Amber Group to acquire majority stake in Shogini Technoarts

Amber Enterprises India Limited announced on November 14, 2025, that its subsidiary, IL JIN Electronics (India) Private Limited, has signed agreements to acquire a majority stake in Shogini Technoarts Private Limited. Shogini, incorporated in 1982 and based in Pune, India, specializes in manufacturing various types of printed circuit boards (PCBs), including single-sided, double-sided, multilayered, metal, and flexible PCBs. The acquisition aims to strengthen Amber Group's capabilities in PCB manufacturing, expand its product portfolio, and reduce reliance on external suppliers.

Shogini is not a related party to IL JIN or Amber Enterprises India Limited. The acquisition will involve a cash consideration, with the majority stake being acquired at a mutually agreed value to be disclosed post-closing. Shogini's turnover for the financial year 2024-2025 was INR 39,074.19 Lakh, with INR 33,250.60 Lakh for 2023-2024, and INR 29,737.74 Lakh for 2022-2023. No governmental or regulatory approvals are required for this acquisition.