LEEL Electricals Limited — Board Meeting, 07-03-2025: Outcome of Board Meeting

The Board of Directors of Leel Electricals Limited has announced a board meeting outcome where they approved the proportionate allotment of 5,43,011 equity shares. This move aims to achieve a minimum public shareholding of 5% of the post-issue paid-up capital, following a reduction in equity share capital. The allotment will be made in a ratio of 1:43 to eligible public shareholders as of the specified record date, aligned with their capital restructuring efforts post-IBC acquisition. The meeting lasted from 11:30 AM to 12:20 PM.