Announced Mon, 18 May · 17:05 IST

OutCome of Meeting held today 18th May 2026 for appointment of Whole time Company Secretary and matters mentioned in the letter attached herewith.

Ownership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
1-day move
₹64.51
prior close
base price
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+10.2+15.7+15.7+14.7+39.0+57.9+61.3
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AI summary

The Board of Directors of Amalgamated Electricity Company Limited met on May 18, 2026 and approved four key items. First, Apurva Investments Company Private Limited was re-classified from 'Promoter Group' to 'Promoter' category; this entity holds 6,52,970 equity shares representing approximately 23.52% of the company's paid-up share capital. Second, Mr. Abhijit K.R. was appointed as the Whole-time Company Secretary with 10 years of 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.

Likely market impact

The re-classification of Apurva Investments from Promoter Group to Promoter formalizes its existing controlling stake (23.52%) within the company's shareholder structure, aligning with regulatory requirements following the planned reclassification of other promoters to 'Public' category.