Amalgamated Electricity Company Limited has submitted a revised disclosure to BSE Limited under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 (Regulation 30) regarding the resignation of an Independent Director. This revised filing addresses discrepancies previously communicated by the Exchange.
Non-Executive Independent Director Mr. Krishnaprasad Ramanathan (DIN: 07209850) has resigned from his position on the Board and from all committees of the Company effective July 8, 2026. The resignation was tendered due to personal reasons.
The Company received Mr. Ramanathan's resignation via email on July 8, 2026. He was originally appointed as Non-executive, Independent Director effective from September 3, 2025.
As required by Regulation 30 read with Para A of Part A of Schedule III to the Listing Regulations and SEBI Master Circular No. SEBVHO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the disclosure includes:
- Confirmation that Mr. Ramanathan is not a director in any other listed company
- Confirmation that he does not hold any position or membership of board committees in any other company
- Confirmation from Mr. Ramanathan that there are no material reasons for his resignation other than those mentioned in his resignation letter (personal reasons)
The Board of Directors has appreciated Mr. Ramanathan's valuable contribution and unstinted support during his term as Director.
The disclosure was signed by Aradhana Kurup, Additional Director (DIN: 07957633) on behalf of Amalgamated Electricity Company Limited.