Q3 FY26 results filed; IBC takeover by KVL still in process

LEEL Electricals filed Q3 and 9-month FY26 results ended December 31, 2025, approved at the board meeting on February 9, 2026. Context: NCLT initiated liquidation in December 2021, then approved sale of the company as a going concern to Krishna Ventures Limited. Sale Certificate was issued in June 2024. The acquirer has changed management, but capital restructuring and complete takeover are still in progress. Statutory auditor Vivek Mittal and Associates flagged this as an Other Matter and modified its review conclusions.