LEEL Electricals Limited has informed the Exchange regarding Appointment of Mr Bhoopendra Gaur as Executive Director of the company w.e.f. May 10, 2025.
Awaiting price reaction for this filing.
LEEL Electricals Limited's Board, at its May 10, 2025 meeting, accepted the resignations of two Key Managerial Personnel — Mr. Ankit Sharma (Executive Director & CFO) and Ms. Komal Phulwani (Company Secretary & Compliance Officer). To fill the gap, Mr. Bhoopendra Gaur was appointed as Additional Executive Director and CFO, bringing over 20 years of experience in sales, accounting, and operations. The Board also approved commencement of new factory operations with an investment of approximately ₹20 crore and an expected turnover of around ₹75 crore for FY 2025-26. Additionally, new Secretarial Auditor (G Aakash & Associates, for 5 years) and Internal Auditor (Deepak Ingle) were appointed, borrowings and inter-corporate loans were approved, and the annual audited financial results for FY ending March 31, 2025 were cleared.
The back-to-back exit of both the CFO and Company Secretary is unusual and may raise short-term governance concerns, though the CFO position has been filled immediately. The new factory launch (₹20 crore investment targeting ₹75 crore turnover) signals growth ambitions, and investors should watch the audited FY25 results and the new leadership's execution.