Intimation regarding Reconciliation of Share Capital Audit Report as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30.09.2025
Awaiting price reaction for this filing.
Leel Electricals Ltd has informed BSE and NSE that it is not submitting the quarterly Reconciliation of Share Capital Audit Report (under SEBI Regulation 76) for the quarter ended 30 September 2025. The company explains this is because it is still in the middle of a major ownership change. The company was originally pushed into liquidation by the NCLT Allahabad in December 2021, and was later sold as a going concern to Krishna Ventures Limited (KVL) via a resolution plan approved in March 2024. The new management joined the board from 1 July 2024. The company has also begun a capital restructuring exercise — with a record date of 22 November 2024 and board approvals in December 2024 for extinguishment and reduction of share capital — which has not yet taken effect. Until the new capital structure and updated shareholding data are finalised, the company believes filing the audit report would serve no meaningful purpose.
For shareholders, this signals that the share capital structure is in flux and existing holdings may be significantly altered once the pending capital reduction takes effect. The delay is not negative in itself but confirms the company is still working through the post-IBC takeover and restructuring, so investors should expect further announcements on share capital changes and ownership details soon.