Amalgamated Electricity Company Limited has submitted a regulatory disclosure to the Bombay Stock Exchange regarding the resignation of an Independent Director. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III to the Listing Regulations.
Nature of Event
Resignation of Non-Executive Independent Director Mr. Krishnaprasad Ramanathan (DIN: 07209850) from the Board of the Company.
Effective Date
The resignation is effective from July 8, 2026.
Reason for Resignation
The resignation was tendered due to personal reasons as stated in the director's email communication.
Appointment History
Mr. Krishnaprasad Ramanathan was appointed as Non-executive Independent Director of the Company effective from September 3, 2025.
Communication Method
The Company received an email of his resignation on July 8, 2026. The email content included: "Please take note of my resignation from the directorship with immediate effect owing to personal reasons" and expressed appreciation for being part of a professional board while wishing the company success with its revival plan.
Board Response
The Board of Directors of the Company acknowledged his valuable contribution and unstinted support during his term as Director of the Company.