Intimation of 33rd AGM to be held on 29.12.2025 at 11:00 A.M. (IST) for FY 2019-20
Awaiting price reaction for this filing.
Leel Electricals Limited has notified that its 33rd Annual General Meeting will be held on Monday, December 29, 2025, at 11:00 AM (IST) via video conferencing. The meeting is being held retrospectively for FY 2019-20, as the new management (Krishna Ventures Limited, the successful auction purchaser under NCLT order dated 21.03.2024) is completing pending statutory filings left over from the company's earlier insolvency and liquidation phase. The only ordinary business on the agenda is adoption of the audited standalone financial statements for FY ended March 31, 2020. Remote e-voting will be open from December 26 to December 28, 2025, with the cut-off date being December 23, 2025. The new management has explicitly disclaimed responsibility for the accuracy of historical financial data pertaining to the pre-acquisition period.
This is largely a procedural filing to clear past compliance backlogs rather than a forward-looking corporate action — shareholders only need to adopt old FY 2019-20 accounts. Shareholders should note that capital restructuring is underway, with 94.97% of shares (1,02,60,000 equity shares) being allotted to the promoter group and 5% (5,43,011 shares) to eligible public shareholders in a 43:1 ratio, which will significantly dilute existing public shareholdings once completed.