Outcome of the 90th AGM held on 30 september 2025
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The 90th AGM of Amalgamated Electricity Company Limited (BSE Scrip Code: 501622) was held on September 30, 2025, via video conferencing from 10:00 AM to 10:15 AM. The meeting was chaired by Director Mr. Milan Dalal, with 33 shareholders, 6 Directors, and 2 KMPs present. All 8 resolutions put to vote were passed with the requisite majority, including adoption of the audited financial statements for FY ending March 31, 2025, reappointment of Mr. Milan Dalal as a Director retiring by rotation, and appointment of Kulkarni Pore and Associates LLP as Secretarial Auditor. Several new directors were also appointed, including four Independent Directors and Mr. Satyen Dalal as Whole Time Director. Remote e-voting was open from September 27 to September 29, 2025.
All routine AGM resolutions passed without opposition, with multiple new independent directors and a Whole Time Director joining the board, signalling a refresh in board composition. E-voting results are still to be shared with the exchange, so shareholders should watch for the detailed voting breakdown.