Amalgamated Electricity Company Ltd. intimates BSE of board approval for promoter reclassification from 'Promoter/Promoter Group' to 'Public' category.
Board approved reclassification for Veena Dalal (0.02%), Satyen Dalal (0.03%), CIFCO Ltd (0.07%) and others with zero holdings.
Reclassification approved as entities hold <1% voting rights, exercise no control, and meet all SEBI Regulation 31A criteria.
Approval subject to BSE Limited consent; reclassification does not require shareholder approval due to minimal holdings.