Annual Report for the FY 2018-19
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering) has filed the notice for its 32nd Annual General Meeting to be held on Monday, December 29, 2025, at 10:00 AM via video conferencing, along with the Annual Report for FY 2018-19. The only ordinary business item is the adoption of audited financial statements for the year ended March 31, 2019. The filings are being made by the new management that took control in July 2024 after acquiring the company as a going concern through the NCLT insolvency process, with Krishna Ventures Limited as the successful auction purchaser. The new management has included a disclaimer stating it is not responsible for the accuracy of historical FY 2018-19 records, as those were prepared under the erstwhile directors/liquidator. The filing is being done to regularize past statutory compliances, noting capital restructuring is already underway where 94.97% of shares (1,02,60,000) go to promoters and 5% (5,43,011) to eligible public shareholders in a 43:1 ratio.
For shareholders: voting rights at this AGM are tied to the post-restructuring share base of 1,08,03,011 equity shares, so existing shareholders should verify their holdings reflect the capital restructuring. The filing signals the company is completing legacy IBC-era compliances and moving toward a clean operational slate, though historical FY 2018-19 financials should be read with the management's disclaimer in mind.