Pursuant to Regulation 30 & 31A of the SEBI (LODR) Regulations, 2015 we wish to inform you that the Board of Directors of the company at its meeting held on April 10, 2026 has considered ....
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The Board of Directors of Amalgamated Electricity Company Ltd, at its meeting on April 10, 2026, approved a request from 7 promoter/promoter group entities to be reclassified from the 'Promoter & Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. The entities seeking reclassification include Mrs. Veena Dalal (466 shares, 0.02%), Mr. Satyen Dalal (930 shares, 0.03%), Mr. Milan Dalal (0 shares), CIFCO Limited (2,030 shares, 0.07%), Tropical Securities and Investments Pvt Ltd, Harbinger Trading Company Pvt Ltd, and Pursarth Trading Company Pvt Ltd (all holding 0 shares). Combined, the entities seeking reclassification hold just about 0.12% of the company's shares — a very small stake. Since the combined holding is well below 1% of total voting rights, shareholder approval is not required; the matter now awaits approval from BSE. The entities have confirmed they do not control the company, have no special rights, and will not seek board representation or KMP roles for 3 years.
This is a governance/housekeeping matter with negligible impact on shareholding — the reclassified entities together hold only about 0.12% of the company. No material change in ownership structure or voting power is expected, and the stock price is unlikely to be affected.