Major Business DevelopmentsVivo Joint Venture Subsidiary: Dixon is in the final stages of incorporating a new subsidiary

$DIXON 📰 Major Business DevelopmentsVivo Joint Venture Subsidiary: Dixon is in the final stages of incorporating a new subsidiary, Adivistar Electronics India Private Limited, holding a 51% stake alongside Vivo Mobile India (49%). Backed by government approvals, this entity will focus on original equipment manufacturing (OEM) for smartphones, with revenues expected to flow starting the October–December 2026 quarter.$220 Million Guarantee to Lenovo: The company issued a continuing and irrevocable corporate guarantee worth USD 220 million to Lenovo Ireland on behalf of its material wholly owned subsidiary, Padget Electronics. This backs Padget's IT hardware component procurement obligations under the ongoing Production Linked Incentive (PLI) 2.0 laptop ***** Quarterly Performance: For the June 2026 quarter (Q1 FY27), revenue rose 21% year-over-year to ₹15,548 crore, driven heavily by telecom and mobile volumes. While headline net profit surged to ₹718 crore, the operational results included a substantial one-off gain of ₹519 crore, with core adjusted EBITDA margins narrowing to roughly 3.03%.