Amber Enterprises Partners with Oppo for Mobile Manufacturing

Event Type: Business Update Call to discuss manufacturing collaboration with Oppo Mobiles India Private Limited, categorized as post-announcement investor interaction.
Date and Time: Held on Saturday, 20th June 2026 at 10:00 A.M. IST on shorter notice.
Purpose: To discuss the Company's manufacturing collaboration with Oppo Mobiles India Private Limited and provide relevant business updates regarding the collaboration to investors and analysts.
Management Participants: Mr. Jasbir Singh (Executive Chairman, CEO and Whole-Time Director), Mr. Daljit Singh (Managing Director), Mr. Sudhir Goyal (Group CFO), Mr. Ravi Kharbanda (Investor Relations Head), and Mr. Rohit Singh (Head of Corporate Affairs).
Availability of Materials: The transcript of the call is being uploaded on the Company's website at https://www.ir.ambergroupindia.com/news-events/investor-events/. The audio recordings were uploaded on the stock exchange on 20th June 2026 and will prevail in case of discrepancy.
UPSI Statement: The company indicated that no unpublished price sensitive information (UPSI) was shared during the call, as it was a discussion of already disclosed collaboration details.

Financial and Operational Highlights Disclosed:

The manufacturing collaboration agreement was executed on June 18, 2026.
It covers three brands: Oppo, OnePlus, and Realme (all part of BBK Group).
Manufacturing will be conducted at an existing facility subleased from Oppo India, requiring no Press Note 3 approval.
Capex requirements are described as "very, very minimal" (below INR 50 crores initially).
Trial production is expected to commence in Q4 FY27, with commercial production starting by Q1 FY28.
Volume targets: Begin with ~8 million units in Year 1 (FY28), ramp up to 13-15 million units in Year 2 (FY29).
Commence with assembly and SMT operations, with a roadmap to progressively deepen value addition into components like high-density interconnect printed circuit boards (HDI PCBs).
Target to increase local value addition to 35-40% over the next 5-6 years (from an industry baseline of 10-12%).
EBITDA margins expected to be in line with industry standards: 1.5% to 2% at commencement, depending on the model mix (higher-end models ~1.5-1.7%, lower-end models see a higher percentage).
The business is characterized as low working capital intensity (4-10 days networking capital) and asset-light, expected to be ROCE accretive (>30-35% on a standalone basis).
The revenue recognition model (gross vs. job work) is flexible and will be determined by Oppo India's preference, but the bottom-line margin is fixed.
This diversification reduces the seasonal concentration inherent in the room air conditioner business.

Attachments: The regulatory filing includes the complete transcript of the Business Update Call.
Financial Data: No new financial data or results were disclosed in this announcement. The discussion focused on the operational and strategic aspects of the newly announced collaboration.
Logistical Details: Dial-in numbers and access codes were not included in the provided transcript excerpt.