Amber Enterprises shares in focus after arm IL JIN approves various corporate actions; check key points

Shares of Amber Enterprises are expected to be on investors’ radar on Monday, July 13, after its material subsidiary, IL JIN Electronics (India), approved multiple corporate actions aimed at supporting its future growth.

• Stock split: Approved the subdivision of equity shares from a face value of ₹10 to ₹5 each.
• Bonus issue: Cleared the issuance of 25 bonus shares for every one share held (25:1).
• Authorised capital hike: Approved an increase in the authorised share capital from ₹20 crore to ₹250 crore.

As per the company’s filing, the authorised share capital will increase from ₹20 crore, comprising 3.2 crore equity shares of ₹5 each and 40 lakh preference shares of ₹10 each, to ₹250 crore, comprising 49.2 crore equity shares of ₹5 each and 40 lakh preference shares of ₹10 each.

• Public company conversion: Approved the conversion of IL JIN from a private limited company to a public limited company.
• Registered office shift: Approved the shifting of the registered office from Pune, Maharashtra, to Greater Noida, Uttar Pradesh.
• Fund-raising plans: Approved the evaluation of various fund-raising options, including debt, rights issue, preferential allotment, public issue, or other permissible routes, subject to regulatory and shareholder approvals.
• MoA and AoA amendments: Approved consequential amendments to the company’s Memorandum of Association (MoA) and Articles of Association (AoA) to reflect the above corporate actions.

Recent developments

Last week, the government waived the basic customs duty (BCD) on goods used in the manufacture of display assemblies, lithium-ion cells and inductor coil modules, in a move aimed at boosting domestic production of electronic devices such as smartphones, laptops, wearables and smart TVs.

The Finance Ministry issued three separate notifications to implement the duty exemption on inputs used to manufacture these key electronic components. The measure is in line with the government’s efforts to promote domestic electronics manufacturing under the Production Linked Incentive (PLI) scheme.

The exemption, which will remain in force until March 31, 2029, is expected to reduce import dependence, lower input costs and strengthen the domestic electronics manufacturing ecosystem.

The move is likely to benefit electronics manufacturing services (EMS) companies such as Dixon Technologies, Amber Enterprises, Kaynes Technology India, Syrma SGS Technology, PG Electroplast and Avalon Technologies, which are expanding their manufacturing capabilities across consumer electronics and components.