Financial Results for the quarter ended 30.06.2025
Awaiting price reaction for this filing.
Leel Electricals' board, at a meeting on 7 August 2025, approved the unaudited standalone financial results for the quarter ended 30 June 2025, along with the limited review report from statutory auditor Vivek Mittal & Associates. The document highlights that the company has been undergoing liquidation proceedings since an NCLT order in December 2021, and was subsequently sold as a going concern to Krishna Ventures Limited (KVL) under the IBC, with the sale certificate issued on 12 June 2024. The takeover by KVL is still in progress, including changes in capital structure and record handover. The auditor's review conclusion is "modified" because (i) audited results as on 31 March 2025 remain subject to final adjustments due to pending information from before the sale, and (ii) comparative figures for the corresponding quarter ended 30 June 2024 were not provided. No specific revenue, profit, or margin figures are included in the disclosed document text.
For shareholders, the filing signals continued restructuring uncertainty stemming from the IBC process and an incomplete takeover by Krishna Ventures. The modified auditor opinion — flagging missing prior-year comparatives and pending post-sale adjustments — means reported numbers may still change, limiting the reliability of these Q1 results as a basis for valuation until the takeover and data reconciliation are fully completed.