Outcome of the Board Meeting held on 14.05.2026
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering Limited) held its Board Meeting on May 14, 2026, from 01:15 PM to 06:25 PM. The Board approved the Annual Audited Financial Results for FY ended March 31, 2026, reporting standalone revenue of Rs 2,910.28 Lakhs and profit after tax of Rs 213.85 Lakhs for the full year. Q4 FY26 standalone revenue stood at Rs 1,695.68 Lakhs with PAT of Rs 128.26 Lakhs. The statutory auditors (M/s Vivek Mittal & Associates) issued an unmodified audit opinion on the financial results. Additionally, the Board approved a change in the registered address for books of accounts from Greater Noida, U.P. to Plot No. 5-6-7, Sector-4, IIE SIDCUL, Pant Nagar, Rudrapur, Uttarakhand. No dividend was recommended for FY26. The Company is under liquidation proceedings initiated by NCLT, with sale to going concern approved in favor of Krishna Ventures Limited.
The company remains under corporate insolvency resolution process with liquidation proceedings ongoing. While FY26 shows profitable operations with PAT of Rs 213.85 Lakhs, shareholders should note that the company is being sold as a going concern to Krishna Ventures Limited and is awaiting updated shareholding data from the RTA.