Proceedings of 36th AGM held on 29.12.2025 at 03:00 PM (IST) through video conferencing
Awaiting price reaction for this filing.
LEEL Electricals Limited held its 36th AGM on December 29, 2025, via video conferencing, chaired by Managing Director Mr. Neeraj Gupta. The company underwent a Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, and was acquired by Krishna Ventures Limited as a going concern under liquidation, with new management inducted from July 1, 2024. The AGM was convened solely to adopt the Audited Standalone Financial Statements for FY 2022-23 — the period prior to the acquisition — as required under applicable law. Only one ordinary resolution was placed before members, which was passed with the requisite majority. Remote e-voting ran from December 26 to December 28, 2025, and the meeting ran a brief 35 minutes (3:00 PM to 3:35 PM).
This is largely a procedural, compliance-driven AGM with limited fresh business substance since it pertains only to legacy pre-acquisition financials. Shareholders should await the detailed scrutinizer's report (to be filed within 48 hours) for vote breakdown. The key backdrop is the CIRP-led acquisition by Krishna Ventures — investors should track post-acquisition operational updates and strategy under the new management.