Amber Enterprises subsidiary IL JIN Electronics receives credit rating upgrade

CRISIL Ratings upgraded the credit rating for IL JIN Electronics (India) Private Limited's bank facilities on November 21, 2025. The long-term rating for the subsidiary's facilities of INR 320 Crore was raised to Crisil AA-/Positive from Crisil A+, with the 'Rating Watch with Developing Implications' removed. Similarly, the short-term rating was upgraded to Crisil A1+ from Crisil A1, also removing the 'Rating Watch with Developing Implications'.

The upgrade reflects an improved assessment of IL JIN Electronics (India) Private Limited's financial health and prospects. This change impacts various bank facilities, including fund-based facilities from YES Bank, ICICI Bank, HDFC Bank, and Axis Bank, as well as long-term loans from HDFC Bank and Shinhan Bank, and non-fund-based limits from HDFC Bank and Axis Bank.

This development aligns with the company's commitment to transparency, with all relevant information also available on Amber Enterprises India Limited's investor relations website. The rating letter is valid until March 31, 2026.