Proceedings of 32nd AGM held on 29.12.2025 at 10:00 AM (IST) through video conferencing
Awaiting price reaction for this filing.
LEEL Electricals Limited held its 32nd AGM on December 29, 2025, at 10:00 AM via video conferencing, chaired by Managing Director Mr. Neeraj Gupta. The meeting lasted about 40 minutes. The only business transacted was the adoption of Audited Standalone Annual Financial Statements for FY ended March 31, 2019 — a pre-acquisition period — done solely to comply with legal requirements. The company underwent Corporate Insolvency Resolution Process (IBC, 2016) and was acquired by Krishna Ventures Limited as the successful bidder, with new management inducted from July 1, 2024. The resolution was passed with the requisite majority through remote e-voting (Dec 26-28, 2025) and electronic voting at the meeting. Two independent directors could not attend due to personal reasons. Voting results along with the scrutinizer's report will be filed with stock exchanges within 48 hours.
This was a procedural AGM addressing legacy financial statements from before the company's insolvency-driven acquisition — no material business decision affecting current shareholders was taken. Investors should await the detailed voting results for confirmation, but no immediate impact on the stock is expected.