Meeting Update

Amalgamated Electricity Company Ltd's Board of Directors met to discuss a business revival plan and a preferential allotment of equity shares. Both the revival plan and the fundraise proposal, along with other key agenda items like increasing authorized share capital and changing the registered office, were deferred. The deferrals were attributed to the need for additional inputs, clarifications, and extended discussions. No approvals were granted for any of the proposed items, indicating a delay in the company's strategic and financial initiatives.