Amalgamated Electricity Board Approves Name Change and Corporate Office Relocation

Amalgamated Electricity Company Limited announced significant corporate restructuring decisions following its Board of Directors meeting held on December 23, 2025. The board approved key resolutions regarding the company's identity and operational base, marking important strategic changes for the organization.

Board Meeting Resolutions

The board meeting, which commenced at 03:10 p.m. IST and concluded at 05:45 p.m. IST, addressed two primary agenda items that will reshape the company's corporate structure.

Resolution Details	Particulars
Meeting Date	December 23, 2025
Meeting Duration	03:10 p.m. to 05:45 p.m. IST
Primary Resolutions	Name change and office relocation
Regulatory Compliance	SEBI Listing Regulations, 2015

Proposed Name Change

The board approved the change of the company's name, along with consequent alterations to relevant clauses of the Memorandum of Association and Articles of Association. This decision aligns with the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. The proposed name change remains subject to approval from the company's members through the requisite statutory process.

Corporate Office Relocation

In a significant operational move, the board approved relocating the corporate office from its current Mumbai location to Bengaluru. The transition involves moving from the present address at 8 Hamilton House, 2nd Floor, JN Heradia Marg, Ballard Estate, Mumbai 400001 to a new facility in Karnataka's technology hub.

Office Relocation Details	Information
Current Location	8 Hamilton House, 2nd Floor, JN Heradia Marg, Ballard Estate, Mumbai 400001
New Location	484, 15th Cross, Indiranagar 2nd Stage, Bengaluru, Karnataka-560038
Status	Board approved

Regulatory Compliance

The company has communicated these developments to BSE Limited in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The notification was signed by Gaurav Sakpal, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure of material events.

The registered office of Amalgamated Electricity Company Limited remains at G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103, while the corporate office relocation represents a strategic operational shift to Bengaluru's business environment.

It's important to note that both the name change and corporate office relocation are subject to approval from the company's members, as per the board's decision on December 23, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	-100.00%	-100.00%	-100.00%	-100.00%	-100.00%

Amalgamated Electricity Company Limited , a Mumbai-based firm, has reported a significant increase in its net loss for the half-year ended September 30, 2025. The company's financial position raises concerns about its ability to continue as a going concern, according to the latest financial results.

Financial Performance

The company's financial results for the half-year ended September 30, 2025, paint a challenging picture:

Particulars	Half-Year Ended Sept 30, 2025	Half-Year Ended Sept 30, 2024
Net Loss	Rs 9.95	Rs 7.70
Total Income	Rs 0.87	-
Total Expenses	Rs 10.82	Rs 7.70
EPS (Basic)	Rs (0.36)	Rs (0.28)

The net loss for the half-year widened to Rs 9.95 lakh, compared to Rs 7.70 lakh in the same period last year. This increase in losses comes despite the company reporting a total income of Rs 0.87 lakh, which was absent in the previous year's corresponding period.

Balance Sheet Concerns

The balance sheet as of September 30, 2025, reveals significant financial stress:

Total Assets: Rs 23.30 lakh
Current Liabilities: Rs 72.52 lakh
Net Worth: Negative Rs 49.22 lakh

The company's current liabilities exceeded its total assets by Rs 49.22 lakh, indicating a precarious financial position. The paid-up equity share capital stands at Rs 138.83 lakh, but this is offset by negative other equity of Rs 188.05 lakh.

Going Concern Issues

The independent auditor's review report, prepared by Vatsaraj & Co., highlights material uncertainty regarding the company's status as a going concern. The report states:

"The Company's current liabilities exceeded its total assets by Rs 49,22,743/- the ability of the company to carry on business 'as a going concern' is largely dependent upon the future operations, if any and the availability of substantial financial support."

This statement underscores the critical financial situation facing Amalgamated Electricity Company and the need for significant changes or support to ensure its continued operation.

Cash Flow and Borrowings

The cash flow statement reveals:

Net cash used in operating activities: Rs 61.61 lakh
Increase in borrowings: Rs 61.60 lakh

The company has significantly increased its borrowings to offset the negative cash flow from operations, which could further strain its financial position in the future.

Management Commentary

The financial results were approved by the company's Board of Directors at a meeting held on November 11, 2025. Puja Dalal, Executive Director of Amalgamated Electricity Company Limited, signed off on the financial statements. However, no specific management commentary on the results or future plans was provided in the available information.

Investor Relations

The company reported no pending investor complaints at the beginning or end of the quarter, indicating that despite its financial challenges, it maintains clear communication with its shareholders.

As Amalgamated Electricity Company grapples with these financial challenges, stakeholders will be closely watching for any strategic moves or financial support that could help turn around the company's fortunes. The coming months will be crucial in determining whether the company can overcome its current financial distress and continue as a going concern.