Amber Enterprises India Limited has extended the timeline for its material subsidiary, IL JIN Electronics (India) Private Limited, to complete the acquisition of the remaining equity stake in MoMagic Wireless Private Limited. The deadline for the second tranche of this acquisition is now September 30, 2026, or another date mutually agreed upon by the parties involved in the Definitive Transaction Agreements.

The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The extension modifies the previously agreed schedule for the transaction between IL JIN Electronics and MoMagic Wireless.

Amber Enterprises stated that the required disclosures under SEBI LODR Regulations, aligned with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were already submitted as Annexure A and Annexure B to its intimation dated February 14, 2026.

A formal update and further relevant disclosures will be made to the stock exchanges in due course as applicable under the regulations. The intimation is also available on the company's official website.

Amber Enterprises India Limited conducted the groundbreaking ceremony for two advanced manufacturing facilities at YIEDA, near Noida International Airport in Jewar, Uttar Pradesh, on June 27, 2026. The event marks a decisive step in the group's expansion to build large-scale technology-intensive manufacturing capabilities, further advancing the vision of 'Aatmanirbhar Bharat'. The ceremony was attended by key dignitaries including Shri Yogi Adityanath, Hon'ble Chief Minister of Uttar Pradesh, Shri Ashwini Vaishnaw, Hon'ble Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology, and Shri Bhupender Yadav, Hon'ble Union Minister of Environment, Forest and Climate Change.

The new projects include a facility for advanced HDI PCBs manufacturing by Ascent-K Circuit Private Limited, spanning 16 acres, and an Ultra Mega AC manufacturing facility by Amber Group spanning 100 acres. The PCB facility is approved under the Electronics Component Manufacturing Scheme (ECMS) by the Ministry of Electronics and Information Technology (MeitY) and brings together the expertise of Ascent Circuits and Korea Circuit Co. The AC facility aims to boost domestic production and scale in a phased manner.

Key Details

Mr. Jasbir Singh, Executive Chairman and CEO of Amber Group, stated that the expansion will deepen domestic value addition and foster innovation in the highly import-dependent PCB segment, while creating employment opportunities in the state of Uttar Pradesh. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.