Amber enterprises has submitted a comprehensive response to BSE surveillance addressing queries about a recent news report regarding its partnership with Sharp for air conditioner production in India. The company's stock experienced significant volatility following the news, prompting regulatory scrutiny.

Share Price Movement and BSE Query

The company's shares declined sharply on March 23rd, 2026, following a news report in The Hindu Business Line about the Sharp partnership. The stock movement and related news coverage prompted BSE surveillance to seek clarification from the company.

Company's Response to Regulatory Queries

Amber Enterprises provided detailed responses to four specific queries raised by BSE surveillance. The company emphasized that it has consistently complied with disclosure obligations under SEBI regulations and maintains transparent communication practices.

Regarding the negotiations and events, the company clarified that it routinely engages with new customers as part of its business expansion strategy. Such engagements are conducted in the ordinary course of business and do not involve material negotiations requiring disclosure under Regulation 30 of SEBI regulations.

Materiality and Disclosure Requirements

The company specifically addressed why the Sharp partnership was not disclosed to exchanges prior to the news report. Amber Enterprises stated that the matter does not meet materiality thresholds prescribed under Regulation 30 of SEBI regulations or the company's Policy on Materiality of Events.

Key points regarding disclosure requirements:

• Partnership represents ordinary course of business operations
• Does not constitute Unpublished Price Sensitive Information (UPSI)
• Addition of new customers is normal business practice
• No material negotiations requiring regulatory disclosure

Market Movement Explanation

Amber Enterprises clarified that it is not aware of any undisclosed material information that could explain the trading movement. The company attributed the price movement to market sentiment, demand-supply dynamics, and trading activity of existing and prospective investors.

The company emphasized that the price movement is entirely market-driven, with no connection, control, or role from the company or its management in such movement on the stock exchange platform.

Regulatory Compliance Commitment

In its response, Amber Enterprises reaffirmed its commitment to timely, accurate, and transparent disclosures in compliance with applicable regulatory frameworks. The company assured that appropriate disclosures will be made as and when required under SEBI regulations.

The response was signed by Company Secretary and Compliance Officer Konica Yaadav, demonstrating the company's formal approach to regulatory communication and compliance matters.

Amber Enterprises India Limited has announced its approval to invest approximately ₹296.02 crore in the rights issue of its material subsidiary IL JIN Electronics (India) Private Limited. The Board of Directors of IL JIN Electronics had previously approved raising ₹3,28,12,28,750 through the rights issue of equity shares to support strategic initiatives.

Investment and Shareholding Details

The company will subscribe to the rights issue through cash consideration via normal banking channels. This investment will maintain Amber Enterprises' controlling stake in the subsidiary while supporting IL JIN's capital requirements.

IL JIN Electronics Business Profile

IL JIN Electronics operates as a leading provider of high-precision Electronics Manufacturing Services (EMS), serving multiple sectors including automotive, smart electronics, consumer durables, telecom, healthcare, industrial, renewable energy, aerospace, and defence. The company was incorporated on September 11, 2001, and has over two decades of experience in advanced manufacturing facilities.

Capital Structure Updates

IL JIN has approved increasing its authorized share capital from ₹9,50,00,000 to ₹20,00,00,000. The updated structure comprises ₹16,00,00,000 in equity shares and ₹4,00,00,000 in preference shares. The current paid-up share capital stands at ₹8,06,67,780.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 of SEBI LODR Regulations. While IL JIN qualifies as a related party being a material subsidiary, the acquisition does not fall within the ambit of Related Party Transaction as per Regulation 2(2c)(b)(iii). No governmental or regulatory approvals are required for this acquisition.

The filing was signed by Konica Yaadav, Company Secretary and Compliance Officer of Amber Enterprises India Limited, with complete disclosure details provided in compliance with SEBI master circulars.