Appointment of Mr. Bhoopendra Gaur, bearing DIN 11085739, as: - Executive Director; and - Chief Financial Officer (KMP) of the Company
Awaiting price reaction for this filing.
At a board meeting held on 10th May 2025, Leel Electricals Limited accepted the resignations of Mr. Ankit Sharma (Executive Director and CFO) and Ms. Komal Phulwani (Company Secretary and Compliance Officer). On the same day, the board appointed Mr. Bhoopendra Gaur, with over 20 years of experience in sales, accounting and operations, as Additional Executive Director and CFO, subject to shareholder approval. The board also approved the commencement of factory operations from 10th May 2025, with an investment of approximately Rs. 20 crore and an expected turnover of around Rs. 75 crore for FY 2025-26. Additionally, the board approved the Annual Audited Financial Results for FY ending 31 March 2025 and appointed G Aakash & Associates as Secretarial Auditor (5-year term) and Deepak Ingle as Internal Auditor. Approvals were also granted for new borrowings, inter-corporate loans and investment of surplus funds.
The same-day back-to-back replacement of both CFO and Company Secretary indicates orderly succession planning with no governance vacuum. The factory launch and Rs. 75 crore FY26 turnover target signal management's growth ambitions, though investors should monitor the new CFO's execution and the audited FY25 numbers for profitability trends.