Amalgamated Electricity Company is diversifying from its traditional power business into AI, technology, healthcare, and electric vehicles (EVs). To fund this shift, the company approved a preferential issue of 130 crore equity shares at ₹5 per share to raise ₹650 crore. It also plans to increase its authorized share capital from ₹2.25 crore to ₹2,000 crore. The company has updated its business objectives to include AI development, IT infrastructure, integrated healthcare services, hospitals, diagnostics, pharmaceutical products, EVs, charging infrastructure, and media & marketing services. New directors have been appointed, and the registered office is being relocated. The execution of entering multiple complex sectors simultaneously poses a major operational challenge, and all changes are subject to shareholder approval via a postal ballot, with the final date being 12 August, 2026.