PCBA & Box Build), quick prototyping, and tester development services, positioning us as a catalyst for growth in the industry. In addition to EMS, Syrma SGS also provides OEM solutions for RFID tags & inlays, high-frequency magnetic components, and electro-mechanicals.

The company’s consolidated net profit jumped 54.6% to Rs 101.19 crore on 58.5% increase in revenue from operations to Rs 1465.01 crore in Q4 FY26 over Q4 FY25.