Change in Directorate under Regulation 30
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On September 3, 2025, the Board of Amalgamated Electricity Company Ltd approved the appointment of four Additional Independent Directors — Mr. B Ravindra Nath Reddy, Mr. Krishnaprasad Ramanathan, Mr. Ashith Kampani, and Ms. Aradhana Kurup — effective from the same date, subject to shareholder approval at the upcoming 90th AGM. The Board also appointed Mr. Satyen Dalal as Whole Time Director for an initial five-year term, again subject to shareholder approval. The appointees bring diverse backgrounds spanning capital markets, financial services, clinical research, and technology, with none debarred by SEBI. All appointments require ratification at the next Annual General Meeting.
A significant board overhaul with five new directors appointed in one go, adding fresh expertise but also bringing in a family connection — Satyen Dalal is the brother of Milan Dalal, the company's key contact person (per the registered office email). Shareholders should watch for the AGM voting outcome and any governance implications of the simultaneous appointments.