This disclosure, made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025, details the outcomes of the Board of Directors meeting of The Amalgamated Electricity Company Limited held on August 21, 2026. The meeting commenced at 2:00 PM and concluded at 2:18 PM.

The Board considered and approved the following matters:

  • Board's Report and AGM: Approved the Board's Report for the financial year ended March 31, 2026, along with its annexures. Approved the date and draft notice for the 91st Annual General Meeting (AGM). The AGM is scheduled for September 25, 2026, and will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
  • Appointment of Managing Director: Approved the appointment of Ms. Aradhana Kurup (DIN: 07957633), an existing director of the company, as the Managing Director. This appointment is subject to approval by the company's members (shareholders) and any other required regulatory approvals. The term of appointment is for 5 years.
  • Profile of New Managing Director: Ms. Aradhana Kurup is described as a senior technology leader with over 27 years of experience in technology consulting, digital transformation, enterprise architecture, and delivery management. Her expertise includes Artificial Intelligence, leading Global Capability Centres (GCCs), program governance, and software delivery strategy. The disclosure states she is not related to any other Directors or Key Managerial Personnel of the company.
  • Loans/Investments/Guarantees: Approved a proposal to make loans, investments, and/or provide guarantees or securities pursuant to Section 186 of the Companies Act, 2013. The approved aggregate limit for such activities is ₹700 Crores. This approval is also subject to any other required approvals under applicable laws.
  • Revival/Restructuring Plan: Approved the Revival/Revival-cum-Restructuring Plan of the company and approved its implementation. The plan is subject to applicable terms, conditions, and approvals.
  • Execution of Agreements: Authorized the execution of definitive agreements and related documents for the proposed revival/restructuring transaction. Designated officers/directors were authorized to negotiate, finalize, execute, and deliver these documents and perform all necessary incidental acts.
  • Scrutinizer Appointment: Appointed Ms. Anushree Keshav, a Practicing Company Secretary (Membership No. A26984, COP No. 22816), as the Scrutinizer for conducting the AGM and e-voting process.