Commencement of Commercial Operations w.e.f. 10.05.2025
Awaiting price reaction for this filing.
Leel Electricals Ltd has commenced factory operations with effect from May 10, 2025, backed by an investment of approximately Rs 20 crore. The company expects this new facility to generate turnover of approximately Rs 75 crore in FY 2025-26. The board also approved the company's annual audited financial results for the year ended March 31, 2025. In management changes, Company Secretary Komal Phulwani and Executive Director & CFO Ankit Sharma resigned, while Bhoopendra Gaur was appointed as Additional Executive Director and CFO. The board also approved borrowings, inter-corporate loans and investments, and appointed new secretarial and internal auditors.
The Rs 20 crore investment targeting Rs 75 crore in FY26 turnover suggests a meaningful revenue ramp-up, which could be positive for growth prospects. However, the simultaneous exit of the CFO and Company Secretary may raise short-term governance concerns among investors.