This is a regulatory disclosure filed with the BSE Limited and the National Stock Exchange of India Ltd. pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The disclosure confirms the completion of an acquisition by IL JIN Electronics (India) Limited (formerly known as IL JIN Electronics (India) Private Limited), a material subsidiary of Amber Enterprises India Limited. The acquisition involved the remaining 1,75,680 equity shares of Power-One Micro Systems Private Limited, representing a 40% equity stake on a fully diluted basis.
The sellers of this 40% stake were Mr. Ramanna Rajesh Mayasandra, Mr. Harsha Venkatesh, Dwaith Advisory Private Limited, and Mrs. Doddabidere Honappa Veena (collectively referred to as the "Sellers").
The transaction was executed pursuant to a Share Swap Agreement dated 18th October 2026. As non-cash consideration for the acquisition, IL JIN allotted 1,76,000 Compulsorily Convertible Preference Shares A3 (CCPS A3) to the Sellers.
Corporate Structure Impact
Consequent to this acquisition, IL JIN now holds 100% of the equity share capital of Power-One. This makes Power-One a wholly-owned subsidiary of IL JIN and, by extension, a wholly-owned step-down subsidiary of Amber Enterprises India Limited.