Amber Enterprises

** Shares of electronic manufacturing services (EMS) cos up between 0.6% and 7.2%

** Dixon Technologies DIXO.NS leads the pack; shares up 7.2% at 14,635 rupees

** Cyient DLM CYIT.NS up 2,75% at 553.3 rupees and Kaynes Technology KAYN.NS up 2.7% at 3,425 rupees

** Syrma SGS Technology SYRM.NS up 1.5% at 1,425 rupees, Amber Enterprises AMBE.NS up 0.6% at 7,896.5 rupees

** India government approves 625 billion rupee mobile manufacturing scheme to boost production and global competitiveness

** Expands key semiconductor programme with ​fresh capital of 1.28 trillion rupees ($13.30 billion)

** Motilal Oswal believes both these initiatives enhance supply chain resilience and position India as global electronics hub

** Mobile scheme to improve margins and customer stickiness, particularly benefiting DIXO - Motilal

** JP Morgan echoes view; says DIXO stands to benefit most , forecasts 4-5 million export volume upside

($1 = 96.2200 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

The board of IL JIN Electronics, a material subsidiary of Amber Enterprises India, approved a sweeping reorganisation including a 25‑for‑1 bonus share issue, a subdivision of equity shares, and a fivefold increase in authorised share capital to ₹250 crore. The board also resolved to convert IL JIN from a private limited to a public limited company and to evaluate raising capital through various modes, including a potential public issue. No timeline or quantum was set for the fundraising, which remains subject to statutory and market conditions. The bonus shares will be issued from the share premium account, which stood at ₹2,422 crore as of 10 July 2026.

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** Shares of Amber Enterprises AMBE.NS up 2.5% to 7,791 rupees

** Stock to end week with a percentage gain of 4.23%, biggest gain since week ended June 19, 2026, snapping two straight weeks of losses

** Government waived basic customs duty on goods used to make display assemblies and inductor coil modules used in mobile phones for wireless charging

** Move to help domestic production; duty relief to remain in force until March 31, 2029

** YTD, stock up 22.04%

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

** Shares of Indian electronics manufacturing services providers gain after waiver of duty on some mobile phone components

** India has waived basic customs duty on goods used to make display assemblies and inductor coil modules used in mobile phones for wireless charging

** The move aims to support domestic production, with the customs duty relief remaining in force until March 31, 2029, giving manufacturers time to plan investments and expand local output of these components

** Dixon Technologies (India) DIXO.NS jumps 4.5%, Amber Enterprises India AMBE.NS rises 2.9%, and Syrma SGS Technology SYRM.NS gains 2.9%

** YTD, DIXO up ~12%, AMBE up ~20% and SYRM up ~92%

(Reporting by Vijay Malkar)

(([email protected];))

Amber Enterprises India has signed a manufacturing collaboration agreement with Oppo Mobiles India to produce mobile phones for the OPPO, OnePlus and Realme brands in India. The agreement, executed on June 18, 2026, requires no upfront investment from Amber, which will combine Oppo's global product expertise with its own manufacturing scale and local supply chain capabilities. Oppo Mobiles India reported revenue of ₹31,981 crores for the year ended March 2025, making it a substantially larger entity than Amber's group revenue of ₹12,186 crores. The collaboration represents a new line of business for Amber, which has primarily been focused on consumer durables and electronics components, and is expected to enhance local value addition and create operational synergies.

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Amber Enterprises India's material subsidiary IL JIN Electronics has entered into share purchase agreements to buy an additional 38.5% stake in Ascent Circuits Private Limited for Rs 336.75 crore in cash, taking its holding from 60% to 98.5%. The transaction, executed on June 18, 2026, involves two separate agreements with existing shareholders of Ascent, including founder Manjunath Punyamurthy and other family members. Ascent Circuits, a Bangalore-based manufacturer of printed circuit boards, reported a turnover of Rs 401.87 crore for the year ended March 2026, up from Rs 325.17 crore the previous year. The acquisition is classified as a related party transaction conducted at arm's length and will be completed in two tranches, with 37.5% of the stake closing by June 19 and the remaining 1% by June 30. IL JIN aims to achieve near-complete ownership to streamline governance, eliminate minority friction, and capture fuller synergy benefits within the electronics division.

