Key Appointments Made at IL JIN Electronics Following Board Meeting
Amber Enterprises India Limited has seen several senior changes within its material subsidiary, IL JIN Electronics (India) Private Limited. The company's board meeting held on August 13, 2026, approved the appointment of new Independent Directors and a Chief Financial Officer (CFO) for IL JIN. Furthermore, the company acknowledged the resignation of an existing Independent Director.Mr. Prakash Iyer and Ms. Sabina Moti Bhavnani were appointed as Additional Directors in the category of Independent Directors, effective from August 13, 2026. These appointments are subject to the approval of IL JIN members at its ensuing Annual General Meeting. Mr. Sudhir Goyal was appointed as the Chief Financial Officer (CFO) for IL JIN, also effective from August 13, 2026.
The key roles and appointees were registered in a formal disclosure detailing their background and terms of service:
| Role | Name | Effective Date | Term/Conditions |
|---|---|---|---|
| Additional Independent Director | Mr. Prakash Iyer | August 13, 2026 | For a term of five consecutive years (up to August 12, 2031), not liable to retire by rotation and subject to approval of IL JIN Members. |
| Additional Independent Director | Ms. Sabina Moti Bhavnani | August 13, 2026 | For a term of five consecutive years (up to August 12, 2031), not liable to retire by rotation and subject to approval of IL JIN Members. |
| Chief Financial Officer | Mr. Sudhir Goyal | August 13, 2026 | Subject to approval of the Audit Committee and Board of Amber Enterprises India Limited. |
Profiles of New Appointments
The appointees bring extensive experience across corporate finance, M&A, and strategic management. Mr. Prakash Iyer is a Chartered Accountant with 30 years of experience in financial services. His background includes serving as Chief Investment Officer (CIO) for Haldirams Nagpur group and CEO of Butterfly Appliances. He currently serves as an Independent Director on the Board of Amber Enterprises India Limited.Ms. Sabina Moti Bhavnani possesses over 30 years of experience spanning Corporate Advisory, Mergers & Acquisitions, Private Equity, and Corporate Finance. She holds a directorship at Standard Chartered Capital and serves in key advisory roles related to asset monetization for her group. Like Mr. Iyer, she is also serving as an Independent Director on the board of Amber Enterprises India Limited.
Mr. Sudhir Goyal is a Chartered Accountant with more than two decades of experience in finance, Treasury, Fund Raising, and Risk Management. He has been associated with the Amber Group since October 2012 and has guided capital market initiatives for the company.
Resignation of Independent Director
The Board of IL JIN also noted the resignation of Ms. Lovely Mehra as an Independent Director. The resignation, effective from the close of business hours on August 13, 2026, is attributed to personal and professional commitments.AMBER Stock Price Movement
On Thursday, Amber Enterprises India Limited rallied as the stock settled at ₹7175, gaining 2.72% in one session. The equity saw a traded volume of 611,964 shares during the trading period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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