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Awaiting price reaction for this filing.
Mr. Satyen Dalal (DIN: 00062822) has resigned from the Board of Directors of Amalgamated Electricity Company Limited, effective October 1, 2025. The reason cited is personal reasons, with no material reasons disclosed. Mr. Dalal was also a member of the company's Nomination & Remuneration Committee and Stakeholder Relationship Committee. The disclosure has been made under SEBI LODR Regulation 30. The filing was signed by Company Secretary Gaurav Sakpal. Mr. Dalal holds directorships in several other listed and unlisted entities including Kemp and Company Limited and First Overseas Capital Limited.
This is a routine, non-executive director resignation for personal reasons from a small-cap company with limited trading activity. It is unlikely to materially affect the stock price or shareholder interests, though investors may note continued board-level changes.