Amber Enterprises India Limited has announced that its material subsidiary, Sidwal Refrigeration Industries Private Limited, has completed the disinvestment of its entire 49% equity stake in Shivaliks Mercantile Limited. The transaction was approved by the Strategic Alliance Committees of the Boards of Directors of Amber and Sidwal during meetings held on 30th March 2026.
Sidwal entered into a Share Purchase Agreement with J P Fincap Private Limited for the sale of 10,97,98,850 equity shares in Shivaliks at a nominal value of ₹1,09,798.85. This transaction marks the cessation of Shivaliks as a joint venture of Sidwal.
The financial statements for the quarter ended 31st December 2025 had already accounted for the full write-off of Sidwal’s investment in Shivaliks, which was disclosed as an exception item. The sale agreement was executed on 30th March 2026, and the transaction was completed on the same day.
J P Fincap Private Limited, the buyer, is a privately held company engaged in investment and financial services, with no affiliations to Amber’s promoter group or related companies. The company is based in New Delhi and has an authorised capital of ₹6,00,00,000 and a paid-up capital of ₹5,07,10,200.
This transaction does not fall within the scope of a related party transaction, as confirmed by Amber Enterprises.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).