Amber Enterprises India announced that definitive agreements have been executed on 5 April 2024 amongst - AT Railway Sub Systems [a wholly owned subsidiary of Sidwal Refrigeration Industries (Sidwal, a wholly owned material subsidiary of the company)] and Yujin Machinery, a South Korea Based Company & Sinkodia Pte. Ltd., a Singapore based company & Dujin International, a Hong Kong based company, for investment and formation of a new joint venture company in India, to carry on the business of manufacturing of all types of Driving Gears, Couplers, and Pantograph for various rolling stocks, including all types of wagons, trams, Vande Bharat trains, Indian Railways products, high speed and metro trains, regional rapid transit systems, etc, in India or such other places agreed between the parties. Powered by Capital Market - Live News

Amber Enterprises India has signed definitive agreements to acquire 50% stake in Resojet (JV company) - a part of LCGC Resolute Group, Hyderabad, to carry on the business of manufacturing of fully automatic top loading and front-loading washing machine(s) and its components. Pursuant to the above definitive agreements, JV company will be equally owned and controlled by both JV PartnersPowered by Capital Market - Live News

Amber Enterprises India announced the incorporation of a step-down subsidiary - AT Railway Sub System on 15 March 2024. AT Railway Sub System is the wholly owned subsidiary of Sidwal Refrigeration Industries, which is the wholly owned material subsidiary of the company. AT Railway Sub Systems will carry on the business of railway components and sub systems for the rolling stock industry in India and overseas and also to expand their business into the global market. Powered by Capital Market - Live News

Shivaliks Mercantile (Shivaliks), the JV-SPV of Sidwal Refrigeration Industries (Sidwal), the wholly owned material subsidiary of Amber Enterprises India (Amber), has acquired 34.59% stake in the share capital of in Titagarh Firema SpA, a company based out of Italy (Firema), at a cost consideration aggerating to approximately Rs. Euro 20.21 million, to grow capabilities and capacities for various products in India and globally. Powered by Capital Market - Live News

Net loss of Amber Enterprises India reported to Rs 0.48 crore in the quarter ended December 2023 as against net profit of Rs 14.15 crore during the previous quarter ended December 2022. Sales declined 3.97% to Rs 1294.76 crore in the quarter ended December 2023 as against Rs 1348.31 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1294.761348.31 -4 OPM %6.065.82 - PBDT46.8658.53 -20 PBT0.3022.21 -99 NP-0.4814.15 PL Powered by Capital Market - Live News