Amalgamated Electricity Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/06/2026 ,inter alia, to consider and approve Fund Raising
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Amalgamated Electricity Company Ltd (BSE: 501622) has informed BSE that its Board of Directors will meet on June 8, 2026 at 3:00 pm in Bengaluru. The main agenda is to consider and approve a proposal for raising funds through the issue of equity shares and/or other equity-linked or convertible securities, including warrants, via a preferential issue or other permissible modes. The proposal will require shareholder approval, which the Board plans to seek through an extra-ordinary general meeting or postal ballot. The trading window for designated persons has been closed until 48 hours after the board meeting outcome is declared.
This is a preliminary intimation with no firm decision yet — shareholders should await the June 8 board outcome for details on size, price, and dilution. A successful preferential issue could bring in fresh capital but may also lead to dilution of existing equity holders depending on the terms.