Syrma Technology (Scrip Code: 543573) disclosed the outcome of its Board meeting held on May 13, 2025. The meeting, which began at 12:30 PM and concluded at 4:35 PM, saw the approval of several significant resolutions to strengthen the company’s financial position and operational strategy.

Approval of Audited Financial Results for FY 2025
The Board approved the audited standalone and consolidated financial results for the fiscal year ended March 31, 2025. The company confirmed that its statutory auditors have issued an unmodified opinion on the financial statements. The integrated filing for FY 2025, which includes all requisite enclosures, has been submitted in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Recommendation for Final Dividend
Syrma Technology’s Board recommended a final dividend of ₹1.50 per equity share (15% of the face value of ₹10 each) for the financial year ended March 31, 2025. The proposed dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The company will provide further details regarding the AGM date and dividend payment schedule.

Fundraising through Qualified Institutional Placement (QIP)
The Board has approved a proposal to raise up to ₹1,000 Crores through a Qualified Institutional Placement (QIP) or other permissible methods. The company plans to use the proceeds for strategic growth initiatives. Further details will be disclosed as the fundraising process progresses.

Incorporation of Wholly Owned Subsidiaries (WOS)
The Board sanctioned the formation of two wholly owned subsidiaries to manufacture electronic components, including bare printed circuit boards, and interface cards. This move aims to enhance the company’s manufacturing capabilities in line with the increasing demand for electronic components.

Appointment of Secretarial Auditors and Cost Auditors
M/s Pragnya Pradhan & Associates has been appointed as the company’s Secretarial Auditors for a term of five consecutive years, commencing from FY 2025-26. Additionally, M/s Umesh Sagta & Associates has been proposed for appointment as Cost Auditors for FY 2025-26, pending shareholder approval.

Internal Auditor Appointment
The Board approved the appointment of M/s Protiviti India Member Private Limited as the company’s Internal Auditors, ensuring continued robust internal controls and audit procedures.

These approvals reflect Syrma Technology’s ongoing commitment to strengthening its financial and operational framework, while also positioning the company for future growth.

About Syrma Technology
Syrma Technology is a leading provider of advanced manufacturing solutions, specializing in the production of electronic components and assemblies. With a strong focus on innovation and quality, the company serves a diverse set of industries including automotive, telecommunications, consumer electronics, and industrial sectors.

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