Pursuant to Regulation 30 of the SEBI LODR Regulations, we hereby inform the exchange that the Company, has entered into Share Purchase Agreement on 03 April 2026 for acquisition of the remaining 50% equity stake in Amber Resojet Private Limited ( Amber Resojet ).Consequent to this acquisition, Amber Resojet will become a wholly owned subsidiary of the Company.
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Amber Enterprises India Limited has entered into a Share Purchase Agreement on 3rd April 2026 to acquire the remaining 50% equity stake (10,000 shares) in Amber Resojet Private Limited from its joint venture partner LCGC Resolute Appliances LLP for approximately INR 1.74 Crore. Amber Resojet is engaged in manufacturing fully automatic top-loading and front-loading washing machines and had a turnover of Rs. 36.91 Crore in FY 2024-25. Upon completion, Amber Resojet will become a wholly-owned subsidiary of Amber Enterprises. The transaction qualifies as a related party transaction and is being done at arm's length. No regulatory approvals are required, and the acquisition is expected to close within 30-45 days. This acquisition will also terminate the existing joint venture agreement dated 21st March 2024.
For shareholders, this acquisition provides full control over Amber Resojet's manufacturing operations in the washing machine segment, aligning with Amber's long-term strategic goals. The relatively small deal size (INR 1.74 Crore) is unlikely to have significant immediate impact on Amber's financials but strengthens its position in the consumer durables space.