Amber Group enters into a definitive agreement to take majority stake in Shogini Technoarts Pvt Ltd

The IL JIN Electronics India Pvt Ltd, a subsidiary of Amber Group, has entered into a definitive agreement for purchase of majority stake in Shogini Technoarts Pvt Ltd.

Incorporated in 1982, Shogini is a prominent manufacturer of Printed Circuit Boards ranging from single-sided, double-sided, multi-layered, metal clad and flex PCBs from its manufacturing facility based out of Pune. The company provides PCB solutions across diverse applications such as automotive, defense, medical electronics, industrial electronics, power electronics, process control, telecommunication, computer peripheral, LED lighting etc.

Leveraging its engineering expertise and software capabilities, the company delivers highquality manufacturing solutions to marquee customers across the diverse industries.

The partnership propels the Electronic Division's vision to scale the PCB vertical and drive operational efficiency, while advancing localized manufacturing through backward integration to strengthen India's PCB ecosystem.

Mr. Jasbir Singh, Executive Chairman and CEO of Amber Group, said: "Shogini further strengthens the bare PCB vertical and Amber Group's progression into a leading full-stack, backward-integrated EMS company. Together with Ascent Circuits' existing facility, the upcoming new facility, and our strategic JV with Korea Circuit, we are laying a strong foundation to emerge as a leading PCB manufacturer in the country, offering comprehensive solution across single sided, double-sided, multilayer, HDI, flex and semi-conductor substrate PCBs.

Our combined strengths will enable rapid scaling, foster innovation, and deepen local value addition in the highly import-dependent PCB segment and advancing the vision of Aatmanirbhar Bharat."

Mr. Abhijit Tamhankar, Chairman & Managing Director of Shogini, said: "This strategic partnership with Amber Group marks a pivotal moment in our journey, driven by a shared vision to harness synergies and scale the business. Together, we aim to accelerate growth, empower teams, and enhance value to our customers across diverse sectors. We remain deeply committed and look forward to an exciting new phase of growth and collaboration."

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 7378.70 as compared to the previous close of Rs. 7128.60. The total number of shares traded during the day was 18070 in over 4435 trades.

The stock hit an intraday high of Rs. 7398.90 and intraday low of 7095.00. The net turnover during the day was Rs. 131837179.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ConsumerElectronics ILJINElectronicsIndia Agreement MajorityStake Acquisition ShoginiTechnoarts