Proceedings of 34th AGM held on 29.12.2025 at 12:00 PM (IST) through video conferencing
Awaiting price reaction for this filing.
Leel Electricals Ltd held its 34th AGM on December 29, 2025, at 12:00 PM IST via video conferencing, lasting just 18 minutes. The only item on the agenda was the adoption of the Audited Standalone Financial Statements for FY 2020-21, which covers the period before the company was acquired. The company had earlier gone through the Corporate Insolvency Resolution Process under the IBC, 2016, and was acquired by Krishna Ventures Limited as a going concern, with the new management joining the board from July 1, 2024. This AGM was held solely to close out the pre-acquisition financial statements and meet legal compliance requirements. Managing Director Neeraj Gupta chaired the meeting, and the resolution was passed with the requisite majority. Two independent directors were absent due to personal reasons. Remote e-voting ran from December 26 to 28, 2025.
This is a routine, compliance-driven AGM with no new business decisions. The key takeaway for shareholders is the confirmed completion of old financial reporting post the company's insolvency and acquisition by Krishna Ventures. No material impact on the stock is expected from this filing.