Resignation of MD at step-down subsidiary Ascent Circuits
AMBER · price
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IL JIN Electronics, a material subsidiary of Amber, completed acquisition of an additional 37.50% stake in Ascent Circuits from Mr. Manjunath Punyamurthy and his relatives on 19th June 2026. As per the pre-agreed Share Purchase Agreement signed on 18th June 2026, Mr. Punyamurthy resigned as Managing Director of Ascent Circuits, a step-down subsidiary of Amber, effective close of business on 18th June 2026. The exit is a contractual obligation tied to the stake sale, with no other reasons cited.
Routine leadership change at a step-down subsidiary following a pre-agreed acquisition. No material impact on Amber Enterprises at the parent level.