Intimation for 32nd Annual General Meeting scheduled to be held on Monday December 29, 2025, at 10:00 A.M. (IST) through VC / OAVM
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering Limited) has called its 32nd AGM on Monday, December 29, 2025, at 10:00 AM IST via Video Conferencing. The meeting is being held to adopt the audited financial statements for FY 2018-19, which is a delayed filing. The company went through the IBC process: NCLT admitted CIRP in March 2020, liquidation was ordered in December 2021, and the company was acquired as a going concern by Krishna Ventures Limited in mid-2024. The new management, which took control in July 2024, is using this AGM to regularize past statutory compliances. The company is also in the middle of a capital restructuring where 94.97% shares (1,02,60,000 equity shares) are being allotted to the promoter group and 5% (5,43,011 shares) to eligible public shareholders in a 43:1 ratio. Only one ordinary business item – adoption of the FY 2018-19 financial statements – is on the agenda.
This is mainly a procedural compliance filing to clear back-log annual reports after the company's revival through the IBC route, so it is unlikely to move the stock. Shareholders should note that voting rights at this AGM depend on the recently completed capital restructuring, and fractional shares will not count. Investors should watch for further updates on the new management's revival plans and business operations under the Lloyd/Leel brand.