LEEL Electricals Limited
LEEL Electricals manufactures evaporators and condenser coils for air conditioners, and heat exchangers/radiators. The Company provides consumer durable segment, heat exchanger and components, and original equipment manufacturer (OEM) segment and packaged air conditioning.
What LEEL files
- Others54
- Important23
- Board Meeting20
- Results4
- Updates2
- PPTs1
LEEL Electricals is now an approved vendor for Banaras Locomotive Works (BLW). This follows an assessment of its new production facility, opening up new business opportunities and potential revenue streams for the company.
LEEL Electricals, now under Krishna Ventures, is undergoing capital restructuring. Erstwhile promoter shares are cancelled, and public shares reduced 1:43. New shares are allotted to public shareholders to meet minimum public holding and preferentially issued to the acquirer. These corporate actions are currently being processed.
LEEL Electricals was sold as a going concern to Krishna Ventures after liquidation. Capital was restructured, extinguishing promoter shares, reducing public shares 1:43, and issuing 1.026 Cr new equity shares at Rs 10 each to the acquirer.
LEEL Electricals, previously under insolvency, has been successfully sold as a going concern to Krishna Ventures Limited. The new management is now focused on establishing operations and compliance post-acquisition, marking a significant business restructuring.
LEEL Electricals submitted its FY23 Secretarial Compliance Report. The report details the company's resolution from CIRP to liquidation, and its successful sale as a going concern to Krishna Ventures Limited (KVL), approved by NCLT. A reconstituted board is now operational, marking a new phase for the company post-acquisition.