Amber Enterprises India Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2024

The consolidated financial results comprise the financial results of the Co and its subsidiaries herein after referred to as the Group and its joint ventures The above unaudited standalone and consolidated financial results of the Company and the Group have been prepared in accordance with the IndAS as notified by MCA pursuant to Section 133 of the Co Act read with Rule and in terms of regulation 33 of the SEBI LODR Regulations and other accounting principles generally accepted in India



The Groups primary business segment is reflected based on the principal business activities carried on by the entities in the Group in the following operating segments ie Consumer durables Electronics manufacturing services EMS and Railway subsystem and Mobility



The Board of AT Railway at their meeting on 23 Mar 2024 approved the formation of a JV alliance with Yujin Machinery Ltd Joint Venture Partner based in South Korea Sinkodia Pte Ltd Financial Partner based in Singapore and Dujin International Financial Partner based in South Korea A definitive agreement was signed on 5 April 2024 for the investment and establishment of a JVC dedicated to the manufacturing of all types of wagons trams trains metros and related ancillary products



During the current quarter the JVC Yujin Machinery India Pvt Ltd was incorporated on 20 Aug 2024 As of 30 Sep 2024 no investments have been made



The Reconstruction Committee of the Board in their meeting on 7 Sep 2024 approved the acquisition of AmberPR business through a slump sale on a going concern basis for a lump sum purchase consideration A business transfer agreement was entered on 30 Sep 2024 with an effective date for the transfer set for 1 Oct 2024



Subsequent to the quarter ended 30 Sep 2024 the JV Committee of the Board of the IL JIN at their meeting held on 15 Oct 2024 approved formation of a JV alliance with KCC to carry on the business of manufacturing of HDI Flex Semiconductor Substrates PCBs and the JV agreement has been executed on 15 Oct 2024












The consolidated financial results comprise the financial results of the Co and its subsidiaries herein after referred to as the Group and its joint ventures The above unaudited standalone and consolidated financial results of the Company and the Group have been prepared in accordance with the IndAS as notified by MCA pursuant to Section 133 of the Co Act read with Rule and in terms of regulation 33 of the SEBI LODR Regulations and other accounting principles generally accepted in India



The Groups primary business segment is reflected based on the principal business activities carried on by the entities in the Group in the following operating segments ie Consumer durables Electronics manufacturing services EMS and Railway subsystem and Mobility



The Board of AT Railway at their meeting on 23 Mar 2024 approved the formation of a JV alliance with Yujin Machinery Ltd Joint Venture Partner based in South Korea Sinkodia Pte Ltd Financial Partner based in Singapore and Dujin International Financial Partner based in South Korea A definitive agreement was signed on 5 April 2024 for the investment and establishment of a JVC dedicated to the manufacturing of all types of wagons trams trains metros and related ancillary products



During the current quarter the JVC Yujin Machinery India Pvt Ltd was incorporated on 20 Aug 2024 As of 30 Sep 2024 no investments have been made



The Reconstruction Committee of the Board in their meeting on 7 Sep 2024 approved the acquisition of AmberPR business through a slump sale on a going concern basis for a lump sum purchase consideration A business transfer agreement was entered on 30 Sep 2024 with an effective date for the transfer set for 1 Oct 2024



Subsequent to the quarter ended 30 Sep 2024 the JV Committee of the Board of the IL JIN at their meeting held on 15 Oct 2024 approved formation of a JV alliance with KCC to carry on the business of manufacturing of HDI Flex Semiconductor Substrates PCBs and the JV agreement has been executed on 15 Oct 2024