LEEL Electricals Limited — Important, 29-01-2025: Updates

Leel Electricals Limited is undergoing a significant transformation following the initiation of liquidation proceedings by the Hon’ble Company Law Tribunal and the subsequent approval for the sale of the company as a going concern to Krishna Ventures Limited. The new management took over on July 1, 2024, and a capital restructuring process has been set in motion. The Board has fixed November 22, 2024, as the record date for share capital changes, following resolutions regarding extinguishment and reduction of share capital passed in December 2024. However, the Reconciliation of Share Capital Audit report for the quarter ending December 31, 2024, will not be disclosed until the capital restructuring is completed and the new shareholding data is updated. This situation highlights a period of transition for the company, allowing investors to remain vigilant for developments that could impact future operations and governance.