LEEL Electricals Limited — Important, 18-01-2025: Updates

Leel Electricals Limited is undergoing significant changes following the initiation of liquidation proceedings by the NCLT. The company has approved the sale to Krishna Ventures Limited as a going concern, with the sale certificate issued in June 2024. A new management team has been introduced, effective July 2024. To facilitate capital restructuring, the Board has set November 22, 2024, as the record date, and resolutions regarding the reduction of share capital have been passed. However, the submission of the shareholding pattern remains pending until the restructuring is complete, highlighting a transitional phase for the company. Investors should watch closely for updates on this ongoing process.