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June 18 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA - IL JIN ELECTRONICS EXECUTES SHARE PURCHASE AGREEMENTS FOR ASCENT CIRCUITS STAKE

• AMBER ENTERPRISES INDIA LTD - IL JIN PROPOSED TO ACQUIRE AN ADDITIONAL 38.50% EQUITY STAKE IN ASCENT

• AMBER ENTERPRISES INDIA LTD - COST OF ACQUISITION 3.37 BILLION RUPEES

Source text: ID:nBSE7J0vPZ

Further company coverage: AMBE.NS

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** Shares of Amber Enterprises India AMBE.NS down 14.2% to 7272 rupees due to weak forecast, and slower growth in Q4

** Despite multiple acquisitions, electronics segment rev grew only 21% y/y in Q4, sharply lower than estimate of over 50% y/y growth - Investec

** The AC maker reported a 15.3% y/y rise in consol net profit, while rev grew 10.5%

** Co's FY27 rev guidance of 40% growth for electronics and 30%-35% for Sidwal, its railway air-conditioning business, was lower than expected 50% growth in both segments, Investec added

** Co's FY27 rev growth guidance was also lower than JP Morgan's estimate of over 59% growth

** Analysts at J.P. Morgan also flagged Q4 rev growth slowed down in consumer durables and electronics to 6% and 21% y/y respectively, against 27% and 79% seen in Q3

** Stock set for its worst session since May 16, 2022

** About 1.6 mln shares traded, 4.8x their 30-day moving avg

** Avg rating of 27 analysts is "buy", median PT is 8,601.5 rupees - data compiled by LSEG

** YTD, AMBE up ~13%

($1 = 96.3225 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

March 30 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA - APPROVED DISINVESTMENT OF 49% STAKE HELD BY SIDWAL IN JV SHIVALIKS MERCANTILE

Source text: ID:nBSEfHD7Q

Further company coverage: AMBE.NS

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March 19 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• TO INVEST 2.96 BILLION RUPEES IN IL JIN VIA RIGHTS ISSUE

Source text: ID:nBSEb8KYyk

Further company coverage: AMBE.NS

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** India's electronics manufacturing services (EMS) sector growth story remains intact despite a sharp 8%–35% correction in recent months, J.P. Morgan says

** In the sector, all stocks except Dixon Technologies Ltd DIXO.NS are expected to deliver 20%–25% revenue growth over FY26–28E, analysts at J.P. Morgan say

** See evidence of the sector upping value addition, evolving from finished product assembly to component and PCB manufacturing - JPM

** Syrma SGS Technology Ltd SYRM.NS remains J.P. Morgan's top pick in the sector, followed by Dixon

** Says with high conviction on revenue path, valuation discount and consumer electronics upcycle, see Syrma as the best risk-reward among the EMS names

** YTD, DIXO down 14.5%, KAYN down ~10% and SYRM up about 2%

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Shares of Indian air conditioner makers are down between 2.3% and 4%

** Blue Star BLUS.NS is down 3%, Voltas VOLT.NS falls 2.8%, Havells India HVEL.NS drops 2.3%, Amber Enterprises AMBE.NS down 4% and Whirlpool of India WHIR.NS is trading 2.5% lower

** Indian AC makers flag production risks as LPG shortage worsens amid West Asia war, according to a Business Standard report

** Report notes LPG is used in brazing and curing of powder-coating

** YTD, BLUS, VOLT and AMBE up ~9%, ~3%, and ~4%, respectively; HVEL and WHIR down ~8% and ~3%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

March 5 (Reuters) -

• HDFC MUTUAL FUND BUYS 241,774 SHARES IN AMBER ENTERPRISES INDIA VIA BULK DEAL - BSE DATA

Further company coverage: AMBE.NS

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** India's electronics manufacturing services sector seen benefiting from federal budget's pivot toward higher value addition and backward integration, brokerages say

** Government proposed increasing outlay for Electronic Components Manufacturing Scheme by 400 billion rupees ($4.36 billion), scaling up manufacturing and boosting semiconductor development

** CLSA says the budget marks a "pivot point" for electronics manufacturing, government allocation supports domestic component manufacturing and integration but flags near-term risks from lower smartphone assembly incentives

** Jefferies says higher allocation supports the medium-term outlook for electronic companies, but flags execution timelines and the expiry of assembly-linked incentives as near-term risks for some players

** Nomura flags continued policy support for electronics and semiconductors in the budget as a key positive within a fiscally restrained framework

** Dixon Technologies DIXO.NS flat, Kaynes Technology India KAYN.NS down 5%, Syrma SGS up 0.73% and Amber Enterprises AMBE.NS down 2.7% on the day

($1 = 91.7125 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Updates

** Shares of Indian electronics manufacturing services firms Dixon Technologies DIXO.NS, Kaynes Technology KAYN.NS, Syrma SGSSYRM.NS, Amber Enterprises AMBE.NS rise

** Stocks gain between 3.25% and 4.83% after government proposes increasing outlay for electronic components manufacturing by 400 billion rupees ($4.36 billion)in federal budget

