LEEL Electricals Limited — Board Meeting, 03-01-2025: Outcome of Board Meeting

The board meeting concluded with the cancellation of the previously approved preferential allotment of equity share capital due to regulatory requirements. Instead, the Board has now approved a new preferential issue of equity shares to specified investors in alignment with the relevant corporate laws. This move aims to facilitate capital restructuring stemming from court orders. Notably, the issue price is set at ₹10 per equity share, and there’s a proposed allocation of 5,43,011 shares to eligible public shareholders to meet minimum public shareholding requirements.