Smartlink Holdings Limited Surrenders NBFC License, Shifts Focus to Electronics Manufacturing

Mumbai, February 1, 2025 – Smartlink Holdings Limited (BSE: 532419, NSE: SMARTLINK) has officially surrendered its Non-Banking Financial Company (NBFC) Certificate of Registration, transitioning its core business focus to electronics and IT product manufacturing, the company announced in a regulatory filing today.

Key Developments:​

1. Amalgamation with Synegra EMS Limited
   Smartlink Holdings merged with its wholly owned subsidiary, Synegra EMS Limited, following the Hon’ble National Company Law Tribunal (NCLT) approval. The merger became effective upon filing the certified order with the Registrar of Companies, Goa.
2. NBFC License Surrendered
   In line with the Reserve Bank of India’s (RBI) no-objection letter, Smartlink has surrendered its NBFC Certificate of Registration dated May 2, 2018. As of the merger's effective date, the company has ceased to operate as an NBFC.
3. Shift in Business Focus
   Post-merger, Smartlink’s primary business will be manufacturing electronic and IT products, including contract manufacturing for original equipment manufacturers (OEMs)—a segment previously handled by Synegra.

Regulatory Compliance & Industry Transition​

• The company has submitted regulatory disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015.
• Smartlink was earlier categorized as an NBFC-Non-Deposit Taking, Non-Systemically Important (NBFC-NDNSI, Base Layer).
• The transition aligns Smartlink with India's booming electronics manufacturing sector, capitalizing on the government's "Make in India" and PLI (Production Linked Incentive) schemes.

Future Outlook​

With a renewed focus on electronics manufacturing, Smartlink aims to strengthen its position in OEM contract manufacturing. While financial projections or investments were not disclosed, the company anticipates long-term growth in the high-demand IT and electronic products segment.