Amalgamated Electricity Company Board Meeting Outcome
The company's board approved the appointment of Vatsaraj & Co. as Statutory Auditors, subject to shareholder approval. A revised AGM notice incorporating this was also approved.
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The company's board approved the appointment of Vatsaraj & Co. as Statutory Auditors, subject to shareholder approval. A revised AGM notice incorporating this was also approved.
Amalgamated Electricity Company approved the appointment of Ms. Aradhana Kurup as Managing Director. The board also authorized a loans and investments limit of ₹700 Crore.
The board approved a preferential issue of up to 130 crore shares worth Rs.650 Crore and increased authorized capital to Rs.2,000 Crore. These actions aim to fund future growth.
Amalgamated Electricity Company approved the appointment of a new Company Secretary and Secretarial Auditor. It also reclassified Apurva Investments as a Promoter entity.