The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tropical Securities & Investments Pvt Ltd
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Tropical Securities and Investments Pvt Ltd, part of the promoter/promoter group of Amalgamated Electricity Company, has disclosed an inter-se transfer of its entire 200-share holding (0.01% of total equity) in the company. The transaction was carried out on 23 May 2025 as an inter-se transfer (i.e., between promoter group entities). After this transfer, Tropical Securities holds nil shares in the company. The total equity share capital of Amalgamated Electricity Company remains unchanged at 27,76,512 shares. This is a revised disclosure under Form C and Regulation 29(2) of the SEBI Takeover Regulations, 2011.
The transfer involves a negligible 0.01% stake and is an internal reshuffling among promoter group entities, so it has no meaningful impact on the stock price or overall promoter control of the company.