Annual Report for the FY 2021-22
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering Limited) has filed its Annual Report for FY 2021-22 along with the Notice for its 35th Annual General Meeting, scheduled for December 29, 2025, via video conferencing. The company was admitted to Corporate Insolvency Resolution Process in March 2020 and underwent liquidation proceedings from December 2021. It was subsequently acquired by Krishna Ventures Limited as a Successful Auction Purchaser under an NCLT order dated March 21, 2024, with the new management taking control in July 2024. The new management has disclaimed responsibility for FY 2021-22 figures, as those were under the control of the erstwhile Resolution Professional/Liquidator. Capital restructuring is also underway, with 1,02,60,000 shares proposed to be allotted to promoters and 5,43,011 shares to eligible public shareholders.
The filing is a routine, delayed submission to regularize pending statutory compliances under the new management that acquired the company through the IBC route. Shareholders should note that FY 2021-22 financials are historical and the new management makes no representation on their accuracy. The ongoing capital restructuring will significantly change the shareholding pattern, with promoters receiving 94.97% of shares post-allotment.