Amalgamated Electricity Company Limited has received "no objection" letters from the stock exchanges on June 2, 2026, for the reclassification of seven promoters from the 'Promoter and Promoter Group' category to the 'Public' category shareholder.
The reclassification request was received from the following promoters with their respective shareholdings:
- Veena M Dalal: 466 shares (0.02%)
- Satyen Bhupendra Dalal: 930 shares (0.03%)
- Milan Dalal: 0 shares (0%)
- CIFCO Limited: 2,030 shares (0.07%)
- Tropical Securities And Investments Pvt Ltd: 0 shares (0%)
- Harbinger Trading Company Private Limited: 0 shares (0%)
- Pursarth Trading Company Pvt Ltd: 0 shares (0%)
Total shares affected: 2,496 shares (0.12% of total shareholding)
The company had submitted the application for reclassification to the stock exchanges on April 15, 2026. However, the company made an announcement pursuant to Regulation 31A(8)(c) on May 6, 2026, which was delayed as the disclosure should have been submitted within 24 hours of the application submission (by April 16, 2026).
BSE Limited issued a warning letter dated June 2, 2026 (Reference: LIST/COMP/HG/086/2026-27, Case ID: 501622) for this delay in compliance and advised the company to initiate corrective measures to avoid recurrence of such lapses. The exchange stated that any future aberration will be viewed seriously and appropriate action would be initiated.
The no-objection letters and related documents are available on the company's website at https://www.aecl.net.in/.
The communication was signed by Aradhana Kurup, Executive Director (DIN: 07957633) on behalf of the company.