Syrma SGS Technology Limited announced on Tuesday, July 15, 2025, that it has executed a joint venture (JV) agreement with South Korea-based Shinhyup Electronics Co. Ltd and its wholly owned subsidiary, Syrma Strategic Electronics Private Limited. The collaboration aims to manufacture multi-layer printed circuit boards (PCBs), including flexible PCBs and related products.
According to the filing, Syrma SGS will initially hold a 75% stake in the newly formed joint venture company, while Shinhyup Electronics will own the remaining 25%. The agreement specifies that Syrma SGS will have the right to nominate and appoint the majority of the directors on the board of the JV company.
The JV does not constitute a related party transaction, as neither party is related to the promoter or promoter group of Syrma SGS Technology Limited. The company also confirmed that the transaction is structured at arm’s length and does not involve any conflict of interest.
This move aligns with Syrma SGS’s strategy to strengthen its manufacturing capabilities in advanced PCB technologies, which are critical components for a wide range of electronics applications globally.
The agreement was executed on July 15, 2025, and no details regarding any termination clauses or amendments were reported at this time.
Disclaimer: The information provided is for informational purposes only and is based on publicly available disclosures. It should not be construed as financial or investment advice. Investors are advised to exercise caution and consult their financial advisors before making any investment decisions.
