LEEL Electricals Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Awaiting price reaction for this filing.
The company's Registrar and Share Transfer Agent, Skyline Financial Services, has submitted a routine quarterly certificate under SEBI Regulation 74(5) confirming that no physical share certificates were received for dematerialization during the quarter ended June 30, 2025. The total dematerialized holdings stood at 4,01,19,390 equity shares (NSDL: 2,90,07,045; CDSL: 1,11,12,345), unchanged from March 31, 2025. The filing also references the ongoing capital restructuring approved by the Board on December 24, 2024, pursuant to NCLT Allahabad orders, which involves full cancellation of the erstwhile promoters' shareholding and a 1:43 consolidation of public shareholders' holdings. The corporate action forms to implement this restructuring have been filed with the depositories and are still under process.
This is primarily a routine compliance filing, but it signals that the major capital restructuring — which will wipe out promoter holdings entirely and consolidate public shares at a 1-for-43 ratio — is still pending execution at the depository level. Once implemented, this will materially reduce the share count and could lead to a sharp technical adjustment in the stock price.