Amalgamated Electricity Defers Revival Plan and Preferential Allotment

Amalgamated Electricity Company Ltd's Board of Directors met on June 22, 2026. The board deferred the consideration and approval of the company's Business Revival Plan, citing the need for additional inputs and clarifications from management. Additionally, the proposal for a preferential equity share issuance was also deferred due to extended discussions on the revival plan. Several other agenda items, including changes to share capital, MOA, AOA, registered office, and postal ballot notice, were also postponed to a subsequent meeting pending requisite information and procedural completion. The meeting commenced at 10:00 am and concluded at 11:22 am.