Amber Enterprises India Limited Announces the Resignations of Sanjay Arora and Udaiveer Singh as Key Managerial Personnel
July 15, 2023 at 01:21 am EDT
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Amber Enterprises India Limited announced that the Board of Amber and the material subsidiaries of the company, that is IL JIN Electronics (India) Private Limited (ILJIN) and Sidwal Refrigeration Industries Private Limited (SIDWAL) (Material Subsidiaries) have vested Mr. Sanjay Arora and Mr. Udaiveer Singh, with critical roles and functionalities and positioned them as: Mr. Sanjay Arora was appointed and designated as Whole Time Director, in ILJIN, effective 15 May 2023 AND Mr. Udaiveer Singh has been appointed and designated as Managing Director of SIDWAL since 29 May 2020. Since, the above material subsidiaries are gaining size and momentum, in view of the enhanced responsibilities in the said material subsidiaries, Mr. Sanjay Arora and Mr. Udaiveer Singh shall be exclusively focusing and dedicating their continuing efforts for expansion, diversification, advancement and development of above material subsidiaries. In light of the above, Mr. Sanjay Arora and Mr. Udaiveer Singh will no longer be designated as KMPs in the Company while they continue to play lead roles for the respective subsidiaries. The same has been taken on record by the Board of Amber in its meeting held on
14 July 2023.
Amber Enterprises India Limited is engaged in manufacturing of consumer durable products. The Company is a solution provider for air conditioner original equipment manufacturer (OEM) /original design manufacturer (ODM) industry in India. It designs and manufactures complete refrigeration and air conditioning (RACS) including window air conditioners (WACS) and indoor units (IDUS) and outdoor units (ODUS) of split air conditioners (SACs) with specifications ranging from 0.75 ton to two tons, across energy ratings and types of refrigerants. It also manufactures functional components of RACS that include heat exchangers, motors and multi-flow condensers with other components, such as sheet metal components, copper tubing and including plastic extrusion, vacuum forming and injection molding processes. The Company also manufactures components, other durables, and automobiles, such as case liners for refrigerator, plastic extrusion sheets, and sheet metal components for microwave.