Amalgamated Electricity defers revival plan and preferential issue

Amalgamated Electricity Company Ltd's Board of Directors met on June 22, 2026, and decided to defer the approval of the company's Business Revival Plan. The Board requires additional inputs and clarifications from management for a comprehensive evaluation. Additionally, the proposal for a preferential equity share issuance was also deferred due to time constraints spent on the revival plan discussions. Several other agenda items, including changes to authorized share capital, MOA/AOA alterations, and change of registered office, were also postponed pending further information and procedural requirements. The meeting commenced at 10:00 am and concluded at 11:22 am.