Amber Enterprises India Limited announced on November 3, 2026, that its material subsidiary, IL JIN Electronics (India) Limited, has successfully completed the acquisition of the remaining 40% equity stake in Power-One Micro Systems Private Limited. This transaction, pursuant to a Share Swap Agreement dated October 18, 2026, results in Power-One becoming a wholly-owned subsidiary of IL JIN, and consequently, a step-down wholly-owned subsidiary of Amber Enterprises India Limited. Non-cash consideration was provided in the form of 1,76,000 Compulsorily Convertible Preference Shares A3 (CCPS A3).
Amber Enterprises India Limited Subsidiary Achieves Full Ownership of Power-One
Amber Enterprises India Limited has announced the completion of a significant acquisition by its material subsidiary, IL JIN Electronics (India) Limited. The acquisition pertains to the remaining equity stake in Power-One Micro Systems Private Limited. This development, officially communicated on November 3, 2026, marks a crucial step in consolidating ownership within the Amber group’s structure.
Key Acquisition Details and Transaction Structure
The acquisition was executed in accordance with the Share Swap Agreement that was initially entered into on October 18, 2026. Through this transaction, IL JIN Electronics (India) Limited has acquired the balance 40% equity stake in Power-One Micro Systems Private Limited. This stake represented 1,75,680 equity shares, acquired from various sellers including Mr. Ramanna Rajesh Mayasandra, Mr. Harsha Venkatesh, Dwaith Advisory Private Limited, and Mrs. Doddabidere Honappa Veena. The deal was concluded based on a fully diluted basis.
Consolidation and Consideration
As a direct result of this acquisition, IL JIN Electronics (India) Limited now holds 100% of the equity share capital of Power-One Micro Systems Private Limited. This establishes Power-One as a wholly-owned subsidiary of IL JIN, and consequently, a wholly-owned step-down subsidiary of Amber Enterprises India Limited. The consideration for this transaction was non-cash, involving the allotment of 1,76,000 Compulsorily Convertible Preference Shares A3 (CCPS A3) by IL JIN to the Sellers, as stipulated in the Share Swap Agreement.
Regulatory Compliance and Disclosure
This disclosure is made in continuation of the company’s earlier intimation dated October 18, 2026, and in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The necessary disclosures, as per SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, were previously submitted and are available as Annexure – A and Annexure – B to the earlier intimation. The information is also accessible on the company’s official website, www.ambergroupindia.com.
Source: BSE
