Leel Electricals Ltd
Intimation regarding the Reconciliation of share capital and Audit Report as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended 30.06.2026
Leel Electricals Ltd has announced an update on its share capital reconciliation as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30.06.2026. The company's liquidation proceedings were initiated by the Hon'ble Company Law Tribunal Allahabad Bench (NCLT) in 2021, and the new management was inducted on the Board of the entity in 2024. The Acquirer has initiated the process for taking over of the Company, and the necessary intimations have been given to the Stock Exchanges. The company has approved the cancellation and extinguishment of the existing equity share capital, reduction of public shareholders' equity shareholding, and the preferential issue and allotment of equity shares to the Acquirer and its affiliates.