Amber Enterprises India Limited has received an order from the National Company Law Tribunal (NCLT), Chandigarh Bench, regarding the amalgamation of its wholly owned subsidiary, AmberPR Technoplast India Private Limited. The order dated July 3, 2026, admits the Second Motion Petition under Sections 230 to 232 of the Companies Act, 2013. The Tribunal has directed the issuance of notices to statutory and regulatory authorities, inviting representations within 30 days of receipt of the notice.

The order, received by the company on July 15, 2026, pertains to case numbers CP (CAA) No. 18/Chd/Pb/2026 and CA (CAA) No. 11/Chd/Pb/2026. The Hon'ble Tribunal has dispensed with the requirement of convening meetings of equity shareholders, secured creditors, and unsecured creditors of the petitioner companies, as per the First Motion Petition order passed on June 5, 2026.

Pursuant to the directions, notices must be served to various authorities including the Central Government, Registrar of Companies, Income Tax authorities, Reserve Bank of India, Securities and Exchange Board of India (SEBI), and stock exchanges. The Tribunal has specified the modes of service and required an affidavit evidencing proof of service to be filed within seven days.

The Tribunal has also directed the publication of notices in two prominent newspapers, Business Standard (English) and Jansatta (Hindi). This step is in accordance with Rule 16 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. An affidavit evidencing proof of such publication must be filed with the Tribunal.

The matter has been listed for further consideration by the NCLT on September 2, 2026. Amber Enterprises stated that it will take all necessary steps to keep the stock exchanges informed of further developments in accordance with applicable laws.

IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises India Limited , has approved a bonus issue of equity shares in the ratio of 25:1 and a sub-division of its share capital. The decisions were taken during a board meeting held on July 11, 2026, to support the subsidiary's future growth initiatives and corporate restructuring.

The board approved the alteration of share capital by subdividing equity shares from a face value of ₹10 each to ₹5 each. Consequently, the authorised share capital will increase from ₹20 crore to ₹250 crore. The revised capital structure will comprise 49,20,00,000 equity shares of ₹5 each and 40,00,000 preference shares of ₹10 each. The company will issue approximately 33,98,91,750 bonus shares, capitalising ₹1,69,94,58,750 from the share premium account.

Capital Structure Changes

The sub-division and bonus issue will significantly alter the shareholding structure of IL JIN. The following table outlines the pre and post-split and bonus issue capital details:

Post the bonus issue, the issued equity share capital will rise to 1,76,74,37,100 shares of ₹5 each. The total paid-up share capital, including preference shares, will increase to approximately ₹179.39 crore. The free reserves and share premium available for capitalisation stood at ₹2,422.26 crore as on July 10, 2026.

Strategic Restructuring

In a strategic move, IL JIN will convert from a private limited company to a public limited company. This conversion involves the removal of private company restrictions and the deletion of the word "Private" from its name. The board also approved the shifting of the registered office from Maharashtra (Pune) to Uttar Pradesh (Greater Noida), necessitating amendments to the Memorandum of Association.

The subsidiary is exploring various fund-raising options, including debt, rights issue, preferential allotment, or a public issue, to fund its expansion. These proposals are subject to statutory, regulatory, and shareholder approvals. The completion of the share split and bonus issue is expected within one month from the date of shareholder approval.