Intimation regarding Reconciliation of Share Capital Audit Report as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30.06.2025
Awaiting price reaction for this filing.
Leel Electricals Ltd has informed BSE and NSE that it cannot file the quarterly Reconciliation of Share Capital Audit Report for the period ended 30 June 2025, as the company's capital structure is undergoing major changes. The company went through NCLT-led liquidation proceedings (order dated 06.12.2021), after which NCLT approved the sale of the company as a going concern to Krishna Ventures Limited on 21.03.2024, with the Sale Certificate issued on 12.06.2024. New management took charge from 01.07.2024. The Board has approved extinguishment and reduction of existing share capital (resolution dated 24.12.2024, with record date fixed at 22.11.2024), which is yet to take effect. The acquirer is still completing the takeover, and updated shareholding data from the RTA and depositories is awaited.
This is a procedural filing and not a new business event. Shareholders should note that the existing share capital is likely to be extinguished or reduced as part of the IBC-driven restructuring, which could materially affect their existing holdings. The actual impact will only become clear once the capital restructuring is completed and the new shareholding pattern is finalised.