Intimation of 36th AGM to be held on 29.12.2025 at 03:00 PM (IST) for the FY 2022-23
Awaiting price reaction for this filing.
Leel Electricals Limited has called its 36th AGM for December 29, 2025 at 3:00 PM, to be held via video conferencing. The meeting covers the FY 2022-23 annual report, which is being filed late because the company was under corporate insolvency resolution since March 2020 and liquidation since December 2021. The company was acquired as a going concern by Krishna Ventures Limited with NCLT approval on March 21, 2024, and new management took over in early July 2024. The new management explicitly disclaims responsibility for the historical period covered by this annual report. The company is also undergoing capital restructuring, with 1,02,60,000 equity shares (94.97%) allotted to the promoter and promoter group and 5,43,011 shares (5%) allotted to eligible public shareholders in a 43:1 ratio. The only business on the AGM agenda is the ordinary resolution to adopt the audited financial statements for the year ended March 31, 2023.
For shareholders, this is largely a procedural AGM to clear years of pending filings after the company's emergence from insolvency. Investors should note the e-voting cut-off date is December 23, 2025, and the new management is working to revive operations. The capital restructuring will significantly change the shareholding pattern, with promoters taking a 94.97% stake.