Jun 07, 2023 04:01 PM
Amalgamated Electricity Company Ltd
SECTOR : Miscellaneous | BSE :501622 |
Equity Capital: -0.05 Cr FV: 5.00
|Period||MF Net Purchase / (sold)||FII Net|
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.
G-1 Ground Floor Vayu Devta, Complex Borivali East, Mumbai, Maharashtra, 400103
Sharex Dynamic (India) Pvt Ltd
|AGM Date (Month)||:||Sep|
|Face Value Equity Shares||:||5|
|Market Lot Equity Shares||:||1|
|Book Closure Date (Month)||:||Sep|
You can buy Amalgamated Electricity Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Amalgamated Electricity Company Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jun 07, 2023 04:01 PM the closing price of Amalgamated Electricity Company Ltd was ₹ 36.12.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 07, 2023 04:01 PM, the market cap of Amalgamated Electricity Company Ltd stood at ₹ 10.03.
The latest PE ratio of Amalgamated Electricity Company Ltd as of Jun 07, 2023 04:01 PM is 0
The latest PB ratio of Amalgamated Electricity Company Ltd as of Jun 07, 2023 04:01 PM is -0.02
The 52-week high of Amalgamated Electricity Company Ltd is ₹ 66.05 while the 52-week low is ₹ 21.85