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Amalgamated Electricity Company Ltd logo

Amalgamated Electricity Company Ltd

NSE: BSE: 501622

₹74.66

(4.99%)

Mon, 25 May 2026, 00:11 pm

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Company History

1936

  • The Company was incorporated at Mumbai to manufacture vegetable oils and deoiled cakes.

1940

  • 11,242 Right Equity shares were issued at par in proportion 1:6 Equity/Preference.

1947

  • 13,758 Right Equity shares were issued at par in proportion 1:6 Equity/Pref.

1948

  • 31,250 Right Equity shares were issued at par in the proportion 5:14.

1950

  • 31,250 Right Equity shares were issued at par.

1951

  • 5,400 Pref. (5.5%), 5,000 Pref. (5%) and 2,65,948 No. of Equity shares were allotted to shareholders.

1952

  • Unissued 11,250 Pref. (5%) shares and 59,000 No. of Equity shares were issued at par.

1954

  • 12,500 Right Pref. (5.5%) and 1,25,000 Right Equity shares were issued at par.

1960

  • 90,625 Right Equity shares were issued in the proportion 1:8 Equity.

1961

  • 84,375 Right Equity shares were offered at par in the proportion 1:10 Equity.

1962

  • 2,86,300 Right Equity shares were offered at par in proportion 1:3 Equity.

1964

  • 25,000-10% Right Pref. shares were issued in proportion 1:4 Equity.

1971

  • 16,135-10% Pref. shares were redeemed during the year.

1972

  • 8,865 10% Preference shares were redeemed.

1975

  • 5.5% Pref. and 5% Pref. shares were converted into 3.3% and 3% unsecured bonds respectively.

1976

  • 3,47,064 Bonus Equity shares were issued in proportion 1:3.

1978

  • Future Electronics Pvt. Ltd. became a subsidiary of the Company.

1981

  • The licences were gradually taken over by various State Electricity Boards.

1983

  • The plant could be operated only for about four months due to non-availability of raw materials and unremunerative selling prices.

1984

  • The working results continued to suffer.

1985

  • The working results showed reduced losses as compared to the previous year.

1987

  • The computer division continued to operate under severe competitive conditions.

1988

  • The Company embarked upon new lines of activities, including upgrading the computer division.

1989

  • The Company proposed to divert its activities into leasing business, hire purchase business and exports of commodities.

1992

  • The Company held 132 equity shares of its subsidiary.

2014

  • The Registered Office of the Company was shifted from Dena Bank Building to Bhupen Chambers.

2019

  • The Company split its face value from Rs. 10 to Rs. 5.