Amber Enterprises India Limited has informed the Exchange about Amalgamation/Merger of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN Electronics (India) Private Limited, the material subsidiary of the Company, upon Pronouncement of the order and approval of Scheme of Amalgamation by hon'ble NCLT on 30 May 2025
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Amber Enterprises India Limited announced that the Hon'ble NCLT has approved and pronounced an order on 30 May 2025 for the Scheme of Amalgamation. Under this scheme, Ever Electronics Private Limited (a subsidiary of Amber) will merge with and into IL JIN Electronics (India) Private Limited (a material subsidiary of Amber). The merger consolidates two of Amber's existing subsidiaries into a single entity. No share swap ratio or financial terms were disclosed in this announcement. The effective date and timeline for completion are yet to be communicated.
This is an internal restructuring of subsidiaries and is unlikely to have a direct material impact on Amber Enterprises' shareholders or stock price. It may streamline operations and improve efficiency within the electronics subsidiary chain.