Background Context

Reference is made to earlier intimations dated 18th June 2026 regarding Share Purchase Agreements (SPAs) between IL JIN Electronics (India) Private Limited (material subsidiary of Amber), Mr. Manjunath Punyamurthy, other shareholders of Ascent Circuits Private Limited, and Ascent Circuits Private Limited itself. The SPAs were for IL JIN to acquire 38.50% additional equity stake in Ascent Circuits in one or more tranches.

Key Transaction Completion

On 19th June 2026, IL JIN completed the acquisition of an additional 37.50% equity stake in Ascent Circuits from Mr. Manjunath Punyamurthy and his relatives.

Resignation Details

Pursuant to contractual covenants under the SPAs dated 18th June 2026, Mr. Manjunath Punyamurthy (DIN: 00900902) tendered his resignation as Managing Director of Ascent Circuits Private Limited. The resignation is effective from close of business hours on 18th June 2026.

The resignation is explicitly stated as being in accordance with agreed contractual obligations and not attributable to any other reasons.

Resignation Letter Contents (Annexure B)

Dated: 18th June 2026

Addressed to: Board of Directors of Ascent Circuits Private Limited at B-13, I.T.I. Industrial Estate, Mahadevpur, Bengaluru, Karnataka-560048

Mr. Manjunath Punyamurthy voluntarily resigned as:

  • Member of the Board of Directors of Ascent Circuits Private Limited
  • Employee of Ascent Circuits Private Limited

Effective from: Close of business on the Completion Date (as defined in the Share Purchase Agreement dated 18th June 2026)

Parties to the Share Purchase Agreement mentioned: IL JIN Electronics (India) Private Limited, Manjunath Punyamurthy, Sanjana Punyamurthy Manjunath, Sunaina Punyamurthy Manjunath, Mampra Chacko Thomas, Manju Thomas, and Ascent Circuits Private Limited.

The letter requests:

  • Acknowledgement of receipt in writing
  • Filing of necessary forms (including e-Form DIR-12 under Companies Act, 2013)
  • Completion of all required actions under applicable law within statutory timelines
  • Copy of Board resolution accepting resignation within 3 business days of the Board meeting

Additional Information

This intimation is available on the company website at www.ambergroupindia.com.

The disclosure was signed digitally by Konica Yaadav, Company Secretary and Compliance Officer (M. No. A30322) of Amber Enterprises India Limited on 19th June 2026 at 18:24:41 +05'30'.