Shareholders of Amber Enterprises approved the reappointment of two non-executive independent directors at its 36th annual general meeting held on September 16, 2026.

The company disclosed the outcome pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolutions were passed through remote e-voting and e-voting conducted at the meeting.

Director Reappointments

Members approved the following appointments for a second term of five consecutive years, effective from September 19, 2026:

• Prakash Iyer (DIN: 00956349): Reappointed as Non-Executive Independent Director.
• Sabina Moti Bhavnani (DIN: 06553087): Reappointed as Non-Executive Independent Director.

Both directors are not liable to retire by rotation. The company stated that voting results and the Consolidated Scrutinizer's Report are being submitted separately to the exchanges.

Regulatory Compliance

Amber Enterprises noted that disclosures required under SEBI LODR Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, were provided in an earlier intimation dated August 14, 2026. The full intimation is available on the company's investor relations website.

Amber Enterprises reported a 22% year-on-year rise in consolidated revenue to ₹12,186 crore for FY26 during its 36th Annual General Meeting held on September 16, 2026. The company’s operating EBITDA also grew 22% to ₹970 crore, reflecting robust execution across its diversified business segments despite a complex macroeconomic environment.

Divisional Performance

The Electronics Division emerged as the primary growth engine, with revenue surging 49% YoY to ₹3,268 crore and operating EBITDA jumping 89% to ₹287 crore. This expansion was supported by strategic investments in Power-One, Unitronics, and Shogini Technoarts, alongside significant capacity augmentations. Ascent Circuits and Shogini Technoarts secured ECMS approvals for multi-layer PCB investments of ₹991 crore and ₹500 crore respectively. Additionally, Ascent-K Circuit received approval for an HDI PCB facility worth ₹3,215 crore, with the ground-breaking ceremony held in June 2026.

The Consumer Durables Division contributed ₹8,383 crore in revenue, marking a 14% YoY increase, while operating EBITDA rose 6% to ₹593 crore. Management highlighted the positive impact of GST reduction on room air conditioners from 28% to 18% and capacity expansions at Sri City, Andhra Pradesh.

The Railway Subsystems and Defence Division recorded revenue of ₹535 crore, up 19% YoY, with operating EBITDA increasing 8% to ₹90 crore. Progress on Sidwal’s new greenfield facility and the joint venture with Yujin Machinery remains pending RDSO approvals.

What the Numbers Show

The disproportionate growth in the Electronics Division’s EBITDA (89%) compared to its revenue growth (49%) suggests improving operational leverage or favorable product mix shifts within the PCB manufacturing segment. Conversely, the Consumer Durables Division showed more modest margin expansion, with EBITDA growing only 6% against a 14% revenue increase, potentially indicating pressure from input costs or competitive pricing dynamics in the AC market.

Capital Raises and Strategic Moves

During FY26, Amber Enterprises raised equity capital of ₹1,000 crore through a Qualified Institutional Placement (QIP). Its material subsidiary, IL JIN Electronics, secured strategic funding of ₹1,750 crore via a combination of Compulsorily Convertible Preference Shares (CCPS) and equity shares. The company also entered mobile phone manufacturing through a collaboration agreement with OPPO Mobiles India Private Limited executed in June 2026.

Auditor Qualification

Statutory Auditors M/s S.R. Batliboi & Co. LLP issued a qualified opinion on the Consolidated Financial Statements. The qualification pertained to unaudited financial information from one subsidiary and the Group’s share of loss from a step-down joint venture. The Board stated this did not significantly impact the consolidated figures, as audited and adjusted values remained identical.

Governance Updates

Shareholders approved the re-appointment of Mr. Jasbir Singh as Executive Chairman & CEO. Independent Directors Mr. Prakash Iyer and Ms. Sabina Moti Bhavnani were re-appointed for a second five-year term. All 16 resolutions, including related-party transaction approvals for IL JIN Electronics and Ascent Circuits, were passed with requisite majority.