Financial Results for the period ended March 31, 2026
Awaiting price reaction for this filing.
Leel Electricals Limited reported annual revenue of Rs. 2,910.28 Lakhs for FY2026 with Profit After Tax of Rs. 213.85 Lakhs. The company was under liquidation proceedings (initiated by NCLT in December 2021) and was subsequently sold as a going concern to Krishna Ventures Limited (KVL) via auction, with the Sale Certificate issued on June 12, 2024. The auditors issued an unmodified (clean) opinion on the financial statements, though they modified their conclusions due to the liquidation matter. There is a large exceptional item of Rs. 76,111 Lakhs (negative) recorded in the year, likely related to the insolvency proceedings. The company operates in a single segment manufacturing air conditioning components. No dividend was recommended for the year.
The company has returned to profitability after massive losses, but the large exceptional charge and ongoing insolvency-related changes create uncertainty. The liquidation and acquisition by KVL means the company is in a transition phase with new ownership. Shareholders should monitor the takeover completion and future operational plans from the new acquirer.