Announced Mon, 22 Jun · 11:46 IST
Board defers revival plan and preferential allotment decisions
Business Updates View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹101.86
prior close
₹103.89
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+2.0-0.0-1.8-3.8-5.7-9.4-8.3+12.6——
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AI summary
Amalgamated Electricity Company's Board met on June 22, 2026 and deferred multiple key decisions. The Business Revival Plan was not approved as the Board wanted more information from management. The proposed preferential allotment of equity shares to identified persons was also deferred. Other deferred items include increase in authorised share capital, changes to MOA and AOA, change in registered office, and postal ballot notice. No approvals were granted at this meeting.
Likely market impact
Deferment of revival plan and fund-raising signals uncertainty. No concrete approvals granted, which may weigh on near-term shareholder sentiment.