Proceedings of 33rd AGM at 11:00 AM (IST) through video conferencing
Awaiting price reaction for this filing.
LEEL Electricals Limited held its 33rd AGM on December 29, 2025, at 11:00 AM IST via video conferencing, chaired by Managing Director Mr. Neeraj Gupta. The meeting lasted about 31 minutes and was attended by key board members, KMPs, and auditors, though two independent directors were absent due to personal reasons. The only business transacted was the adoption of the Audited Standalone Financial Statements for FY 2019-20, which relates to the period before the company was acquired. The company noted it had undergone the Corporate Insolvency Resolution Process under IBC 2016 and was acquired by Krishna Ventures Limited, with new management taking over from July 1, 2024. The resolution was passed with the requisite majority, and voting results will be shared within 48 hours.
This is a procedural AGM primarily held to clear old statutory records (FY 2019-20) from before the company's acquisition. No new business, dividend, or strategic decisions were taken, so it is unlikely to move the stock price meaningfully. Investors should note the company continues to operate under new ownership post-IBC resolution.