Syrma SGS Technology Limited has incorporated a Wholly Owned Subsidiary Company ("WOS") named `Syrma Semicon Private Limited'. The initial investment in the Wholly Owned Subsidiary ("WOS") would be Related Party Transaction and will be considered to be at Arms' Length. The required approval under Companies Act, 2013 from Board/Committee is already obtained.

Industry to which the entity being acquired belongs: Electronics Design, Assembly and Manufacturing.