In furtherance to its intimation dated 18 January 2022, informing about the formation of a Joint Venture between Dixon Technologies (India) Limited (Dixon) and Imagine Marketing Limited, announced that Dixon along with Imagine Marketing Limited had jointly formed Califonix Tech and Manufacturing Private Limited, as the Joint Venture company and the subscription money for the same has been paid on 26 August 2022. Industry to which the entity being acquired belongs: Manufacturing Industry. To undertake manufacturing of Bluetooth enabled audio devices.

The entity has been incorporated on 27 April 2022. The Subscription money has been paid on 26 August 2022. Equity shares have been subscribed each by Dixon Technologies (India) Limited and Imagine Marketing Limited in equal proportion at a face value of INR 10 each for a consideration of INR 1,000,000.

50% Shareholding each subscribed by Dixon Technologies (India) Limited and Imagine Marketing Limited.