Intimation of 35th AGM to be held on 29.12.2025 at 02:00 P.M. (IST) for FY 2021-22
Awaiting price reaction for this filing.
Leel Electricals Ltd (formerly Lloyd Electric & Engineering Ltd) has called its 35th Annual General Meeting for Monday, December 29, 2025, at 2:00 PM IST, to be held via video conferencing. The sole ordinary business on the agenda is adoption of the audited financial statements for FY ended March 31, 2022. The company notes this is a delayed filing — it was acquired as a going concern by Krishna Ventures Limited through an NCLT order dated March 21, 2024, with the new management taking control in July 2024. As part of the revival, capital restructuring has been carried out: about 94.97% of equity (1.02 crore shares) has been allotted to the promoter group, and roughly 5% (5.43 lakh shares) to eligible public shareholders in a 43:1 ratio. Cut-off date for e-voting eligibility is December 23, 2025, with remote e-voting running from December 26 to December 28, 2025.
Existing public shareholders will see their effective stake drastically reduced (43:1 dilution) following the capital restructuring tied to the insolvency-driven acquisition. The AGM is largely a compliance-clearing exercise for the new management, with no special business proposed — meaningful business updates, if any, are likely to follow in subsequent filings.