Amalgamated Electricity Company Limited’s Board of Directors has approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The results indicate a loss for both periods, with a loss of ₹29.74 Lakhs for the quarter and ₹50.43 Lakhs for the half-year, after tax. The Board also delegated certain authorities to the Managing Director concerning the company’s Memorandum of Association.
Financial Results Approved
The Board of Directors of Amalgamated Electricity Company Limited, in their meeting held on October 30, 2026, formally approved the unaudited standalone financial results for the quarter and half-year concluded on September 30, 2026. This approval aligns with regulatory requirements and provides stakeholders with the latest financial performance of the company.
Key Financial Highlights
The financial statements reveal a challenging period for the company. For the quarter ended September 30, 2026, the company reported a Profit/ (Loss) after tax of ₹(29.74) Lakhs. The half-year ended on the same date showed a cumulative loss of ₹(50.43) Lakhs after tax. The total comprehensive income for both the quarter and the half-year mirrored these loss figures.
Memorandum of Association Update
In addition to financial matters, the Board also passed a resolution delegating authority to the Managing Director. This delegation pertains to making any necessary changes or modifications to the Object Clause of the Company’s Memorandum of Association, as may be required. This move is in relation to a Postal Ballot Notice dated October 1, 2026.
Meeting Details
The Board meeting commenced at 3:00 PM and concluded at 3:25 PM on October 30, 2026, indicating a concise session focused on the essential agenda items.
Source: BSE
