Appointment of Company Secretary and Compliance officer
Price
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The Board of Directors of Amalgamated Electricity Company Limited met on May 18, 2026 and approved four key items. First, it reclassified Apurva Investments Company Private Limited from 'Promoter Group' to 'Promoter' status; this entity holds 23.52% of the company's equity shares. Second, Mr. Abhijit K.R. was appointed as Whole-time Company Secretary (he has 10 years of CS experience). Third, M/s Anushree Keshav & Associates was appointed as Company Secretary consultant. Fourth, M/s Sharvari Kulkarni And Associates was appointed as Secretarial Auditor for FY 2025-26. The changes follow a broader reclassification exercise where other promoters are being moved to 'Public' category under SEBI regulations.
These appointments strengthen the company's compliance and governance structure. The promoter reclassification clarifies ownership structure with Apurva Investments now formally classified as a Promoter holding nearly a quarter of the company. No immediate material impact on stock price expected from these administrative changes.