Amber Enterprises' material subsidiary, IL JIN Electronics (India), has approved multiple corporate actions aimed at supporting future growth. According to the company's filing, the subsidiary approved the subdivision of equity shares from a face value of ₹10 to ₹5 each and cleared the issuance of 25 bonus shares for every one share held (25:1). The authorised share capital was increased from ₹20 crore to ₹250 crore, with the new structure comprising 49.2 crore equity shares of ₹5 each and 40 lakh preference shares of ₹10 each.
The corporate actions include the conversion of IL JIN from a private limited company to a public limited company and a shift of the registered office from Pune, Maharashtra, to Greater Noida, Uttar Pradesh. As reported by the company, the subsidiary has also 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. The company has also approved consequential amendments to the Memorandum of Association (MoA) and Articles of Association (AoA) to reflect these corporate actions.
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. According to reports, the Finance Ministry issued three separate notifications to implement the duty exemption on inputs used to manufacture these key electronic components. 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 government's policy 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. As reported, the measure aligns with the government's efforts to promote domestic electronics manufacturing under the Production Linked Incentive (PLI) scheme.