** Government also proposes scaling up manufacturing and boosting semiconductor development

** EMS firms are seen as key beneficiaries of India's push to localise electronics manufacturing

($1 = 91.6710 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Jefferies expects Indian electronics manufacturing services (EMS) firms to deliver strong earnings per share with CAGR of 44% between FY25 and FY28, based on execution

** Indian government's component manufacturing production-linked incentive (PLI) scheme has benefited companies in the segment, according to analysts at Jefferies

** Brokerage prefers Indian component makers over original equipment manufacturers in 2026

** It estimates total capex of Amber Enterprises AMBE.NS, Syrma SGS Technology SYRM.NS, Kaynes Technology India KAYN.NS and Dixon Technologies DIXO.NS to be ~100 bln rupees between FY26 and FY28; RoCE at 15-17%

** AMBE down 0.6%, KAYN and DIXO slip 5.8% and 2.5%, respectively while SYRM adds 0.2%

** Brokerage's top picks:

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Jan 2 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• SUBSIDIARIES GET APPROVAL UNDER ELECTRONICS COMPONENTS MANUFACTURING SCHEME

Source text: ID:nBSE9kB7L6

Further company coverage: AMBE.NS

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Oct 9 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA LTD - IL JIN ELECTRONICS BUYS 5.6 MILLION SHARES OF UNITRONICS

Source text: ID:nBSE3PdZkv

Further company coverage: AMBE.NS

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July 9 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• TO CONSIDER RAISING FUNDS UP TO 25 BILLION RUPEES

Source text: ID:nBSE7WV8G

Further company coverage: AMBE.NS

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** Dixon Technologies DIXO.NS, Kaynes Technology KAYN.NS and Amber Enterprises AMBE.NS rise 7.5%, 5% and 5.8%, respectively

** Indian government approves production-linked incentive (PLI) scheme for electronics components, with a 229 bln-rupee ($2.66 bln) outlay

** Scheme offers turnover-linked, capex-linked and hybrid incentives

** JM Financial says DIXO, KAYN, AMBE likely to benefit from scheme

** YTD, DIXO, KAYN, AMBE down ~26%, ~35% and ~16%, respectively

($1 = 86.0200 Indian rupees)

S

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

** Shares of Epack Durable EPAC.NS, PG Electroplast PGEL.NS and Amber Enterprises AMBE.NS up between 2%-5%

** Room air conditioners and electronics manufacturing services sectors poised for significant expansion due to favorable macro trends and shift toward domestic electronic goods makers, analyst at Nirmal Bang says

** Brokerage initiates coverage on EPAC with "buy" rating, sets PT of 504 rupees; says co offers reasonable valuations and growing original design manufacturer presence

** Nirmal Bang also initiates coverage on PGEL and AMBE with "hold" ratings; says both cos are fundamentally strong but trade at premium valuations

** Sets PT of 863 rupees and 6,910 rupees on PGEL and AMBE, respectively

** EPACK has most attractive risk-reward opportunity, while PGEL and AMBE are better suited for long-term investment - Nirmal Bang

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Blue Star BLUS.NS hits two-month high of 2,225 rupees as Indian AC makers jump as much as 4%

** Critical AC and refrigerator components exempted from mandatory Bureau of Indian Standards (BIS) certification to prevent shortage during summer, Economic Times reports

** AC makers had highlighted potential shortage due to lack of BIS certification of copper and compressor vendors from China and other countries

** Amber Enterprises India AMBE.NS and Voltas VOLT.NS gain ~3% and ~4%, respectively, to one-month highs; Havells India HVEL.NS adds 2%

** AMBE surges 21% so far in March after warm summer forecast; HVEL, BLUS and VOLT up 8%-15%

** YTD, BLUE rises 4%; HVEL, AMBE and VOLT fall 7%-15%

(Reporting by Vivek Kumar M)

(([email protected];))

** Jefferies says it is positive on electronic manufacturing (EMS), other sectors linked to capex and summer demand in small- and mid-caps

** Top picks are Polycab POLC.NS, Amber Enterprises AMBE.NS, Voltas VOLT.NS and Crompton Greaves Consumer Electricals CROP.NS

** POLC wired for consistent growth despite Ultratech Cement's planned foray into cables and wires segment, says Jefferies

** AMBE likely to benefit from rising domestic market shares in air-conditioners (AC)

** CROP to potentially gain from double-digit growth in premium fans; Voltas to benefit from a demand uptick on forecast of hotter-than-normal summer - Jefferies

** POLC shares up 1.1% on the day; AMBE, VOLT, CROP gain about 3% each - data compiled by LSEG

** Recent market decline is opportunity for investors to evaluate quality in small-cap and mid-cap segments, says Jefferies

