Amber Enterprises India Limited has announced that ICRA Limited has assigned credit ratings to two of its material subsidiaries for their respective bank facilities. The company informed BSE and NSE on February 14, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details for IL JIN Electronics

IL JIN Electronics (India) Private Limited received comprehensive credit ratings from ICRA for its banking facilities:

Credit Rating Details for Ascent Circuits

Ascent Circuits Private Limited also received ICRA ratings for its banking facilities:

Rating Significance

Both subsidiaries received identical credit ratings from ICRA Limited:

• Long-term rating: [ICRA]AA- with Stable outlook
• Short-term rating: [ICRA]A1+ for working capital facilities
• Combined facility value: Rs. 600 crore across both subsidiaries

The AA- rating indicates high credit quality with adequate degree of safety regarding timely servicing of financial obligations, while the A1+ short-term rating reflects the highest credit quality and lowest credit risk for short-term obligations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI regulations, which mandates listed companies to inform stock exchanges about material events concerning their subsidiaries. The information has been made available on the company's investor relations website for stakeholder access.

The communication was signed by Konica Yaadav, Company Secretary and Compliance Officer, and submitted to both BSE (Scrip Code: 540902) and NSE (Symbol: AMBER) on February 14, 2026.

Amber Enterprises India Limited has filed formal regulatory disclosures with BSE and NSE regarding its material subsidiary IL JIN Electronics (India) Private Limited's strategic acquisition of MoMagic Wireless Private Limited. The company submitted the intimation under Regulation 30 of SEBI (LODR) Regulations on 14 February 2026, providing comprehensive details of the transaction agreements.

Transaction Structure and Documentation

IL JIN has entered into Shareholders' Agreement and Share Subscription Agreement with MoMagic Wireless Private Limited, MoMagic Technologies Private Limited, Mr. Arun Kumar Gupta, and Ms. Ritu Gupta. The definitive transaction agreements were executed on 14 February 2026, enabling IL JIN to subscribe to 51,52,938 equity shares representing 19.92% of MoMagic's equity share capital.

Target Company Profile

MoMagic Wireless Private Limited, incorporated on 7 March 2025 under the Companies Act 2013, operates from its registered office at I-9 LGF, Lajpat Nagar-3, South Delhi. The Delhi-based company specializes in designing, developing and supplying wireless communication modules including Cellular, BLE, and Wi-Fi technologies, while undertaking research and development activities in wireless communication modules.

Strategic Rationale and Governance Structure

The acquisition aligns with IL JIN's strategic objective of entering the rapidly growing Internet of Things (IoT) domain and enhancing module design capabilities. Through this investment, IL JIN will gain access to specialized knowledge, innovative technologies, and solution portfolios to strengthen its IoT ecosystem presence.

The governance framework establishes MoMagic's board with up to five members, where IL JIN holds the right to nominate one non-executive director and one observer. MoMagic Technologies Private Limited will jointly appoint four founder directors, with Mr. Arun Kumar Gupta's mandatory nomination as one of the founder directors.

Implementation Timeline and Regulatory Compliance

The acquisition will proceed through two closing phases. The first closing, scheduled within 30 days from execution, involves subscribing to 41,22,351 equity shares representing 16.60% stake. The second closing, planned by 30th June 2026, covers the remaining 10,30,587 equity shares representing 3.32% stake.

The transaction requires no governmental or regulatory approvals and does not constitute a related party transaction. Company Secretary Konica Yaadav digitally signed the regulatory filing, confirming compliance with SEBI disclosure requirements and making the information available on the company's website at www.ambergroupindia.com .