Amalgamated Electricity Company Clarifies Independent Director Resignation Under SEBI Regulation 30

1 min read | Published on 23 Jan 2026, 05:53 PM |Updated on 23 Jan 2026, 05:53 PM

Reviewed by

Suketu GScanX News Team

Key Highlights

The Amalgamated Electricity Company Limited has provided regulatory clarification regarding the resignation of Independent Director Ms. Aradhana Kurup (DIN: 07957633), effective January 13, 2026. The company confirmed to BSE Limited under SEBI Regulation 30 that no additional material reasons exist beyond the previously stated personal reasons and professional commitments. This clarification ensures complete transparency and regulatory compliance regarding the board composition change.

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Amalgamated Electricity Company Limited has issued a formal clarification to BSE Limited regarding the recent resignation of its Independent Director, providing additional transparency on the corporate governance matter.

Director Resignation Details

The company clarified the circumstances surrounding Ms. Aradhana Kurup's resignation from her position as Independent Director. The resignation details are outlined below:

Parameter:	Details
Director Name:	Ms. Aradhana Kurup
Director Identification Number:	07957633
Position:	Independent Director
Resignation Date:	January 13, 2026
Stated Reasons:	Personal reasons and professional commitment

Regulatory Compliance and Clarification

The clarification was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the initial announcement made on January 13, 2026. Company Secretary and Compliance Officer Gaurav Sakpal confirmed that no additional material reasons exist for the resignation beyond those previously disclosed to the stock exchange.

The company emphasized that the resignation was solely due to personal reasons and professional commitments, with no other underlying factors contributing to Ms. Kurup's decision to step down from the board.

Corporate Governance Transparency

This clarification demonstrates the company's commitment to maintaining transparent communication with stakeholders and regulatory compliance. The formal communication to BSE Limited ensures that all material information regarding board changes is properly documented and disclosed in accordance with SEBI regulations.

The Amalgamated Electricity Company Limited, incorporated in 1936 and headquartered in Mumbai, continues to maintain its regulatory obligations while managing board transitions in line with corporate governance best practices.

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