** India's benchmark Nifty 50 is down 14.3% from record high levels while small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 are trading 23.8% and 20.5% below their all-time high levels

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** India's warmest February in 124 years could spur a demand uptick in cooling product categories like air-conditioners, air-coolers, refrigerators and fans, says CLSA

** Weather office has warned of further rise in temperature and heatwave days going ahead

** Listed air-conditioner and components makers such as Voltas VOLT.NS, Blue Star BLUS.NS, Amber Enterprises AMBE.NS gain 1.4%-2.7%; Johnson Controls JCHA.NS jumps 6%

** CLSA also expects summer-centric consumer categories like ice creams, beverages, dairy products to benefit from a hot summer

** As power demand picks up, coal availability for non-power sector could get hurt, leading to a rise in e-auction coal prices, which is a positive for Coal India COAL.NS, according to CLSA

** Coal India up 0.5% on the day

** On the flip side, a hot summer could cause water scarcity which could momentarily disrupt construction projects, CLSA says

** Earlier in the week, Jefferies identified AMBE, VOLT, Crompton Greaves CROP.NS as well as pipe and pump makers as its key summer plays

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES INDIA LTD - RECEIVES SHOW CAUSE NOTICE FROM NOIDA CUSTOMS

• AMBER ENTERPRISES INDIA LTD - TO SUBMIT REPLY AFTER CONSULTATION

Source text: ID:nBSE97QSdJ

Further company coverage: AMBE.NS

** Shares of Amber Enterprises India AMBE.NS rise as much as 7.1% to 7,248 rupees

** The consumer durable products manufacturer on Thursday reported Q3 consol net profit of 358.7 mln rupees ($4.2 mln) vs loss of 4.8 mln rupees yr ago, while rev from ops jumped ~65% Y/Y to 21.33 bln rupees

** Co's business segments, consumer durables division and electronics division clocked Q3 rev growth of 67% Y/Y and 96% Y/Y, respectively

** More than 926,000 shares change hands, 0.9x of 30-day avg

** Avg rating of 22 analysts equivalent of "buy", median PT is 6,760 rupees - LSEG data

** Stock rose 53.6% in Dec. qtr, its seventh straight quarterly gain

($1 = 86.2975 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 23 (Reuters) - Amber Enterprises India Ltd AMBE.NS:

• AMBER ENTERPRISES DEC-QUARTER CONSOL NET PROFIT 358.7 MILLION RUPEES

• AMBER ENTERPRISES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 21.33 BILLION RUPEES

Source text: ID:nNSE3c2r2X

Further company coverage: AMBE.NS

(([email protected];))

** Shares of consumer durable products manufacturer Amber Enterprises AMBE.NS climb 1.7% to 7,675.65 rupees

** Jefferies says Amber is its top pick in the electronics manufacturing services sector; retains "buy" rating and raises PT to Street-high of 8,840 rupees

** Jefferies sees co's sales growing 23% CAGR in FY24-27, led by its fast-growing components business, as well as capacity and client addition, and highlights government manufacturing incentives as a bonus

** Adds, stock is its top small and midcap pick

** Avg rating of 22 analysts is a 'buy' on avg, with median PT at 6,760 rupees - LSEG

** Stock more than doubled in value in 2024, outperforming the Nifty Midcap 100 .NIFMDCP100 index's 24% climb

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Amber Enterprises India AMBE.NS jumps 7.7% to a record high of 7,436.8 rupees; set for best day since June 2020

** Consumer durables firm is looking to demerge its electronics division, CNBC-TV18 reports, citing sources

** Bankers appointed to oversee division's demerger and subsequent IPO launch, report says

** Division contributed 29% to co's total rev in September quarter

** AMBE did not immediately respond to Reuters' request for comment

** Stock eyes busiest session since Oct. 24, with traded volumes at 6.6x the 30-day avg

** AMBE rated "buy" on avg; median PT is 6,675 rupees - LSEG

** Stock gains 137% YTD; set for biggest yearly gain since listing in 2018

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Amber Enterprises India AMBE.NS fall 6.5% to 6,054 rupees

** Goldman Sachs cuts AC maker to 'neutral' from 'buy' on limited scope of positive surprises after recent outperformance

** AMBE up ~93% YTD vs 22% gain in broader Nifty Smallcap 100 index .NIFSMCP100

** GS, however, raises TP to 6,300 rupees from 4,550 rupees

** That above 4% above current price but below analysts' median PT of 6,675 rupees, per LSEG data.

** Analysts avg rating is the equivalent of "buy" - LSEG data

(Reporting by Vijay Malkar and Hritam Mukherjee in Bengaluru)

(([email protected];))