LEEL Electricals Limited has informed the Exchange regarding Appointment of Mr Deepak Ingle as Other of the company w.e.f. May 10, 2025. - Appointed as Internal Auditor
Awaiting price reaction for this filing.
LEEL Electricals held a board meeting on May 10, 2025 with multiple key decisions. The CFO and Executive Director Mr. Ankit Sharma and Company Secretary Ms. Komal Phulwani both resigned from their positions. To fill the CFO vacancy, Mr. Bhoopendra Gaur was appointed as Additional Executive Director and CFO, bringing over 20 years of experience in sales. The board also approved the commencement of factory operations on the same date, with an investment size of approximately ₹20 crore and an expected turnover of around ₹75 crore for FY 2025-26. Annual audited financial results for FY ended March 31, 2025 were approved, along with new appointments for Internal Auditor (Mr. Deepak Ingle) and Secretarial Auditor (G Aakash & Associates for a 5-year term).
The simultaneous exit of two key managerial personnel (CFO and Company Secretary) is a notable governance event, though quickly backfilled with a new CFO. Investors should watch for the FY25 audited results details and monitor whether the new factory operations can deliver on the ₹75 crore turnover guidance for FY26.