Amber Enterprises India Limited has secured approval from the National Company Law Tribunal, Chandigarh Bench, for the dispensation of meetings of equity shareholders, secured and unsecured creditors in connection with the amalgamation of its wholly-owned subsidiary AmberPR Technoplast India Private Limited with itself. The order was passed on June 5, 2026, and received by Amber Enterprises on June 8, 2026.
AmberPR Technoplast, incorporated in 2013, manufactures cross flow fans including AC, DC, and high-efficiency EC variants. Since Amber Enterprises holds all equity shares of AmberPR, these shares will be cancelled upon the scheme becoming effective, and no consideration shares will be issued by Amber Enterprises.
As of September 30, 2025, AmberPR had two equity shareholders, no secured creditors, and 12 unsecured creditors with outstanding dues of Rs 7.83 crore. Amber Enterprises had 1,15,647 equity shareholders, 14 secured creditors with outstanding dues of Rs 1,842.02 crore, and 5,557 unsecured creditors with outstanding dues of Rs 1,129.92 crore.
The boards of both companies approved the scheme in October 2024 and May 2025. The amalgamation is expected to reduce legal and regulatory compliances, eliminate duplicate record-keeping, and achieve cost savings through reduced overheads. Post-amalgamation, AmberPR will be dissolved without undergoing the winding-up process. Upon the scheme becoming effective, the authorized share capital of AmberPR will be transferred to and added with the authorized share capital of Amber Enterprises.
Amber Enterprises has been updating the stock exchanges on the scheme since October 2024, with prior intimations on October 22, 2024, May 17, 2025, and April 30, 2026. Amber Enterprises will continue to inform the exchanges of further developments.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.