LEEL Electricals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
LEEL Electricals Limited reported annual total income of Rs. 2,910.28 Lakhs with Profit After Tax of Rs. 213.85 Lakhs for FY2026. The company generated an EPS of Rs. 1.19 per share. The Board did not recommend any dividend for the year. The statutory auditors issued an unmodified (clean) opinion on the financial results. However, the auditor's report includes a modified conclusion due to an 'Other Matter' paragraph disclosing that the company was under liquidation proceedings initiated by NCLT in December 2021, and was subsequently sold as a going concern to Krishna Ventures Limited via auction in 2024. The company is still in the process of completing takeover formalities with the acquirer.
The clean audit opinion is positive, but the disclosure of prior liquidation proceedings and ongoing takeover process creates uncertainty about the company's future ownership and direction. Shareholders should monitor for further announcements regarding the acquisition completion and any strategic changes under the new owner.