Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the period and half year ended 30.09.2025
Awaiting price reaction for this filing.
Leel Electricals Ltd has filed a compliance certificate from its Registrar and Share Transfer Agent, Skyline Financial Services, confirming that no physical share certificates were received for dematerialization during the quarter ended 30 September 2025. The company's total dematerialized shares stand at about 4.01 crore, split between NSDL (2.90 crore) and CDSL (1.11 crore). The filing also recaps the major capital restructuring approved by the Board on 24 December 2024 under NCLT orders: all promoter/promoter group shares are being cancelled entirely, and public shareholders will see their holdings reduced to 1 equity share for every 43 shares held as on the record date of 22 November 2024, with no cash payout. Corporate action forms for this restructuring have been submitted to the depositories and are under process.
This is largely a routine compliance submission, but the underlying capital restructuring is highly material — once implemented, it will dramatically shrink the public float (roughly a 43:1 consolidation) and wipe out the promoter stake, which will materially affect shareholding patterns and trading liquidity.