Subsidiary26 Jun 2026, 06:20 pm
Amber Enterprises Subsidiaries Cease to be Material
AI Summary
Amber Enterprises India Ltd has informed the stock exchanges that two of its subsidiaries, Ascent Circuits Private Limited and Sidwal Refrigeration Industries Private Limited, will no longer be classified as material subsidiaries. This change is effective from the financial year 2026-27, based on the audited financial statements for FY 2025-26. The determination was made as the income and net worth of both subsidiaries did not exceed the 10% threshold of the consolidated income or net worth as per SEBI (LODR) Regulations.
Key Highlights
- Ascent Circuits and Sidwal Refrigeration no longer material subsidiaries.
- Effective from financial year 2026-27.
- Based on FY 2025-26 audited financials.
- Income/net worth below 10% consolidated threshold.
Price Impact
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