Memorandum of Understanding/Agreements

Date: 18th 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 Complex, Phiroze Jeejeebhoy Towers Dalal Street, Bandra (E) Mumbai – 400 051 Mumbai – 400 001 Scrip Code: 540902 Symbol: AMBER ISIN: INE371P01015 ISIN: INE371P01015 Dear Sir/Ma’am, Sub: Execution of Share Purchase Agreement by IL JIN Electronics (India) Private Limited (“IL JIN”), a Material Subsidiary of Amber Enterprises India Limited (“the Company” / “Amber”), for Acquisition of Additional Equity Stake by IL JIN in Ascent Circuits Private Limited, a subsidiary of IL JIN and a Step-down Subsidiary of the Company Ref: Disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI (LODR) Regulations’), we hereby inform the stock exchanges that Share Purchase Agreements (“SPAs”) have been executed on 18th June 2026 amongst IL JIN Electronics (India) Private Limited (“IL JIN”), a material subsidiary of Amber Enterprises India Limited (“the Company” / “Amber”), Ascent Circuits Private Limited (“Ascent”), a subsidiary of IL JIN and a step-down subsidiary of the Company, Mr. Manjunath Punyamurthy and other shareholders of Ascent, as detailed in the Annexure appended to this intimation (collectively referred to as the “Parties”). Pursuant to the execution of the SPAs, IL JIN proposed to acquire an additional 38.50% equity stake in Ascent in one or more tranches, resulting in an increase in its shareholding from 60% to 98.50%. Consequently, IL JIN will attain near-complete ownership and effective control over Ascent, which is expected to enable closer operational alignment, streamlined governance, and enhanced synergies across its subsidiaries. The details as required to be disclosed in terms of the SEBI (LODR) Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 are provided in “Annexure – A” and “Annexure – B” to this intimation. This intimation is also available on the website of the Company at www.ambergroupindia.com. We request you to kindly take this on your record, disseminate the same on your website and oblige. Thanking You, Yours faithfully For Amber Enterprises India Limited (Konica Yaadav) Company Secretary and Compliance Officer M. No. A30322 Annexure - A DETAILS AS PER SEBI (LODR) REGULATIONS IN LINE WITH SEBI CIRCULAR NO. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 DATED 30TH JANUARY 2026 a) Name(s) of parties with whom the SPA - 1 SPA - 2 agreement is entered IL JIN Electronics (India) Private IL JIN Electronics (India) Limited Private Limited AND AND Mr. Manjunath Punyamurthy Ms. Manju Thomas AND AND Ms. Sanjana Punyamurthy Mr. Mampra Chacko Manjunath Thomas AND AND Ms. Sunaina Punyamurthy Ascent Circuits Private Manjunath Limited Mr. Mampra Chacko Thomas Ms. Manju Thomas Ascent Circuits Private Limited (collectively referred to as the “parties”) b) Purpose of entering into the agreement The SPAs have been executed to facilitate the acquisition of the additional equity stake in Ascent by IL JIN. Pursuant to the said SPAs, IL JIN proposed to acquire additional equity stake of 38.50% in one or more tranches, The acquisition aligns with IL JIN’s strategic objective of strengthening its position in the electronics sector and enhancing operational synergies. c) Size of agreement Rs. 336.75 Crore d) Shareholding, if any, in the entity with Prior to present acquisition, IL JIN held 60% equity stake in whom the agreement is executed Ascent, which is proposed to be increased to 98.50% in one or m ore tranches. e) Significant terms of the agreement (in brief) There are no special or continuing rights under the SPAs. special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any c hange in capital structure etc.; f) Whether, the said parties are related to IL JIN and Ascent form part of Amber’s corporate structure, promoter/promoter group/ group with IL JIN being a material subsidiary of Amber and Ascent companies in any manner. If yes, nature of being a subsidiary of IL JIN and a step-down subsidiary of r elationship; Amber. The other parties to the transaction, namely Mr. Manjunath Punyamurthy, Mrs. Manju Thomas, Ms. Sanjana Punyamurthy Manjunath, and Ms. Sunaina Punyamurthy Manjunath, are existing shareholders of Ascent and are inter se related as family members, wherein Ms. Sanjana Punyamurthy Manjunath and Ms. Sunaina Punyamurthy Manjunath are the daughters of Mr. Manjunath Punyamurthy. Mr. Mampra Chacko Thomas is a Director of Ascent and spouse of Ms. M anju Thomas. g) Whether the transaction would fall within The transaction qualifies as a related party transaction and has related party transactions? If yes, whether been undertaken at an arm’s length. t he same is done at “arms length” h) In case of issuance of shares to the parties, Not applicable details of issue price, class of shares issued i) In case of loan agreements, details of Not Applicable lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis j) Any other disclosures related to such Not Applicable agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of s uch agreements, etc.; k) In case of termination or amendment of Not Applicable agreement, listed entity shall disclose additional details to the stock exchange(s): a) Name of parties to the agreement b) Nature of the agreement c) Date of execution of the agreement d) Details of amendment and impact thereof or reasons of termination and impact thereof. Annexure - B DETAILS AS PER SEBI (LODR) REGULATIONS IN LINE WITH SEBI CIRCULAR NO. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 DATED 30TH JANUARY 2026 b) Name of the target entity, details in brief Ascent Circuits Private Limited (“Ascent”), is a company such as size, turnover etc. incorporated under the provisions of the Companies Act 1956, on 01st February 1999, having its Registered Office at B-13, I.T.I. Industrial Estate, Mahadevpur, Bangalore, Karnataka, India – 560048. It is engaged in the business of Manufacturing of Printed Circuit Boards (PCBs), specializing in single-sided, double- sided, multi-layer, RF, flexible, and specialty PCBs for diverse electronics applications. Capital and Turnover Details: Authorized Share Rs. 2,50,00,000 Capital Paid-up Share Rs. 1,56,00,000 Capital Turnover Financial Year Turnover (Rs. in Lakh) 2025 - 2026 40,187 2024 - 2025 32,517 2023 - 2024 26,320 c) Whether the acquisition would fall within Yes, the proposed acquisition falls within the ambit of related related party transaction(s) and whether party transaction(s) in terms of Regulation 2(1)(zb) read with the promoter/ promoter group/ group Regulation 2(1)(zc) of the SEBI (LODR) Regulations, 2015 and companies have any interest in the entity Section 2(76) of the Companies Act, 2013, since Ascent is a being acquired? If yes, nature of interest subsidiary of IL JIN and a step-down subsidiary of Amber, and details thereof and whether the same is thereby classified as related parties. done at “arm’s length” IL JIN has an existing interest in Ascent by virtue of its current shareholding of 60% and control in Ascent. The transaction will be done at an arm’s length. d) Industry to which the entity being acquired Electronics Manufacturing Industry. b elongs e) Objects and impact of acquisiti [Showing first 8,000 characters — download PDF for full document]