Intimation regarding Shareholding Pattern as per the Regulation 31(1)(B) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, for the period and quarter ended 30.06.2025
Awaiting price reaction for this filing.
LEEL Electricals informed exchanges that it cannot file a meaningful shareholding pattern for the quarter ended 30 June 2025 because its share capital is currently being restructured. The company was placed under NCLT liquidation in December 2021 and was sold as a going concern to Krishna Ventures Limited (KVL) via an auction, with the Sale Certificate issued on 12 June 2024. A new Board, including Managing Director Neeraj Gupta, took charge on 1 July 2024. The Board has since fixed 22 November 2024 as the record date for extinguishment and reduction of existing share capital, following NCLT orders dated 21 March 2024 and 23 October 2024, but the related corporate action is still under process. The company has said it will file the full updated shareholding pattern once new capital and ownership data are available.
Existing public shareholders of LEEL face significant uncertainty as their existing equity is being extinguished and reduced under the IBC resolution process, with KVL emerging as the new controlling acquirer. Until capital restructuring and the next shareholding filing are completed, the stock may see thin liquidity and sharp moves on any update from the company or the NCLT.