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:

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.

Amalgamated Electricity has announced a significant change to its board composition. In a recent board meeting, the company approved the appointment of Mrs. Puja Dalal as an Additional Director, effective from October 3, 2025, subject to shareholder approval at the upcoming General Meeting.

Board Decision and Recommendations

The decision to appoint Mrs. Dalal was made during a board meeting held on September 17, 2025. The appointment came after careful consideration and recommendations from both the Audit Committee and the Nomination and Remuneration Committee.

About Mrs. Puja Dalal

Mrs. Puja Dalal brings a wealth of experience to her new role:

• Over two decades of experience in designer clothing and apparel
• Holds the Director Identification Number (DIN): 03260885

Family Connections

It's worth noting that Mrs. Dalal has significant family ties within the company:

• Wife of Mr. Satyen Dalal
• Sister-in-law of Mr. Milan Dalal

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Next Steps

While Mrs. Dalal's appointment as an Additional Director is effective from October 3, 2025, it remains subject to shareholder approval. The company is expected to seek this approval at its upcoming General Meeting, the date of which has not been specified in the current announcement.

This strategic addition to the board of Amalgamated Electricity potentially brings a fresh perspective from the fashion and apparel industry to the electricity sector. Shareholders and market watchers will be keen to see how this diverse experience might influence the company's future strategies and operations.