Amber Enterprises Executes Amendment to JV Pact; IL JIN Gains Board Control in Stelltek, Converts JV into Step-Down Subsidiary

Gurugram, February 16, 2026 (IST) – Amber Enterprises India Limited (BSE: 540902 | NSE: AMBER) has announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has executed an amendment to its existing joint venture agreement, resulting in acquisition of control over Stelltek Technologies Private Limited.
The amendment agreement was executed on February 15, 2026, between IL JIN, Stelltek Technologies Private Limited, and Nexxbase Marketing Private Limited. Following the amendment, IL JIN has secured the right to nominate and appoint a majority of directors on the board of Stelltek, thereby acquiring management and policy control.

Key Transaction Highlights​

Importantly, there is no change in shareholding or capital structure of Stelltek. Control has been acquired purely through enhanced governance rights.

Amendment Details​

As part of the restructuring, IL JIN is initiating the appointment of Mr. Sudhir Goyal (DIN: 01104230) as Non-Executive Additional Director on the Board of Stelltek. Mr. Goyal also serves as Chief Financial Officer of Amber Enterprises.
This board reconstitution enables IL JIN to exercise decisive influence over management and policy decisions of Stelltek.

About Stelltek Technologies​

Stelltek Technologies Private Limited was incorporated on December 26, 2023, and operates in the electronics industry. The company is engaged in manufacturing, assembling, and designing wearables and smart electronic products.

Capital Structure and Turnover​

The acquisition is aimed at strengthening governance oversight and aligning Stelltek’s operations with IL JIN’s long-term strategic objectives. The move is expected to enhance managerial supervision, streamline decision-making, and improve operational efficiency within the group structure.

About Amber Enterprises India Limited​

Amber Enterprises India Limited is a leading solution provider for the air conditioning and consumer durable industry in India. The company is listed on both BSE and NSE and operates through a diversified electronics and manufacturing ecosystem, including room air conditioners, components, and electronics manufacturing services.
With Stelltek now becoming a step-down subsidiary, Amber further strengthens its footprint in the smart electronics and wearables segment through enhanced governance control.

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