LEEL Electricals Limited has informed the Exchange regarding Appointment of Mr Bhoopendra Gaur as Chief Financial Officer of the company w.e.f. May 10, 2025.
Awaiting price reaction for this filing.
LEEL Electricals held a board meeting on May 10, 2025 with several key decisions. The board accepted the resignation of Mr. Ankit Sharma as Executive Director and CFO, and of Ms. Komal Phulwani as Company Secretary and Compliance Officer. Mr. Bhoopendra Gaur, with 20+ years of experience in sales, accounting and operations, was appointed as Additional Executive Director and CFO effective the same day. The board also approved the commencement of factory operations from May 10, 2025, with an investment size of around Rs. 20 crore and an expected turnover of about Rs. 75 crore for FY 2025-26. Additionally, G Aakash & Associates was appointed as Secretarial Auditor for a 5-year term and Deepak Ingle as Internal Auditor. The Annual Audited Financial Results for FY ended March 31, 2025 were also approved.
The leadership reshuffle at the top finance and compliance roles, combined with a new factory launch targeting Rs. 75 crore in FY26 turnover, signals an expansion phase for the company. Shareholders should watch the FY25 audited results (Annexure-B) and monitor how smoothly the new CFO transitions into the role.