Amber Enterprises has announced that ICRA Limited has assigned new credit ratings to its two material subsidiaries: IL JIN Electronics (India) Private Limited and Ascent Circuits Private Limited. Both subsidiaries received strong ratings, with the primary Long-Term/Short-Term facilities rated [ICRA]AA- (Stable). IL JIN’s working capital facilities were assigned [ICRA]A1+. The total rated bank facilities for both entities stand at Rs. 300 Crore each.
Credit Rating Update for Material Subsidiaries
Amber Enterprises India Limited has disclosed the recent assignment of credit ratings by ICRA Limited to two of its key material subsidiaries. This intimation is made in compliance with continuous disclosure requirements affecting listed entities.
1. IL JIN Electronics (India) Private Limited Ratings
The facilities of IL JIN Electronics (India) Private Limited have been assigned the following ratings:
- Long-Term/Short-term – Fund based (Proposed Working capital): Rated [ICRA]AA- (Stable), Action: Assigned.
- Long-Term – fund-based – Proposed Term loan: Rated [ICRA]AA- (Stable), Action: Assigned.
- Short-term rating: Assigned [ICRA]A1+.
The Total Bank Facilities Rated for this subsidiary amount to Rs. 300 Crore.
2. Ascent Circuits Private Limited Ratings
Similarly, Ascent Circuits Private Limited, the second material subsidiary, received ratings as follows:
- Long-Term/Short-term – Fund based (Proposed working capital facility): Rated [ICRA]AA- (Stable) and [ICRA]A1+, Action: Assigned.
- Long-Term – fund-based – Term loan: Rated [ICRA]AA- (Stable), Action: Assigned.
The Total Bank Facilities Rated for Ascent Circuits also aggregate to Rs. 300 Crore.
Disclosure and Compliance
The company confirms that all details pertaining to these credit ratings, assigned as of 14 February 2026, are available on the official company investor relations website for public access and reference.
Source: BSE
