Proceedings of 38th AGM held on 29.12.2025 at 05:00 PM (IST) through video conferencing
Awaiting price reaction for this filing.
Leel Electricals held its 38th AGM on December 29, 2025, at 5:00 PM IST via video conferencing, chaired by Managing Director Mr. Neeraj Gupta. The meeting was brief, lasting only 29 minutes, and all 14 resolutions put to vote were passed with the requisite majority. Ordinary business included adoption of audited financial statements for FY25, re-appointment of Mr. Durgesh Kumar, and appointment of statutory auditors. Special business covered regularization of two new directors — Mr. Bhoopendra Gaur as Executive Director and Mr. Kanwar Nitin Singh as Non-Executive Independent Director — along with ratification of the MD's appointment, approval of borrowing limits under Section 180, and ratification/approval of related party transactions. The filing notes that the company was acquired by Krishna Ventures Limited under the Insolvency and Bankruptcy Code (CIRP), with the new management inducted from July 1, 2024. Voting results are to be disclosed within 48 hours.
This is a routine procedural filing confirming the AGM was conducted and all resolutions passed. Shareholders gain formal confirmation of new management's governance track record post-acquisition under IBC, with smooth approvals on borrowing powers and related party transactions signalling operational continuity.