AMALGAMATED ELECTRICITY CO.LTD.

Amalgamated Electricity Company Ltd's Board of Directors met on August 21, 2026, approving key decisions including the Board's Report for FY26, and fixing the 91st Annual General Meeting for September 25, 2026, via Video Conferencing. A significant development was the approval of Ms. Aradhana Kurup's appointment as Managing Director, subject to member and regulatory approvals. The board also sanctioned a proposal for loans/investments/guarantees up to ₹700 Crores and approved a Revival/Restructuring Plan, authorizing designated officers to execute definitive agreements. Ms. Anushree Keshav was appointed as Scrutinizer for the AGM.

Amalgamated Electricity Company Ltd's Board of Directors met on August 21, 2026, approving the Board's Report for FY26 and setting the 91st Annual General Meeting for September 25, 2026, to be held via VC/OAVM. Key decisions include the appointment of Ms. Aradhana Kurup as Managing Director for 5 years, subject to member approval. The board also approved a proposal for loans/investments/guarantees up to ₹700 Crores and authorized the implementation of a Revival/Restructuring Plan, including the execution of definitive agreements. Ms. Anushree Keshav was appointed as the Scrutinizer for the AGM.

Amalgamated Electricity Company Ltd has scheduled a Board of Directors meeting for August 21, 2026, to approve the Board's Report for the financial year ended March 31, 2026. The meeting will also address the 91st Annual General Meeting, the appointment of Ms. Aradhana Kurup as Managing Director, and a proposal for loans/investments up to ₹700 Crores. Additionally, the board will consider a revival/restructuring plan and authorize related agreements.

Amalgamated Electricity Company Ltd announced its Un-Audited Financial Results for the quarter ended June 30, 2026. The Board of Directors approved these results at a meeting held on August 10, 2026. The auditor's report notes a material uncertainty regarding the company's ability to continue as a going concern, as total liabilities exceeded total assets by ₹93.47 lakhs. The company's ability to continue operations is dependent on future operations and financial support. The auditor found no material misstatements in the accompanying financial statement.

Amalgamated Electricity Company Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on August 10, 2026. The auditor's report notes a material uncertainty regarding the company's ability to continue as a going concern, as total liabilities exceeded total assets by ₹93.47 lakhs. The company's ability to continue operations is largely dependent on future operations and substantial financial support. The auditor's conclusion was not modified in respect of this matter.

Amalgamated Electricity Company Ltd has announced that its Board of Directors will convene on August 10, 2026. The primary agenda item is to consider and approve the Un-Audited Standalone Financial Results for the quarter ending June 30, 2026. The company also noted that the trading window for its shares has been closed since July 1, 2026, and will remain shut for 48 hours post the declaration of financial results, in compliance with SEBI's Insider Trading Regulations.

Amalgamated Electricity Company Ltd announced key board decisions on July 13, 2026. The company approved an increase in authorized share capital from ₹2.25 crore to ₹2000 crore and an alteration of its Memorandum and Articles of Association. A significant move includes the approval of a preferential issue of up to 130 crore equity shares at ₹5 each, aggregating ₹650 crore, to identified non-promoter investors. The board also approved the appointment of Somesh Yag Ratanchand Kapai as Additional Director and Jay Nareshbhai Tillani as Additional Non-Executive Independent Director. Additionally, the company resolved to change its registered office from Mumbai to Delhi and will conduct a postal ballot process for shareholder approval.

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.

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.

Amalgamated Electricity Company Ltd has submitted a revised disclosure regarding the resignation of its Non-Executive Independent Director, Mr. Krishnaprasad Ramanathan (DIN: 07209850). The resignation is effective July 8, 2026, due to personal reasons. The company clarified that Mr. Ramanathan holds no directorships in other listed entities and confirmed there are no material reasons for his resignation beyond those stated. The Board of Directors expressed appreciation for his contributions.