Intimation regarding Reconciliation of Share Capital Audit Report as per Regulation 76 of the SEBI [Depositories and Participants] Regulations, 2018, for the quarter ended 31.12.2025
Awaiting price reaction for this filing.
Leel Electricals has informed the exchanges that the quarterly Reconciliation of Share Capital Audit Report for Q3 FY26 (ended 31.12.2025) cannot be meaningfully filed until its ongoing capital restructuring is fully processed. The restructuring follows the NCLT-approved sale of the company as a going concern to Krishna Ventures Limited (KVL) under the Insolvency and Bankruptcy Code, with a sale certificate issued on 12.06.2024 and new management taking over from 01.07.2024. As part of the restructuring, the erstwhile promoters' entire shareholding was cancelled (reduced to zero with no payout), public shareholders were reduced in a 1:43 ratio, and 5,43,011 fresh shares were allotted to eligible public shareholders on 07.03.2025 to restore the 5% minimum public shareholding. Subsequently, 1,02,60,000 equity shares were allotted on a preferential basis to the acquirer and its affiliates/strategic investors on 26.07.2025. The company states the relevant corporate action forms and listing applications are filed and under process with depositories and exchanges.
Existing public shareholders have already faced a massive 43:1 reduction in their holdings with no payout, while the acquirer (KVL) and its group have significantly expanded their stake via the preferential allotment — making this a clear control-change situation rather than a routine audit update, with no direct material effect expected on the share price from this deferral filing.