Amber Enterprises Completes Divestment of Entire Stake in Shivaliks Mercantile

Amber Enterprises has completed a significant corporate restructuring through its material subsidiary Sidwal Refrigeration Industries Private Limited, which has divested its entire 49% equity stake in Shivaliks Mercantile Limited. The transaction was completed on March 30, 2026, following approval from the Strategic Alliance Committees of both companies.

Transaction Details

Sidwal has entered into a Share Purchase Agreement with JP Fincap Private Limited for the sale of all equity shares held in Shivaliks Mercantile. The divestment marks the end of the joint venture partnership between Sidwal and Shivaliks Mercantile.

Parameter: Details Total Shares Sold: 10,97,98,850 equity shares Transaction Value: Rs. 1,09,798.85 Buyer: JP Fincap Private Limited Completion Date: March 30, 2026 Stake Divested: Entire 49% equity holding

Financial Impact and Write-offs

Sidwal had already written off its full investment in Shivaliks in the financial statements for the quarter ended December 31, 2025, disclosed as exceptional items. During the financial year ended March 31, 2025, Shivaliks contributed a loss of Rs. 25.62 crore to the consolidated financial statements, with no positive net worth contribution.

Financial Metric: Amount (Rs. Lakh) Percentage Income (PAT): (2,562.49) - Net Worth: - -

Buyer Profile

JP Fincap Private Limited is an independent third-party entity incorporated in India on May 19, 1995. The company is engaged in investment and financial services business, with an authorized capital of Rs. 6.00 crore and paid-up capital of Rs. 5.07 crore. The buyer is not related to Amber Enterprises' promoter, promoter group, or group companies, ensuring the transaction does not fall within related party transaction guidelines.

Strategic Implications

The completion of this divestment represents Amber Enterprises' strategic approach to optimizing its portfolio and managing underperforming investments. With the transaction's completion, Shivaliks Mercantile Limited ceases to be a joint venture of Sidwal, allowing the company to focus resources on core business operations. The nominal consideration received reflects the previously recognized impairment of the investment.

Amber enterprises India Ltd. has recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant trading activity in the stock. The transaction represents a notable institutional movement that warrants attention from market participants.

Block Trade Details

The block trade executed on NSE involved substantial value and volume, demonstrating active institutional participation in the stock.

Parameter: Details Total Trade Value: Rs. 22.96 crores Number of Shares: ~36,771 shares Price per Share: Rs. 6244.00 Exchange: NSE

Market Significance

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders looking to buy or sell significant quantities of shares without impacting the regular market price. Such transactions are conducted outside the regular trading mechanism to ensure minimal market disruption.

The price of Rs. 6244.00 per share for this transaction indicates the level at which institutional participants were willing to transact in Amber Enterprises shares. The substantial value of Rs. 22.96 crores reflects the scale of institutional interest in the company's stock.

Trading Activity

The execution of this block trade suggests active institutional participation in Amber Enterprises shares. Such large-scale transactions often indicate portfolio rebalancing, strategic investments, or significant stake changes by institutional investors. The transaction volume of approximately 36,771 shares represents a meaningful portion of trading activity for the stock.

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