Amalgamated Electricity Company Board Meeting Outcome
The company's board approved the appointment of Vatsaraj & Co. as Statutory Auditors, subject to shareholder approval. A revised AGM notice incorporating this was also approved.
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The company's board approved the appointment of Vatsaraj & Co. as Statutory Auditors, subject to shareholder approval. A revised AGM notice incorporating this was also approved.
Amalgamated Electricity Company approved the appointment of Ms. Aradhana Kurup as Managing Director. The board also authorized a loans and investments limit of ₹700 Crore.
The board approved a preferential issue of up to 130 crore shares worth Rs.650 Crore and increased authorized capital to Rs.2,000 Crore. These actions aim to fund future growth.