Intimation for 38th AGM to be held on 29.12.2025 at 05:00 PM (IST) for the FY 2024-25
Awaiting price reaction for this filing.
Leel Electricals Limited has scheduled its 38th AGM on Monday, December 29, 2025 at 5:00 PM (IST) via video conferencing. The cut-off date for e-voting eligibility is December 23, 2025, with remote e-voting open from December 26-28, 2025. Key agenda items include adoption of FY 2024-25 financial statements, re-appointment of Mr. Durgesh Kumar as Non-Executive Director, and appointment of M/s Vivek Mittal & Associates as statutory auditors for a 4-year term (FY 2025-26 to 2028-29). Shareholders will also vote on ratifying a Rs. 40 crore borrowing for setting up a Rs. 50 crore manufacturing plant, approving an overall borrowing limit of Rs. 100 crore, and ratifying related party transactions worth over Rs. 24 crore with promoter entities Krishna Ventures and Ashva Energy. Additional items include appointments of Mr. Bhoopendra Gaur (Executive Director) and Mr. Kanwar Nitin Singh (Independent Director), plus ratification of Mr. Neeraj Gupta's appointment as Managing Director for 5 years.
This is largely a procedural AGM notice but flags significant operational decisions: a Rs. 50 crore capex push into a new manufacturing plant funded via Rs. 40 crore of debt, and a higher Rs. 100 crore overall borrowing ceiling. The related party transactions with promoter group entities (Krishna Ventures, Ashva Energy) totaling nearly Rs. 25 crore each may draw shareholder attention. Director appointments and auditor ratification are routine but worth monitoring for governance signals.