Leel Electricals Ltd

BLW approved vendor inclusion

• LEEL included in BLW's Approved Vendor List.
• BLW assessed capability and capacity of LEEL's new facility at Plot 5-6-7, IIE SIDCUL, Pant Nagar.

Financial highlights

• Revenue from operations: 1,281.71 lacs in Q1 FY27.
• Total income: 1,281.99 lacs in Q1 FY27.
• Profit after tax: 96.01 lacs in Q1 FY27.
• Purchase of stock-in-trade: 1,133.03 lacs.
• Changes in inventories: (113.65) lacs.
• Employee benefits expense: 57.75 lacs.
• Depreciation and amortization: 44.47 lacs.
• Total expenses: 1,185.98 lacs.
• Board approved unaudited results; results reviewed by audit committee.
• EPS (basic): Rs 0.89; EPS (diluted): Rs 10.00.
• One business segment; no segment reporting.
• NCLT liquidation proceedings initiated; sale of going concern approved.
• Sale certificate dated 12.06.2024; Krishna Ventures Limited to take over.
• Shareholding data being updated with RTA.
• Ind AS compliance; Limited Review report issued.

Going concern & regulatory status

• NCLT liquidation proceedings initiated in 2021; sale of going concern approved in 2024.
• Sale certificate dated 12.06.2024; acquirer Krishna Ventures Limited taking over.

Meeting Details

• Meeting on Aug 13, 2026 at 11:00 AM; Plot No. 5, 6-7, Sector-4, SIDCUL, Pant Nagar, Rudarpur.

Key Agenda Items

• Discuss, consider and approve financial results for period and quarter ended 30.06.2026.

Other Notes

• Trading window closed from 30.06.2026 to 48 hours after results; shares already suspended.

Capital restructuring and governance

• NCLT approved sale of the company as a going concern to Krishna Ventures Limited.
• New management inducted on the board effective 01.07.2024.
• Cancellation and extinguishment of existing equity capital for promoters; public equity reduced to 1 for 43.
• Record date 22.11.2024 fixed for determining eligible public shareholders.
• Pro-rata allotment of 5,43,011 equity shares at 1:43 to eligible public shareholders.
• Aiming to achieve minimum public holding of 5% post-issue.
• Preferential issue and allotment of 1,02,60,000 equity shares to the Acquirer and affiliates on 26.07.2025.
• Filing of Corporate Action Forms and Listing Applications with depositories and exchanges; process ongoing.
• Disclosures for quarter ended 30.06.2026 will be moot until capital restructuring is updated.

Overall Compliance Status

• Entity complied with applicable SEBI LODR requirements; no regulatory actions reported.

Key Non-Compliances

• XBRL filing for annual secretarial report not filed due to technical validation error.

Remedial Actions

• Remedial actions include rectifying XBRL filing issue and ensuring timely future disclosures.

Board and Committee Composition

• Board composition changed; new management appointed; prior directors ceased during proceedings; no disqualification.

Website and Disclosure Practices

• Maintains a functional website with timely disclosures and accurate governance links.

Subsidiary Compliance

• Subsidiary disclosures are not applicable; no material subsidiaries identified in this report.

Regulatory Actions

• No SEBI or stock exchange actions reported during the year.

Special Situations

• Underwent CIRP; sale as going concern; management change; restructuring; preferential allotment to acquirer; listing application filed.

Overall Compliance Status

• Complied with applicable SEBI LODR provisions to the extent applicable; no material non-compliances reported.

Key Non-Compliances

• No material non-compliances observed; CIRP-related inapplicability of certain provisions was noted.

Remedial Actions

• Going-concern sale effected; RP appointed; liquidation completed; ongoing compliance aligned with regulatory order.

Board and Committee Composition

• Directors were not in office during CIRP; RP governed; reconstituted board not responsible for pre-acquisition period.

Website and Disclosure Practices

• Maintains a functional website with timely disclosures and accurate, redirecting links.

Subsidiary Compliance

• No material subsidiaries; subsidiary-related disclosures not applicable during the period.

Regulatory Actions

• No action taken by SEBI or stock exchanges.

Special Situations

• CIRP initiated; going-concern sale completed; RP appointed; liquidation finalized; post-acquisition board in place.

Overall Compliance Status

• Reported compliance with applicable SEBI regulations; CIRP affected applicability of some provisions.

Key Non-Compliances

• No material non-compliances observed in listed SEBI regulations for the period.

Remedial Actions

• NCLT-approved plan being implemented; ongoing compliance activities under CIRP.

Board and Committee Composition

• Board powers suspended during CIRP; reconstituted board not in office for period.

Website and Disclosure Practices

• Functional website maintained; timely disclosures and accurate Regulation 27(2) links.

Subsidiary Compliance

• Subsidiary review not applicable; no material subsidiary issues identified.

Regulatory Actions

• No SEBI or exchange actions reported during the period.

Special Circumstances

• CIRP initiated; management transferred to Resolution Professional during proceedings.
• Liquidation proceedings initiated; liquidator appointed.
• Going-concern sale completed; sale to acquirer.
• Reconstituted board not responsible for pre-acquisition period.
• Exemption: Post-CIRP governance provisions not applicable during CIRP.
• Records unavailable post-acquisition; ongoing compliance per approved order.

Insolvency proceedings and control

• CIRP initiated; management powers suspended; resolution professional oversaw operations.
• Liquidation proceedings initiated; liquidator appointed; going-concern sale pursued under CIRP.
• Reconstituted board not in office; governance conducted by resolution professional.

Governance, disclosures and website practices

• Secretarial standards observed; policies adopted and updated as per SEBI regulations.
• Functional website maintained; disclosures published under a dedicated governance section.
• Directors not disqualified under Companies Act Section 164.
• Board performance evaluations conducted; Audit Committee approvals for related-party transactions.
• Insider trading compliance maintained; no breaches reported.
• Regulatory actions by SEBI or exchanges: none reported.
• Subsidiary-related disclosures not applicable during CIRP.
• Going-concern sale finalised; sale certificate issued under IBC framework.

Regulatory actions and special status

• Regulatory actions: no penalties or warnings reported.
• Special status: going-concern sale completed under insolvency framework.
• RP-led management during CIRP; board powers suspended.
• Records restoration and compliance implementation in progress.