Dixon Technologies share price jumps 6% after securing MEITY approval for display module manufacturing

Shares of Dixon Technologies jumped nearly 6% on Tuesday after the company secured approval for manufacturing display modules from the Ministry of Electronics and Information Technology. The shares surged to ₹10,530 apiece on the NSE on Tuesday morning.

According to the exchange filing, Dixon Display Technologies Private LTD (DDTPL) a wholly owned subsidiary of Dixon Technologies, will sell 26% stake in the subsidiary to HKC Overseas Ltd to team up in manufacturing display modules in India.

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India (“MEITY”) under Press Note 3 for investment by HKO in DDTPL pursuant to the Proposed Transaction.

Press Note 3 prescribes that an entity of a country sharing a land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government Approval route.

This approval received from MEITY by Dixon today is an approval under Press Note 3 for the proposed investment by HKC into DDTPL, i.e. the proposed joint venture company. The detailed terms and conditions of the approval are prescribed in the Approval Letter.

DDTPL will carry on the business of development, manufacturing and distribution of liquid crystal modules and thin film transistor liquid crystal display modules and other advanced display modules, to support industries such as mobile phones, notebooks, automotive displays, televisions, monitors, and industrial displays, etc.

The joint venture will strengthen domestic industries using displays, reduce reliance on international suppliers, and boost manufacturing capabilities in electronics and automotive sectors while supporting component ecosystems under ‘Make in India.’ The formation of the joint venture and HKC’s investment remain subject to the completion of the conditions precedent under the SSHA, in addition to the PN3 Approval.

Shares of Dixon Technologies have erased 45% of the gains from the record high level within six months period. The shares posted a record high level of ₹18,471 in September 2025 and fell to a new 52-week low of ₹9,630 apiece on Monday.