Annual Report for the FY 2020-21
Awaiting price reaction for this filing.
Leel Electricals Limited has notified the 34th Annual General Meeting to be held on Monday, December 29, 2025 at 12:00 PM via video conferencing. The only ordinary business on the agenda is adoption of the audited standalone financial statements for FY ended March 31, 2021. The annual report and AGM notice are being circulated electronically, with e-voting open from December 26 to December 28, 2025 (cut-off date December 23, 2025). The filing is delayed because the company went through the IBC process — NCLT admitted CIRP in March 2020, ordered liquidation in December 2021, and approved sale as a going concern to Krishna Ventures Limited in March 2024. The new management took control in July 2024 and is using this AGM to regularize pending past filings, disclaiming responsibility for the historical FY 2018-19 to FY 2023-24 period. Capital restructuring has also been undertaken, allotting about 94.97% of shares to the promoter group and 5% to eligible public shareholders in a 43:1 ratio.
Routine procedural filing with no direct impact on stock price. Shareholders should note the delayed annual report for FY 2020-21 (filed nearly 4 years late), the major capital restructuring that has shifted ~95% ownership to the new promoter, and the e-voting cut-off date of December 23, 2025 if they wish to participate.