Intimation for 37th AGM to be held on 29.12.2025 at 04:00 PM (IST) for the FY 2023-24
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering Limited) will hold its 37th Annual General Meeting on Monday, December 29, 2025 at 4:00 PM via video conferencing, to adopt the audited financial statements for the financial year ended March 31, 2024. The AGM is being held unusually late because the company went through Corporate Insolvency Resolution Process (March 2020) and liquidation (December 2021) before being acquired as a going concern by Krishna Ventures Limited via an NCLT order dated March 21, 2024, with the sale certificate issued on June 12, 2024. The new management, led by Managing Director Neeraj Gupta, took control in July 2024 and has explicitly disclaimed responsibility for the accuracy of historical financials covering FY 2018-19 to FY 2023-24. A capital restructuring is also underway, with 94.97% (1,02,60,000 shares) being allotted to the promoter group and 5% (5,43,011 shares) to eligible public shareholders in a 43:1 ratio, bringing total equity to 1,08,03,011 shares. The e-voting cut-off date is December 23, 2025, with the remote e-voting window running from December 26 to December 28, 2025.
This is largely a procedural filing, so immediate stock impact should be limited. However, the AGM signals the formal regularization of the company's operations under new ownership after a long insolvency process. Investors should review the 43:1 allotment ratio under the capital restructuring and note that the new management has not verified prior-period financials, which may affect the reliability of historical numbers in the annual report.