Amber Enterprises India Limited announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has appointed Mr. Prakash Iyer and Ms. Sabina Moti Bhavnani as Additional Independent Directors. The subsidiary also appointed Mr. Sudhir Goyal as Chief Financial Officer. These appointments are effective from August 13, 2026, and are subject to shareholder approval. Additionally, Ms. Lovely Mehra has resigned as an Independent Director from IL JIN.
Key Appointments at IL JIN Electronics
Amber Enterprises India Limited (Amber) has disclosed significant governance changes at its material subsidiary, IL JIN Electronics (India) Private Limited (IL JIN). The Board of Directors of IL JIN, at its meeting held on August 13, 2026, approved the appointment of two new Additional Directors in the category of Independent Directors: Mr. Prakash Iyer and Ms. Sabina Moti Bhavnani. These appointments are subject to the approval of IL JIN’s members at its upcoming Annual General Meeting.
New Chief Financial Officer Appointed
Further bolstering its financial leadership, IL JIN Electronics has appointed Mr. Sudhir Goyal as its Chief Financial Officer (CFO). This appointment, also effective August 13, 2026, received prior approval from the Audit Committee and the Board of Amber Enterprises India Limited.
Resignation of Independent Director
In related news, the Board of IL JIN also noted the resignation of Ms. Lovely Mehra as an Independent Director. Her resignation is effective from the close of business hours on August 13, 2026. The reasons for her resignation are cited as personal and professional commitments.
Director Profiles
Mr. Prakash Iyer
Mr. Prakash Iyer brings over 30 years of experience in the financial services domain, including equity and debt research, investment banking, private equity, and venture investing. He is currently the Managing Partner & General Partner for Calculus Defence Fund and has previously served as Chief Investment Officer for Haldirams Nagpur group and CEO of Butterfly Appliances. He is also an Independent Director on the Board of Amber Enterprises India Limited.
Ms. Sabina Moti Bhavnani
Ms. Sabina Moti Bhavnani possesses over 30 years of experience in Corporate Advisory, Mergers & Acquisitions, Private Equity, and Corporate Finance. She is currently assisting the IL&FS Board in its asset monetization process and serves as a Director on various Group SPVs. She is also an Independent Director on the board of Amber Enterprises India Limited.
Mr. Sudhir Goyal
Mr. Sudhir Goyal, the newly appointed CFO of IL JIN, is the Chief Financial Officer of Amber Enterprises India Limited. A Chartered Accountant with over two decades of experience, he has expertise in finance, treasury, M&A, fund raising, tax planning, and financial controls. He has been instrumental in Amber’s capital market initiatives, including IPOs and QIPs, since October 2012.
Source: BSE
