Amber Enterprises India Limited has announced a strategic move in its international expansion plans. The company's material subsidiary, IL JIN Electronics (India) Private Limited (ILJIN), has acquired a 100% equity stake in ILJIN Holding Ltd, an Israeli entity, marking a significant step in its global investment strategy.

Acquisition Details

On September 21, 2025, ILJIN completed the acquisition of ILJIN Holding Ltd, a company incorporated on September 7, 2025, under Israeli law. The transaction involved the purchase of 100 ordinary shares, representing the entire shareholding, from the existing shareholder, Gary Sussman. The acquisition was executed through cash consideration, with each share having a par value of 1 NIS.

Strategic Implications

ILJIN Holding Ltd has been established as a Special Purpose Vehicle (SPV) to serve as a dedicated investment platform for ILJIN. This newly formed entity is designed to support and facilitate ILJIN's strategic international investments and acquisitions, potentially opening doors for Amber Enterprises' expansion into global markets.

Corporate Structure

Following the acquisition:

• ILJIN Holding Ltd becomes a wholly-owned subsidiary of ILJIN
• Consequently, it also becomes a step-down subsidiary of Amber Enterprises India Limited

Regulatory Compliance

The company has affirmed that this acquisition does not fall under the category of related party transactions. Additionally, neither the promoter, promoter group, nor any group companies have any interest in ILJIN Holding Ltd. The transaction did not require any governmental or regulatory approvals.

Financial Implications

As ILJIN Holding Ltd is a newly incorporated entity, it currently has no operational history or turnover. The company was formed exclusively to support ILJIN's international investment and acquisition strategy, indicating a focus on future growth and expansion rather than immediate financial gains.

Market Impact

This strategic move by Amber Enterprises, through its subsidiary ILJIN, demonstrates the company's commitment to expanding its global footprint. By establishing a presence in Israel, known for its thriving tech and innovation ecosystem, Amber Enterprises positions itself to potentially tap into new technologies, markets, and investment opportunities.

The acquisition aligns with the growing trend of Indian companies seeking to establish international platforms for strategic investments and acquisitions, particularly in technology-rich markets.

Investors and market watchers will likely keep a close eye on how this new Israeli entity contributes to Amber Enterprises' long-term growth strategy and international market penetration efforts in the coming years.

Amber Enterprises India Limited (AEIL) has announced a significant change in its material step-down subsidiary, Ascent Circuits Private Limited. M/s Gowthama & Company, the statutory auditors of Ascent Circuits, have tendered their resignation, citing preoccupancy with other assignments as the primary reason.

Auditor Resignation Details

Gowthama & Company, a chartered accountancy firm based in Bangalore, was appointed as the statutory auditor for Ascent Circuits on September 30, 2022. Their term was originally scheduled to expire in March 2027. However, the firm has decided to step down from this role earlier than expected.

Recent Audit Work

Prior to their resignation, Gowthama & Company's most recent engagement with Ascent Circuits was the limited review report for the quarter ending June 30, 2025, which was submitted on July 26, 2025. This indicates that the auditors completed their most recent quarterly review before deciding to resign.

Reasons for Resignation

In their resignation letter dated August 8, 2025, Gowthama & Company stated:

"Due to our pre-occupation with other assignments, we resign from the position of the Statutory Auditor of the Company effective immediately."

The auditors have confirmed that there are no other material reasons for their resignation beyond the preoccupancy cited. Importantly, they have not raised any concerns regarding the company's management or any other issues related to Ascent Circuits or its parent company, Amber Enterprises India Limited.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Amber Enterprises India Limited has promptly disclosed this development to the stock exchanges. The company has provided the necessary details as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Impact and Next Steps

As Ascent Circuits is a material step-down subsidiary of Amber Enterprises India Limited, this change in auditors is significant for the parent company. However, given that the resignation is due to the auditor's other commitments and not due to any concerns about the company, the impact on investor confidence may be limited.

Amber Enterprises will likely need to appoint a new statutory auditor for Ascent Circuits in the near future to ensure continued compliance with regulatory requirements and maintain transparent financial reporting practices.

Investors and stakeholders of Amber Enterprises India Limited should monitor further announcements regarding the appointment of a new auditor for Ascent Circuits Private Limited.