Revied Outcome of Board Meeting as reason mentioned in Covering letter. Kindly take this on note.

THE AMALGAMATED ELECTRICITY COMPANY LIMITED Regd. Office: G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103. BSE Limited Department of Corporate Affairs Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001. Subject: Submission of Revised Outcome of Board Meeting held on October 01, 2026 Dear Sir/Madam, With reference to the outcome of the Board Meeting held on October 01, 2026, filed with BSE Limited, we wish to inform you that the reference to Regulation 170(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in connection with the proposed preferential issue of equity shares, was inadvertently mentioned in the earlier submission. Accordingly, we are submitting the revised outcome of the Board Meeting after removing the aforesaid reference. The revision is limited to the above correction, and the other contents of the outcome remain unchanged. We request you to kindly take the revised outcome on record and consider the same in place of the earlier submission. Thanking you, Yours faithfully, For Amalgamated Electricity Company Limited Aradhana Kurup Managing Director DIN: 07957633 CIN: L31100MH1936PLC002497 Tel: +91 81232 10847 E-mail: companysecretaryaecl@ gmail.com ‘Website: www.aecLnet.in THE AMALGAMATED ELECTRICITY COMPANY LIMITED Regd. Office: G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103. BSE Limited October 01,2026 Department of Corporate Affairs Floor No.25, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI-400 001 Telephone: 22721234 Dear Sirs, Subject: OUTCOME OF BOARD MEETING OF AMALGAMATED ELECTRICITY COMPANY LIMITED HELD ON October 01, 2026 REFERENCE: REGULATION 30, SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION2S01,5 This is to inform you that the Board of Directors of the Company at its Meeting held today, i.e. October 01, 2026, considered the following. 1. Approved the Change of Object Clause of the Company in addition to the existing objects Considered and approved alteration of object clause of memorandum of association of the company, subject to necessary approvals more particularly described in the annexure in addition to the existing objects. The details required under Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is given in the enclosed Annexure-I 2. To consider and approve the proposal for issuance of equity shares of the company to certain identified persons / entity on preferential basis: consider and Re approve the proposal for issuance of equity shares of the company to certain identified persons / entity on preferential basis: Considered and decided to Issue upto 130,00,00,000 Equity Shares of Rs.5/- each at issue price of Rs. 5/- each at par, aggregating up to Rs. 650,00,00,000/- (“Total issue Size of Equity") to certain identified non-promoter investors on a preferential basis for cash (as listed in Annexure A) in accordance with the provisions of Section 42 and Section 62 of the Companies Act, 2013, as amended ("Act") read with Companies (Prospectus and Allotment of Securities) Rules, 2014, and Companies (Share Capital and Debentures) Rules, 2014 as amended ("Rules"), Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (LODR) Regulations, 2015 and such other acts / rules / regulations as CIN: L31100MH1936PLC002497 Tel: +91 81232 10847 E-mail: companysecretaryaecl@ gmail.com ‘Website: www.aecLnet.in THE AMALGAMATED ELECTRICITY COMPANY LIMITED Regd. Office: G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103. may be applicable and subject to necessary approval of the members of the Company under SEBI ICDR Regulation and other regulatory authorities. The details required under Regulation 30 read with Part A of Schedule 1II of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is given in the enclosed Annexure II 3. Approved the Resignation of MR. MANGESH NARAYAN SHIRODKAR, Chief Financial officer of the Company. 4. Approved the draft Notice of Postal Ballot of the Company. 5. Decided to approve the conducting of the Postal Ballot process of the Company, with the last date for casting votes (remote e-voting) fixed as 31st October, 2026. 6. Appointed Ms. Anushree Keshav, [Practicing Company Secretary having Membership No. A26984 and COP No. 22816, as the Scrutinizer for conducting the Postal Ballot/e- voting process of the Company. Kindly take same on your record The meeting Started at 1:30 pm and concluded at 2.00pm For Amalgamated Electricity Company Limited Aradhana Kurup Managing Director DIN: 07957633 CIN: L31100MH1936PLC002497 Tel: +91 81232 10847 E-mail: companysecretaryaecl@ gmail.com ‘Website: www.aecLnet.in THE AMALGAMATED ELECTRICITY COMPANY LIMITED Regd. Office: G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103. ANNEXURE I DISCLOSURE OF MATERIAL EVENT UNDER REGULATION 30(2) OF SEBI (LISTING OBLIGATION AND DISCLOUSRE REQUIREMENTS) REGULATION, 2015- SUMMARY OF AMENDMENTS TO THE MOA OF THE COMPANY Pursuant to provisions of Regulation 30(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, the Company hereby discloses the material event as provided in the Schedule 111 of Listing Regulations: The following objects are added in addition to the existing objects in the object clause along with ancillary objects: III (A) MAIN OBJECTS:- 1. To acquire and take over from Belgaum Electricity Co., Ltd., Bulsar Electricity Co., Ltd., and Bhiwandi Electric Supply Co.Ltd., respectively, the Belgaum Electric Licence, 1932 and Bhiwandi Permit under Section 28 granted under notification No.23 of 9-2-25 and reproduced under No.23 of 24-4-30 and the undertakings thereunder and for that purpose to enter into, execute and carry into effect the Agreements referred to in Clause No.4 of the Articles of Association of the Company or any agreements, deeds, guarantees and assurances as may be necessary or proper. 2. To generate, develop and accumulate electrical power within the areas contemplated by the Licenses and permit aforesaid and to transmit, distribute and supply such power throughout the said areas. Also to generate, develop and accumulate electrical power and transmit, distribute and supply the same at any other place or places as may be beneficial to the Company. 3. To carry on, in India or overseas, the business of manufacturers, importers, exporters, contractors, suppliers, engineers, hirers, dealers and distributors for industrial, commercial or domestic purposes, equipment, apparatus, accessories and spare parts of all kinds of electrical, electronic and wireless equipment for generation, distribution, transmission, control and utilization of electrical, atomic or any other energy, hydraulic, mechanical, pneumatic, aviation, refrigeration, air-conditioning equipment, apparatus, accessories and spare parts thereof, office equipment, wire and cables in all their branches. CIN: L31100MH1936PLC002497 Tel: +91 81232 10847 E-mail: companysecretaryaecl@ gmail.com ‘Website: www.aecLnet.in THE AMALGAMATED ELECTRICITY COMPANY LIMITED Regd. Office: G-1, Ground Floor, Nirmal Nest CHSL, Vayu Devta Mandir Complex, Borivali (W), Mumbai 400103. To carry on the business of artificial intelligence and applied Al development — namely to research, design, develop, build, train, deploy, integrate, operate, license, and commercialize artificial intelligence and machine learning applications, software, platforms, models, tools, and solutions of every kind, including generative artificial intelligence, large language models and their fine-tuning and deployment, retrieval [Showing first 8,000 characters — download PDF for full document]