Amalgamated Electricity Company Ltd — Updates, 06-05-2025: Company Update

Apurva Investments Company Limited has announced a board meeting on the proposed acquisition of 590,468 shares (21.27%) of Amalgamated Electricity Company Limited from promoters/promoter group entities including Milan Dalal and related firms. This inter-se transfer among promoters will raise Apurva’s holding from 2.25% to 23.52%. The acquisition price will comply with regulatory price limits and all conditions for exemption from an open offer have been met. This consolidation strengthens Apurva’s stake and control in Amalgamated Electricity Company, signaling increased promoter alignment.