Amber Enterprises India Limited has executed a Share Purchase Agreement (SPA) to acquire the remaining 50% equity stake in Amber Resojet Private Limited for approximately INR 1.74 crore. The Strategic Alliance Committee of the Board of Directors approved this acquisition on April 3, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Overview

The company entered into the SPA with LCGC Resolute Appliances LLP, the existing joint venture partner, for acquiring 10,000 equity shares representing 50% of the paid-up share capital of Amber Resojet. Upon completion, Amber Resojet will cease to be a joint venture and become a wholly owned subsidiary of Amber Enterprises.

About Amber Resojet Private Limited

Amber Resojet Private Limited was incorporated on April 18, 2022, with its registered office in Telangana. The company operates in the consumer durables and home appliances industry, specializing in manufacturing, assembling, and designing fully automatic top-loading and front-loading washing machines.

Financial Performance

Amber Resojet has demonstrated significant growth in turnover over recent financial years:

Strategic Rationale and Impact

The primary objective of this acquisition is to restructure the existing joint venture arrangement into a wholly owned subsidiary structure to achieve the company's long-term strategic goals. Upon completion, Amber Enterprises will hold 100% equity share capital of Amber Resojet and gain full board control.

Regulatory and Compliance Aspects

The transaction falls within the ambit of related party transactions under SEBI LODR Regulations 2015 and the Companies Act 2013, as Amber and LCGC Resolute Appliances LLP are related parties. The company has confirmed that the transaction is conducted on an arm's length basis and requires no governmental or regulatory approvals.

Agreement Termination

The execution of this Share Purchase Agreement results in the termination of the existing investment-cum-joint venture agreement dated March 21, 2024. The joint venture agreement stands terminated following the seller's complete exit from Amber Resojet, with certain provisions surviving termination as per the original agreement terms.

Amber enterprises India Limited has successfully completed a major acquisition through its subsidiary, marking a significant milestone in the company's strategic expansion plans. The transaction involves a substantial equity investment in the wireless technology sector.

Acquisition Details

IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises, has completed the first tranche acquisition of MoMagic Wireless Private Limited. The transaction was finalized on April 3, 2026, representing a strategic entry into the wireless technology space.

Transaction Structure

The acquisition was executed through subscription to fresh equity shares allotted by MoMagic Wireless to IL JIN Electronics. This structure indicates that the investment will provide fresh capital to MoMagic rather than being a secondary market transaction. The total consideration of ₹19,99,99,981.12 represents a significant investment commitment by the Amber Enterprises group.

Regulatory Compliance

Amber Enterprises has maintained full transparency regarding this acquisition, with all necessary regulatory disclosures completed in advance. The company had previously submitted the required documentation to stock exchanges on February 14, 2026, including:

• Comprehensive disclosures under SEBI LODR Regulations
• Documentation as per SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
• Annexure A and Annexure B containing detailed transaction information

Strategic Significance

This acquisition represents the first tranche of Amber Enterprises' investment in MoMagic Wireless, suggesting potential for further equity participation in future tranches. The investment through IL JIN Electronics, identified as a material subsidiary, demonstrates the company's commitment to leveraging its subsidiary network for strategic growth initiatives.

The completion of this transaction strengthens Amber Enterprises' portfolio diversification and positions the company in the wireless technology sector through its subsidiary structure.