LEEL Electricals Limited — Board Meeting, 24-12-2024: Outcome of Board Meeting

The Board of Directors of Leel Electricals Limited has approved the cancellation of the existing equity share capital held by the previous promoters, reducing it to zero without payout. Additionally, public shareholders will see their holdings reduced to one share for every forty-three shares they own, effective as of the record date. The board also approved a preferential allotment of equity shares to designated allottees to facilitate capital restructuring. Post-restructuring, the paid-up share capital will decrease substantially, enhancing the public shareholding to approximately 5.43% following this major reorganization.