Amalgamation of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN…
As filed · Amber Enterprises India Limited has informed the Exchange about Amalgamation/Merger of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN Electronics (India) Private
What happened
FactAmber Enterprises India Limited has informed the Exchange about Amalgamation/Merger of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN Electronics (India) Private Limited, the material subsidiary of the Company, upon Pronouncement of the order and approval of Scheme of Amalgamation by hon'ble NCLT on 30 May 2025. We wish to inform the exchanges that, the Hon’ble National Company Law Tribunal (‘NCLT’), Mumbai at the. the NCLT, is enclosed…
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
Revisedthe industry expects to grow by somewhere around 20% in quarter 1.
we are estimating a growth of somewhere around 12% to 13% on the complete year.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- we are estimating a growth of somewhere around 12% to 13% on the complete year. (management committed by FY27)
- the industry expects to grow by somewhere around 20% in quarter 1. (management committed by Q1 FY27)
Evidence
- Amber Enterprises India Limited has informed the Exchange about Amalgamation/Merger of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN Electronics (India) Private Limited, the material subsidiary of the Company, upon Pronouncement of the order and approval of Scheme of Amalgamation by hon'ble NCLT on 30 May 2025(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%