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.

Amalgamated Electricity has reported its financial results for the first quarter, along with significant management changes and corporate updates.

Financial Performance

The company reported no revenue for the quarter ended June 30, and incurred a loss of ₹5.35 lakh. This loss is slightly higher compared to the ₹5.26 lakh loss reported in the same quarter of the previous year. The company's expenses increased to ₹5.35 lakh from ₹1.58 lakh in the previous quarter.

Corporate Updates

The Board of Directors, in their meeting held on August 12, approved the unaudited financial results for the quarter ended June 30. They also made several key decisions and announcements:

1. Annual General Meeting: The 90th Annual General Meeting of the company is scheduled for September 30.

2. Management Changes:

   • Mr. Gaurav Sakpal has been appointed as the new Company Secretary & Compliance Officer, effective August 12. Mr. Sakpal is an associate member of the Institute of Company Secretaries of India, with a background in law and commerce from Mumbai University.
   • Mr. Shreekant Kudtarkar, the previous Company Secretary & Compliance Officer, has resigned from his position, effective August 12.
   • Mr. V.M. Satyan has completed his second and final term as an Independent Director and will cease to be a Director of the company from September 24.

3. Investor Relations: The company reported no pending investor complaints at the beginning or end of the quarter, with no new complaints received during this period.

The financial results were prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under the Companies Act, 2013. The company's paid-up equity share capital remains unchanged at ₹138.83 lakh.

Investors and stakeholders can access the detailed financial results on the company's website at www.aecl.net.in .