Shares of SJS Enterprises Limited gained over 2% on Wednesday, September 17, after the company announced that it has entered into a strategic Memorandum of Understanding (MoU) with Hong Kong-based BOE Varitronix Limited. The stock rose 2.56% to Rs 1,475.90, up Rs 36.90, giving the company a market capitalization of Rs 46,300 crore on the NSE.
The MoU, disclosed to stock exchanges on September 16, 2025, outlines technology transfer by BOE Varitronix to SJS Enterprises for establishing assembly and optical bonding operations for automotive display screens in India. The collaboration specifically targets the four-wheeler segment, with provisions to localize cover glass and backlight units.
As per the agreement, both companies have committed to a six-month period of mutual exclusivity, which may extend further subject to feasibility studies and regulatory approvals. The partnership may evolve into a formal Technical Assistance Agreement or Joint Venture if deemed viable.
SJS Enterprises clarified that BOE Varitronix is not related to its promoter group and the transaction does not fall under related party arrangements. The company confirmed that additional disclosures will be provided as material developments occur.
The collaboration represents SJS Enterprises’ strategic move to strengthen its position in the Indian automotive display sector, aligning with India’s push for localization in advanced automotive components.
At the time of writing, SJS shares were trading at Rs 1,475.90, up 2.56% in early trade.
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