Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018
Awaiting price reaction for this filing.
Leel Electricals has filed the quarterly Reg. 74(5) certificate from its Registrar & Transfer Agent, Skyline Financial Services, confirming that no physical share certificates were received for dematerialisation during the quarter ended 31 March 2026. The company used the same filing to recap its ongoing capital restructuring following NCLT Allahabad orders dated March 2024 and October 2024 under the Insolvency and Bankruptcy Code. The restructuring includes cancellation of the erstwhile promoter group's entire shareholding, consolidation of public shareholders at 1 share for every 43 held (record date 22 Nov 2024), proportionate allotment of 5,43,011 equity shares to eligible public shareholders to meet the 5% minimum public shareholding norm, and a preferential issue of 1,02,60,000 equity shares to the acquirer and its affiliates/strategic investors. The total dematerialised share count stands at 4,01,19,390 (NSDL 2,90,07,045 + CDSL 1,11,23,345), with relevant corporate action forms and listing applications still under process with depositories and stock exchanges.
This is primarily a routine procedural compliance submission with no direct effect on stock price. It does, however, confirm that the post-IBC capital restructuring — including the cancellation of old promoter shares, 1:43 consolidation for retail holders, and a large preferential allotment to the new acquirer — is in its final processing stage, which could materially change the shareholding pattern and liquidity once completed.