Amalgamated electricity Company Limited's Board of Directors has approved the reclassification requests from seven promoters and promoter group entities seeking to move from the 'Promoter/Promoter Group' category to the 'Public' category. The Board meeting held on April 10, 2026, considered and approved these requests under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Timeline

The company initially received formal reclassification requests on April 09, 2026, and promptly informed BSE Limited the same day. Following regulatory procedures, the Board of Directors convened on April 10, 2026, through video conferencing to deliberate on these applications. The approval is subject to consent from BSE Limited and other applicable regulatory authorities.

Promoter Shareholding Details

The reclassification involves both individual promoters and corporate entities with varying shareholdings in the company:

Regulatory Compliance Confirmations

All applicants have provided comprehensive declarations confirming their eligibility for reclassification. The Board verified that these promoters and promoter group entities do not hold more than 10% of total voting rights and do not exercise control over company affairs. Key confirmations include no special rights through formal or informal arrangements, no representation on the Board of Directors, and no involvement as Key Managerial Personnel for three years from approval date.

Corporate Governance Measures

The Board resolution emphasizes that none of the Directors, Key Managerial Personnel, or their relatives have any financial or other interest in this reclassification. The applicants have confirmed they are not wilful defaulters per Reserve Bank of India guidelines and are not fugitive economic offenders. Additionally, shareholder approval is not required as the combined voting rights of all applicants remain below one percent.

Next Steps and Implementation

Company Secretary Gaurav Sakpal has been authorized to execute all necessary documentation and submissions to BSE Limited and other regulatory authorities. The reclassification will become effective upon receiving approvals from stock exchanges and SEBI. The company has submitted certified extracts of the Board meeting minutes to BSE Limited for reference and record.

Amalgamated electricity Company Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate, filed on April 07, 2026, covers the quarter ended 31st March, 2026.

Regulatory Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations to BSE Limited. Company Secretary and Compliance Officer Gaurav Sakpal signed the submission, which was digitally authenticated on April 07, 2026.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent. The RTA provided confirmation on April 3, 2026, certifying compliance with dematerialisation processes during the quarter.

Sr. Vice President-Corporate Registry Ashok Shetty confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed. The confirmation states that securities were accepted or rejected within prescribed timelines and that all regulatory procedures were followed.

Dematerialisation Process Compliance

The RTA confirmed several key compliance aspects:

• Securities received for dematerialisation were confirmed to depositories within prescribed timelines
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All securities comprised in certificates have been listed on relevant stock exchanges

Company Information

Amalgamated Electricity Company Limited operates from its registered office at G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103. The company maintains its corporate website at www.aekl.net.in and can be contacted at companysecretaryaekl@gmail.com for compliance-related matters.