Voting results & Scrutinizers Report - 36th AGM - FY 2022-23
Awaiting price reaction for this filing.
Leel Electricals Limited (formerly Lloyd Electric & Engineering) held its 36th AGM on Monday, December 29, 2025, lasting from 3:00 PM to 3:35 PM, where shareholders voted on a single ordinary resolution: adoption of the audited standalone annual financial statements for the financial year ended March 31, 2023, along with the Board's and Auditor's reports. The resolution passed with near-unanimous support — 7,872,990 votes in favour versus just 533 against, a 99.99% approval rate on 7,873,523 votes polled (72.88% of the 10,803,011 outstanding shares). Promoter and promoter-group holders of 74,70,000 shares (about 69% of the company) voted 100% in favour, while only 12.11% of public non-institutional shares turned up to vote. Aakash Goel of G Aakash & Associates served as scrutinizer.
Approval is essentially a formality given the overwhelming promoter support and negligible dissent, so no meaningful stock-price catalyst is expected from this outcome. However, the fact that FY 2022-23 financial statements are being adopted only in late December 2025 signals a significant delay in the AGM cycle, which investors should note as a governance/timing concern.