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About Amalgamated Electricity Company
The Amalgamated Electricity Company Limited was incorporated in the year June 17th, 1936. The Company provides a wide range of consultancy and management services.
The Hon'ble High Court at Mumbai, while reviewing the LPA of Company challenging the judgement dated 24th September, 2011 of the Estate Officer as well as the order dated 2nd April had ruled that the Company is liable to pay reduced rent/ compensation @ Rs 125/- per sq.ft and interest @ 9% for the area occupied by the company from 1st September, 2007. Consequently, the company was liable to pay rent/ compensation from 1st September, 2007 to 31st March, 2013 together with interest. The Company thereafter filed a Special Leave Petition before the Hon'ble Supreme Court in April, 2013 which was disposed off on 10th May, 2013. Further to dismissal of Special Leave Petition by the Hon'ble Supreme Court, the Company handed over peaceful possession of premises to Dena Bank on 9th November 2013. As Company handed over peaceful possession of premises to Dena Bank and as Dena Bank has not initiated any further legal steps in any other court, the Company does not foresee any other liability vide a legal opinion.
During the year 2014, the premises at Dena Bank Building, 1st Floor, 17-B, Horniman Circle, Fort, Mumbai 400 023, wherein the Company's Registered Office was situated, were required to be surrendered consequent to the Court orders. Consequently, the Company shifted its Registered Office to Bhupen Chambers, Ground Floor, Unit 1, Dalai Street, Fort, Mumbai 400 001, in compliance with the directive of the Hon'ble Supreme Court to hand over peaceful possession of the premises to Dena Bank.
During the year 2014, Amalgamated Business Solutions Limited (ABSL), Subsidiary of the Company, made a preferential issue of 1,000 equity shares of Rs 10/- each pursuant to Section 81 (A) of the Companies Act, 1956. Further to the allotment of the said shares, the Company's holding in ABSL reduced to 49.40% of the enhanced capital of ABSL. Consequently, ABSL ceased to be a Subsidiary Company.
Parent Organisation
Indian Private
Managing Director
None
Founded
1936
NSE Symbol
Community Discussion
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AngelOne
10th July 2024
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AngelOne
10th July 2024
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Amalgamated Electricity Company Ltd FAQs
What is the share price of Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) shares?
Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) share price as of July 25, 2024, on NSE is Rs 52.54 (NSE) and Rs 52.54 (BSE) on BSE.
Can I buy Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) from Angel One?
Yes, You can buy Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) shares by opening a Demat account with Angel One.
How do I buy Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) from Angel One?
Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) share can be bought through the following modes:
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2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) shares.
1. Direct investment: You can buy Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Amalgamated Electricity Company Ltd (Amalgamated Electricity Company Ltd) shares.
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