Amber Enterprises incorporates subsidiary for mobile phone manufacturing

scanx
Reviewed by
Ashish TScanX News Team
Key Highlights
  • Amber Enterprises incorporated Amber Digital Technologies Private Limited on September 18, 2026
  • The new entity is a wholly owned subsidiary focused on mobile phone manufacturing
  • Initial capital infusion stands at ₹1,00,000 in cash
  • Disclosure made to stock exchanges on October 6, 2026
powered bylight_fuzz_icon
52809232

*this image is generated using AI for illustrative purposes only.

Amber Enterprises India Limited has incorporated a new wholly owned subsidiary, Amber Digital Technologies Private Limited, to commence the business of manufacturing mobile phones. The entity was incorporated in India on September 18, 2026.

The company informed stock exchanges on October 6, 2026, that Amber Digital is a wholly owned subsidiary of Amber Enterprises. The move aligns with the company's expansion into the electronics and telecommunication sector, specifically targeting mobile phone production.

Subsidiary details

The incorporation was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key details of the newly formed entity:

Particulars Details
Name of entity Amber Digital Technologies Private Limited
Date of incorporation September 18, 2026
Country of incorporation India
Industry Electronics and Telecommunication
Line of business Manufacturing of mobile phones
Shareholding by parent 100%
Consideration type Cash
Subscription amount ₹1,00,000

Capital infusion

Amber Enterprises infused ₹1,00,000 as subscription money into Amber Digital. The consideration for the shares was entirely in cash. No governmental or regulatory approvals were required for the incorporation of the subsidiary.

The intimation regarding the incorporation is available on the company's website. The disclosure complies with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Historical Stock Returns for Amber Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
+1.47%-4.41%-10.60%+6.38%-18.66%+97.50%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

What specific mobile phone brands or OEM partners has Amber Enterprises secured for its new manufacturing venture?

How will the initial ₹1,00,000 capital infusion scale up to meet the significant capital expenditure requirements for setting up a mobile manufacturing facility?

Will Amber Enterprises leverage the Indian government's Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing?

Amber Enterprises subsidiary Il Jin reports fire damage of ₹38.28 crore

scanx
Reviewed by
Ashish TScanX News Team
Key Highlights
  • Fire damage at Amber Enterprises India's subsidiary Il Jin has been assessed at ₹38.28 crore
  • The insurance company has paid out ₹10 crore against the reported damage
  • The insurance recovery of ₹10 crore covers a portion of the total assessed fire damage cost
powered bylight_fuzz_icon
52752853

*this image is generated using AI for illustrative purposes only.

Amber Enterprises India has reported fire damage at its subsidiary Il Jin, with the total cost of damage assessed at ₹38.28 crore.

Fire damage and insurance recovery at Il Jin

The fire incident at Il Jin, a subsidiary of Amber Enterprises India, resulted in a damage assessment of ₹38.28 crore. Against this loss, the insurance company has paid out ₹10 crore, leaving a significant gap between the total assessed damage and the amount recovered through insurance.

The key figures related to the fire damage and insurance settlement are outlined below:

Parameter Details
Subsidiary affected Il Jin
Total fire damage cost ₹38.28 crore
Insurance payout received ₹10 crore

The reported damage cost of ₹38.28 crore at Il Jin represents a material financial impact for the subsidiary, with the insurance recovery of ₹10 crore covering a portion of the assessed loss.

Historical Stock Returns for Amber Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
+1.47%-4.41%-10.60%+6.38%-18.66%+97.50%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How will the unrecovered ₹28.28 crore loss impact Amber Enterprises' Q4 earnings and overall profitability?

What is the expected timeline for Il Jin to restore full production capacity following the fire damage?

Will Amber Enterprises seek additional insurance claims or pursue legal recourse to cover the remaining shortfall?

More News on Amber Enterprises

1 Year Returns:-18.66%