Amalgamated Electricity Board approves promoter reclassification to public

Amalgamated Electricity Company Limited's Board of Directors, at a meeting on April 10, 2026, approved requests from several promoters and promoter group entities to reclassify their status from "Promoter / Promoter Group" to "Public" category. This reclassification is subject to approval from BSE Limited. The entities seeking reclassification include Mrs. Veena Dalal (0.02% shareholding), Mr. Satyen Dalal (0.03%), Mr. Milan Dalal (0%), CIFCO Limited (0.07%), Tropical Securities and Investments Pvt Ltd (0%), Harbinger Trading Company Private Limited (0%), and Pursarth Trading Company Pvt Ltd (0%). The total shareholding of these entities is approximately 0.12%. The reclassification complies with Regulation 31A of SEBI (LODR) Regulations, 2015, with applicants confirming they meet the specified criteria, including not holding more than 10% voting rights or exercising control.