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 23,401 equity shares of Ascent Circuits representing the balance 1.50% of its equity stake on fully dilutive basis, from Ms. Manju Thomas and shall issue and allot 13,120 Compulsorily Convertible Preference Shares (CCPS A2) of an issue price of Rs. 10,000 per CCPS A2 (Including a Premium amount of Rs. 9,990 per CCPS A2) to Ms. Manju Thomas as non-cash consideration. Upon Completion of the aforesaid transaction, Ascent Circuits shall become wholly owned subsidiary of IL JIN and the Company.
According to primary filings and dispatches highlighted by NSE India, the latest move impacts key counters including relevant market segments. Market analysts note that volume activity and corporate disclosures indicate significant retail and domestic institutional engagement with the development.
Terminal indicators suggest a balanced risk-reward profile, with institutional participants waiting for confirmation from subsequent quarterly prints or macro cues. Range-bound consolidation is expected in the near term as market participants digest the broader ramifications of the announcement.
Investors and intraday participants are advised to monitor official exchange disclosures on BSE and NSE, alongside subsequent management commentary. ZeroLive will continue monitoring real-time order book developments, price action triggers, and regulatory updates as they unfold.