Amber Enterprises India Limited has extended the completion timeline for the second tranche of its acquisition of an equity stake in MoMagic Wireless Private Limited to September 30, 2026. The extension replaces the previous scheduled completion date and allows additional time for due diligence. The acquisition is being executed by IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises.
The board of directors approved the timeline extension to ensure thorough due diligence on the transaction and to optimize capital deployment. The decision reflects the company's focus on completing the acquisition with careful review of MoMagic's operations and financial position before finalizing the share purchase agreement.
The announcement complies with Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and aligns with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. All required disclosures have been submitted as Annexure – A and Annexure – B to the intimation dated 14th February 2026.
The formal intimation of the timeline extension was filed by Konica Yaadav, Company Secretary and Compliance Officer (Identification No. A30322), on June 30, 2026, at 16:30:37 IST. The document is available for public access on the company's website at www.ambergroupindia.com.
Additional filing details include Scrip Code: 540902 and ISIN: INE371P01015. The disclosures have been submitted to both BSE Limited and the National Stock Exchange of India Ltd. as required by listing regulations. The company requests dissemination of the information on both exchange websites.
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.