Amber Enterprises Subsidiary Acquires Remaining 1.5% in Ascent Circuits

Amber Enterprises India Limited's material subsidiary, IL JIN Electronics (India) Limited, has completed the acquisition of the remaining 1.50% equity stake in Ascent Circuits Private Limited from Ms. Manju Thomas. This acquisition, executed via a Share Swap Agreement on October 18, 2026, results in Ascent Circuits becoming a wholly owned subsidiary of IL JIN and a wholly owned step-down subsidiary of Amber Enterprises. As non-cash consideration, IL JIN has allotted 13,120 Compulsorily Convertible Preference Shares A2 to the seller.