LEEL Electricals Limited has informed the Exchange regarding 'Intimation regarding Shareholding Pattern as per 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 has informed the exchanges that it cannot meaningfully submit its quarterly shareholding pattern at this time. The company is undergoing liquidation proceedings initiated by NCLT Allahabad in December 2021, and was sold as a going concern to Krishna Ventures Limited (KVL) via a Sale Certificate dated 12.06.2024. A capital restructuring exercise is currently underway, including extinguishment and reduction of share capital approved on 24.12.2024 with a record date of 22.11.2024. New management under Managing Director Neeraj Gupta took over the board from 01.07.2024. The company says it will file the shareholding pattern once the capital restructuring and updated shareholding data are finalized.
This is largely a procedural disclosure and not expected to move the stock. Investors should note that the existing shareholding structure is in flux due to ongoing IBC-driven capital restructuring, which could materially change promoter and public shareholdings once completed. Shareholders may face uncertainty about the value of existing shares until the restructuring is finalized.