LEEL Electricals Limited — QIP/Rights/Pref., 24-12-2024: Allotment of Securities

Leel Electricals Limited has approved a significant capital restructuring plan, including the cancellation of existing equity shares held by the former promoters, which will be reduced to zero, with no payout involved. Additionally, public shareholders will see their holdings reduced to one equity share for every 43 shares held as of the record date, resulting in a post-restructuring public shareholding of 5,43,011 shares. The company also plans a preferential allotment of equity shares at an issue price of ₹10 per share to various investors, including new promoters.