Amalgamated Electricity Approves Preferential Allotment of ₹650 Cr

Amalgamated Electricity Company Ltd's Board of Directors met on July 13, 2026, approving several key corporate actions. These include a significant increase in authorized share capital from ₹2.25 crore to ₹2000 crore, and the alteration of the Memorandum and Articles of Association. A major decision was the approval of a preferential allotment of up to 130 crore equity shares at ₹5 each, aggregating ₹650 crore, to identified non-promoter investors. The company also approved changing its registered office from Mumbai to Delhi, and appointed two additional directors: Somesh Yag Ratanchand Kapai and Jay Nareshbhai Tillani. A postal ballot process will be conducted to seek shareholder approval for these changes, with the last date for e-voting set for August 12, 2026.