Amber Enterprises India Limited announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has acquired an additional 37.50% equity stake in Ascent Circuits Private Limited for Rs 328 Crore. The transaction, completed on June 19, 2026, increases IL JIN's shareholding in Ascent from 60% to 97.50%. This strategic move enhances operational control and strengthens the company's position in the electronics manufacturing sector.

Following the acquisition, Mr. Manjunath Punyamurthy has resigned from the position of Managing Director of Ascent Circuits Private Limited. The resignation was effective from the close of business hours on June 18, 2026, pursuant to the contractual covenants stipulated in the Share Purchase Agreements dated June 18, 2026. The resignation is not attributable to any reasons other than the agreed contractual obligations.

The acquisition is part of a larger strategy to consolidate ownership. A previous agreement aimed to acquire a total of 38.50% to reach 98.50% ownership. The remaining 1% stake acquisition is expected to be finalized on or before June 30, 2026. The consideration for the entire transaction is paid in cash.

Financial and Operational Details

Ascent Circuits, incorporated in 1999, specializes in the manufacturing of Printed Circuit Boards (PCBs). The company has demonstrated consistent financial growth over the past three years.

Transaction Structure and Compliance

The transaction qualifies as a related party transaction under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as Ascent is a step-down subsidiary of Amber Enterprises. The company confirmed that the deal has been undertaken at arm's length. No special or continuing rights, such as rights to appoint directors or restrict capital structure changes, have been included in the agreements.

A notable block trade was recorded on the National Stock Exchange (NSE) for Amber Enterprises India Ltd., with the transaction valued at ₹23.32 crores. The deal involved approximately 30,267 shares, executed at a price of ₹7705.00 per share.

Block Trade Details

The following table summarizes the key parameters of the block trade:

Key Highlights

• The block trade was executed on the National Stock Exchange (NSE).
• The transaction involved approximately 30,267 shares of Amber Enterprises India Ltd.
• The trade was executed at a price of ₹7705.00 per share.
• The total value of the block trade stood at ₹23.32 crores.

Block trades typically involve large quantities of securities transacted between institutional participants and are executed outside the open market to minimize price impact. This transaction in Amber Enterprises India Ltd. reflects significant institutional-level activity in the stock.