Analysts/Institutional Investor Meet/Con. Call Updates

Date: 25th June 2026 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, C-1, Block G, Bandra Kurla Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – Complex, Bandra (E) Mumbai – 400 051 400 001 Scrip Code : 540902 Symbol : AMBER ISIN : INE371P01015 ISIN : INE371P01015 Subject: Transcript of Business Update Call held to discuss Company’s Manufacturing Collaboration with Oppo Mobiles India Private Limited Ref.: Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Ma’am, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the transcript of the Business Update Call held at a shorter notice on Saturday, 20th June 2026 at 10:00 A.M. (IST) with investors and analysts. The call was conducted to discuss the Company's manufacturing collaboration with Oppo Mobiles India Private Limited and to provide relevant business updates in relation to aforesaid collaboration to investors and analysts. The transcript is also being uploaded on the Company’s website and will be accessible at: https://www.ir.ambergroupindia.com/news-events/investor-events/. You are requested to take the same on record. Thanking You, Yours faithfully For Amber Enterprises India Limited (Konica Yaadav) Company Secretary and Compliance Officer Membership No.: A30322 “Amber Enterprises India Limited Business Update Conference Call” June 20, 2026 “E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 20th June 2026 will prevail.” MANAGEMENT: MR. JASBIR SINGH – EXECUTIVE CHAIRMAN, CHIEF EXECUTIVE OFFICER AND WHOLE-TIME DIRECTOR MR. DALJIT SINGH – MANAGING DIRECTOR MR. SUDHIR GOYAL – GROUP CHIEF FINANCIAL OFFICER MR. RAVI KHARBANDA – INVESTOR RELATIONS HEAD MR. ROHIT SINGH - HEAD OF CORPORATE AFFAIRS SGA – INVESTOR RELATIONS ADVISORS Page 1 of 9 Amber Enterprises India Limited June 20, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Conference Call of Amber Enterprises India Limited to discuss the manufacturing collaboration with Oppo Mobiles India Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch- tone phone. I now hand the conference over to Mr. Jasbir Singh, Executive Chairman and CEO and Whole Time Director of Amber Enterprises India Limited. Thank you, and over to you, sir. Jasbir Singh: Good morning, and thank you all for joining in the call. On the call today, I'm joined by Mr. Daljit Singh, our Managing Director; Mr. Sudhir Goyal, our Group CFO; and Mr. Ravi Kharbanda, our Investor Relations Head. I trust you have had the opportunity to review our exchange filings. Amber Group has entered into a manufacturing collaboration agreement with Oppo Mobiles India Private Limited, executed on June 18. Oppo's decision to partner with Amber reflects the confidence that a global brand of significant standing has placed in our manufacturing capabilities, quality infrastructure, ability to deliver at scale and operational consistency. It marks our entry into India's mobile phone market, the second largest mobile phone market in the world, at a particularly compelling juncture, as the Government of India continues to drive domestic value addition and import substitution with renewed intent and policy momentum. This is also fully consistent with our stated strategy of maintaining the right balance between high- margin value-added businesses and asset-light high-volume, low-margin businesses. This collaboration meaningfully diversifies our revenue profile and importantly, reduces the seasonal concentration inherent in our room air conditioner business. Let me walk you through the key operational parameters of this arrangement. On the scope, this agreement covers 3 brands, which is Oppo, OnePlus and Realme. Facility side, the manufacturing will be carried out at an existing facility under an sublease arrangement with Oppo India. This structure does not require any Press Note 3 approval. On the capital outlay, consistent with the asset-light nature of this collaboration, capex requirements are very, very minimal. On the time line, we expect trial production to commence in quarter 4 of FY '27, with commercial production to start by quarter 1 of FY '28. On the scale side, we expect to begin with around 8 million units in year 1, followed by a calibrated phase-wise ramp-up. If everything goes as scheduled, we expect to touch the volumes of around 13 million to 15 million in second year of operations. On value addition side, we will commence with assembly first and SMT operations with a clear road map to progressively deepen our value addition into components such as high-density Page 2 of 9 Amber Enterprises India Limited June 20, 2026 interconnect printed circuit boards and then gradually increase local value addition over next 5 years. On the margin side, returns will be in line with the industry standards at the commencement with margin improvement anticipated as operating scale and local value addition increases. Capital efficiency, the business is structurally low on working capital intensity and asset-light in character, both attributes that are conducive to healthy and improving returns on capital employed. On the path ahead, we view this as the beginning of a longer relationship with Oppo. Together, we will explore additional avenues of collaboration aligned with Government of India's vision of Atmanirbhar Bharat focusing on increasing local value addition. This milestone marks a significant inflection point in Amber's evolution, we began as a predominantly room air conditioner focused company. We have since expanded meaningfully into electronics and railways. And today, we enter the mobile phone segment, one of the highest volume consumer electronics categories in the world. We are energized by the opportunities that this next phase of our growth journey presents for Amber, for our shareholders, and for our partnership with Oppo India. Now let me hand over to operator to open for Q&A please. Moderator: Thank you very much. Your first question comes from the line of Sameet Sinha with Macquarie. Please go ahead. Sameet Sinha: Yes. So a couple of questions there. First is, if you can just talk about the economics of the -- on a per unit basis. Are we talking about you recognizing revenue on a gross basis like an ODM, it seems like it's a manufacturing relationship. So you'll probably recognize revenues on the value addition only. And if you can confirm that? And the second one is, how does Amber develop the expertise for this? Is this -- as you mentioned, you can sublease the facility from Oppo. Are you going to use their expertise, their people and pay for the opex? I think those are the first 2 questions. Jasbir Singh: Thank you, Sameet. So first, I'll answer your second question on the capability side. Currently, we are -- at IL JIN, we are already manufacturing 9 million to 10 million of smart watches every year. And we do about more than close to about 15 million of printed circuit board assemblies for various applications. On the bigger boxes side, which is air conditioners, we do about more than 5.5 million boxes every year. So scales side, assembly side is not a problem at all for the group. But since we will be subleasing the existing facilities, we don't anticipate any issues in going through the learning curve. I think we have kept the first 3 months as the learning curve period. That's why we want to go slow in the quarter 4 of this current [Showing first 8,000 characters — download PDF for full document]