Amber Enterprises’ material subsidiary, IL JIN Electronics (India), has executed definitive transaction agreements to acquire a majority stake in Shogini Technoarts Private Limited, a Pune-based company established in 1982. Shogini specializes in manufacturing printed circuit boards (PCBs). This acquisition will strengthen Amber’s PCB manufacturing capabilities and broaden its product portfolio. Completion is expected in one or more tranches.
Strategic Acquisition of Shogini Technoarts
IL JIN Electronics (India), a material subsidiary of Amber Enterprises India, has entered into definitive agreements to acquire a majority stake in Shogini Technoarts Private Limited, effective November 14, 2025. This acquisition is poised to enhance Amber’s position in the electronics manufacturing sector.
Rationale Behind the Deal
The strategic rationale for this acquisition is multi-faceted:
* Strengthen in-house PCB production expertise to reduce reliance on external suppliers.
* Broaden product offerings with advanced PCB types, including single, double, multilayered, metal, and flexible PCBs.
* Advance manufacturing capabilities.
* Tap into new customer segments and markets.
Shogini Technoarts: An Overview
Established in 1982, Shogini Technoarts Private Limited specializes in the manufacturing of various types of printed circuit boards (PCBs), catering to a wide array of applications. Key financial details include:
* Turnover for 2024-2025: ₹3907.42 Lakhs
* Turnover for 2023-2024: ₹3325.06 Lakhs
* Turnover for 2022-2023: ₹2973.77 Lakhs
Terms of the Acquisition
The acquisition of the majority stake in Shogini is expected to be completed in one or more tranches. The financial details of the deal will be disclosed post-closing.
Source: BSE