LEEL Electricals Limited has informed the Exchange regarding Appointment of G Aakash and Associates as Other of the company w.e.f. May 10, 2025. - Appointed as Secretarial Auditor of the Company
Awaiting price reaction for this filing.
LEEL Electricals Limited held a board meeting on May 10, 2025, with several key decisions. Mr. Ankit Sharma resigned as Executive Director and Chief Financial Officer (CFO), and Ms. Komal Phulwani resigned as Company Secretary and Compliance Officer. To fill the gaps, Mr. Bhoopendra Gaur (20+ years experience in Sales, Accounting and Operations) was appointed as Additional Executive Director and CFO with immediate effect. The company also appointed G Aakash & Associates as Secretarial Auditor for a 5-year term and Deepak Ingle as Internal Auditor. Additionally, the board approved commencement of factory operations from May 10, 2025, with an investment of approximately Rs. 20 crore and expected turnover of around Rs. 75 crore for FY 2025-26. The board also approved borrowings, inter-corporate loans/investments, and the annual audited financial results for FY ending March 31, 2025.
Shareholders should note simultaneous exits of two key managerial personnel (CFO and Company Secretary), which may raise short-term governance concerns, though a new CFO has been appointed immediately. The new factory operations with Rs. 75 crore expected turnover signal a meaningful business expansion in FY26.