Pursuant to Regulation 30 of SEBI LODR Regulations we wish to inform the exchange that IL JIN Electronics (India) Limited a material subsidiary of the Company has entered into a Share Swap Agreement on 18th October 2026 in terms of the said agreement IL JIN shall acquire 1 75 680 equity shares of Power-one Micro Systems Private Limited representing its balance 40% equity stake on a fully dilutive basis from existing shareholders of Power-One and shall issue and allot 1 76 000 Compulsorily Convertible Preference Shares (CCPS A3) at an issue price of Rs. 10 000 per CCPS A3 (including a premium of Rs. 9 990 per CCPS A3) to the Sellers as non-cash consideration. Upon completion of the aforesaid transaction Power-One shall become a wholly owned subsidiary of IL JIN and the Company.
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