Amalgamated Electricity Co. Corrects Director Designation in Financials
Amalgamated Electricity Company Ltd has issued a revised outcome of its Board Meeting held on October 30, 2026. The company corrected an inadvertent error in its Un-Audited Standalone Financial Results for the quarter and half-year ended September 30, 2026. The designation of Aradhana Kurup (DIN: 07957633) was incorrectly stated as 'Independent Director' in the Balance Sheet and has been amended to 'Managing Director'. The corrected Balance Sheet, along with the Board Meeting outcome, Limited Review Report, financial results, and Cash Flow Statement, has been submitted. The Board also approved the Un-Audited Standalone Financial Results and delegated authority to the Managing Director regarding changes to the Memorandum of Association's Object Clause.
Key Highlights
- Director designation corrected from Independent to Managing Director.
- Revised financial results and Balance Sheet submitted.
- Board approved unaudited standalone financial results.
- Authority delegated to MD for MOA changes.
- No investor complaints pending during the quarter.
Price Impact
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