Financial results
Awaiting price reaction for this filing.
The board of Leel Electricals approved the unaudited standalone financial results for the quarter and nine months ended 31 December 2025, along with a limited review report from statutory auditor Vivek Mittal & Associates. The auditor issued a modified conclusion, highlighting that the company has been under NCLT liquidation proceedings since December 2021. The company was sold as a going concern to Krishna Ventures Limited (KVL), with the sale certificate issued on 12 June 2024. The takeover process, including change in management and restructuring of share capital, is still in progress. KVL is in the process of taking over the company's records and finalising the shareholding pattern with the RTA. No specific revenue, PAT, or margin figures were shared in this filing excerpt.
Shareholders should note that Leel Electricals is under a change-of-control transition via the IBC route, with Krishna Ventures Limited acquiring it as a going concern. Existing equity holders face uncertainty around the ongoing capital restructuring and shareholding changes, which could materially affect their holdings. The modified auditor opinion signals significant corporate transition risk in the near term.