Voting results & Scrutinizers Report - 35th AGM - FY 2021-22
Awaiting price reaction for this filing.
Leel Electricals held its 35th Annual General Meeting on December 29, 2025, lasting just 21 minutes (2:00 PM to 2:21 PM). The only resolution on the agenda was to adopt the audited standalone annual financial statements for FY ended March 31, 2022, along with the Board and Auditor reports — notably delayed, as that fiscal year ended over 3.5 years ago. The resolution passed with near-unanimous support: 7,872,210 votes in favor (99.99%) versus just 533 votes against, representing 72.88% of the 10,803,011 outstanding shares. Promoters holding 7,470,000 shares (about 69% stake) voted 100% in favor via e-voting, while 402,743 public non-institutional shares were polled (99.87% in favor). Of the 30,680 shareholders on record, none attended in person or via video conferencing.
Routine procedural filing — no material impact on stock price. However, the ~3.5-year delay in adopting FY 2021-22 accounts may raise questions about past governance or audit delays, though the resolution cleared easily thanks to strong promoter backing.