Shigan Quantum Technologies Ltd Company Summary

Shigan Quantum Technologies Limited was originally incorporated as Shigan Quantum Technologies Private Limited on October 20, 2008 at New Delhi as a Private Limited Company with the Registrar of Companies, NCT of Delhi and Haryana. Subsequently, Company got converted into Public Limited Company and the name of Company was changed to Shigan Quantum Technologies Limited and a Fresh Certificate of Incorporation dated October 12, 2021 was issued by Registrar of Companies, Delhi. The Company is engaged in the business of designing, developing and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems to OEMs and others.

The Company manufacture Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications. The Company has diversified into the Fire Detection & Alarm System and Fire Detection & Suppression System (FDAS & FDSS) manufacturing since April, 2020. Further, with the Ministry of Road Transport and Highways (MORTH) mandating fire protection systems in school buses effective October 1, 2023, the Company has strategically explored the Fire Protection System (FPS) market as well.

Furthermore, it has entered the Surface Mounting Technology (SMT) business, focusing on electronic circuit board production systems and related equipment such as printing and inspection machines. The Company implemented a fully automated SMT line designed to deliver cutting-edge manufacturing capabilities. In March 2022, the Company raised funds through Initial Public Offer by allotting 45,39,000 Equity Shares aggregating to Rs.

22.7 Crores through Fresh Issue. A subsidiary Company is present in Singapore namely E- Mobility Exim Pte. Ltd.

which was acquired on 10th June, 2022. Further, the Company acquired 100% shareholding of Shigan Electronics Private Limited by purchasing 250000 Equity share capital of the SEPL for bringing EMS/EV Business under single roof.