Amber Enterprises India Limited has completed a strategic acquisition that strengthens its corporate structure and expands its operational control. The company announced the successful completion of acquiring the remaining equity stake in one of its joint venture partners, marking a significant milestone in its growth strategy.

Acquisition Details

The transaction involved Amber Enterprises acquiring the remaining 50% stake in the equity share capital of Amber Resojet Private Limited. The acquisition was completed on 10th April 2026, transforming the business relationship between the two entities.

Corporate Structure Change

The completion of this acquisition has resulted in a fundamental change in the corporate relationship between the companies. Amber Resojet Private Limited has ceased to be a joint venture of Amber Enterprises and has now become a wholly owned subsidiary. This transition provides Amber Enterprises with complete operational control and decision-making authority over Amber Resojet's business activities.

Regulatory Compliance

Amber Enterprises has ensured full compliance with regulatory requirements throughout the acquisition process. The company has submitted all necessary disclosures required under SEBI LODR Regulations, following the guidelines specified in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026.

The company had previously informed the stock exchanges about this acquisition through an earlier intimation dated 3rd April 2026, and has now provided the completion update as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Communication

Amber Enterprises has formally notified both BSE Limited and National Stock Exchange of India Limited about the completion of this acquisition. The company has also made this information available on its official website at www.ambergroupindia.com , ensuring transparency and accessibility for all stakeholders including investors, analysts, and business partners.

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.