Amalgamated Electricity Changes Registered Office, Approves Share Capital Increase

Amalgamated Electricity Company Ltd announced a series of significant corporate actions following its Board of Directors meeting on July 13, 2026. Key decisions include approving an increase in authorized share capital from ₹2,25,00,000 to ₹20,00,00,00,000, subject to shareholder approval. The company also approved alterations to its Articles of Association to align with the Companies Act, 2013, and a change in its main object clause. Furthermore, the board approved a preferential issuance of up to 130,00,00,000 equity shares at ₹5 each, aggregating ₹650,00,00,000, to non-promoter investors. A major change is the relocation of its registered office from Mumbai to Delhi. The company also appointed two additional directors, Somesh Yag Ratanchand Kapai and Jay Nareshbhai Tillani, and initiated a postal ballot process for shareholder approval, with voting closing on August 12, 2026.