Amalgamated Electricity Company Ltd — Important, 13-07-2026: Company Update

The board has approved a major strategic shift, amending its core business to include Artificial Intelligence, IT services, healthcare, vehicle distribution (including EVs), and marketing. To support future growth, the authorized share capital will increase from ₹2.25 Cr to ₹2,000 Cr. Additionally, the company plans a preferential issue of 130 Cr equity shares at ₹5 each, raising ₹650 Cr from non-promoter investors. The registered office will move to Delhi, and two new directors have been appointed. These significant changes require shareholder approval via postal ballot.