Intimation regarding shareholding pattern as per Regulation 31(1)(b) of SEBI (LODR) Regulations, 2015 for the period and quarter ended 31.03.2025
Awaiting price reaction for this filing.
Leel Electricals has not submitted its shareholding pattern for the quarter ended 31 March 2025 because the company's capital restructuring is still in progress. The company is under liquidation proceedings initiated by the NCLT in December 2021, and was sold as a going concern to Krishna Ventures Limited (KVL) with the sale certificate issued on 12 June 2024. New management, led by Managing Director Neeraj Gupta, took over the board from 1 July 2024. The Board fixed 22 November 2024 as the record date for capital reduction and extinguishment, with resolutions passed on 24 December 2024, but the related corporate action is still being processed. The company has assured the exchanges that the shareholding pattern will be filed once the restructuring is complete and updated data is available.
Investors should note that Leel Electricals is in a transitional phase following its IBC-driven sale to Krishna Ventures, and the share capital is being restructured. Until the capital action is completed, shareholding disclosures remain pending, and existing shareholders face uncertainty about their post-restructuring stake. This filing is largely procedural but signals that the resolution and takeover process is still not fully closed.