Shareholders of Amber Enterprises approved all 16 resolutions at its 36th annual general meeting held on September 16, 2026. The company disclosed the consolidated voting results and scrutinizer report pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting was conducted through video conferencing or other audio-visual means. Remote e-voting was available from September 13 to September 15, 2026, via KFin Technologies Limited. A total of 29,166,722 votes were polled across all resolutions, representing 82.70% of the outstanding shares held by 124,595 shareholders as on the record date of September 7, 2026.

Director Reappointments

Members approved the reappointment of two non-executive independent directors 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 resolution for Mr. Iyer received 90.36% assent, while Ms. Bhavnani’s reappointment secured 92.15% assent. Additionally, shareholders approved the reappointment of Jasbir Singh (DIN: 00259632) as Executive Chairman, Chief Executive Officer, and Whole Time Director with 97.28% assent.

Key Resolutions Passed

Beyond director appointments, shareholders approved several strategic and operational resolutions:

• Financial Statements: Adoption of financial statements for FY26 received 83.47% assent.
• Corporate Guarantees: Authorization for giving corporate guarantees under Section 186 of the Companies Act, 2013, passed with 79.08% assent.
• Related Party Transactions: Approvals for material related-party transactions involving subsidiaries IL JIN Electronics India Private Limited, Ascent Circuits Private Limited, and Ascent K Circuit Private Limited were passed. Assent levels ranged from 88.28% to 94.62% across these resolutions.
• Loans to Subsidiaries: Authorizations for loans and guarantees to IL JIN Electronics, Ascent Circuits, and Ascent K Circuit were approved with assent rates between 93.69% and 96.62%.

Voting Breakdown

The promoter group held 13,433,237 shares and voted in favor of all resolutions where they were not interested parties. Public institutional investors held 17,888,325 shares, while public non-institutional investors held 3,946,205 shares. No invalid votes were recorded for any resolution.

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. The Consolidated Scrutinizer's Report was issued by Vikram Jhawar of V. Jhawar & Co. on September 17, 2026.

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.