LEEL Electricals Limited (LEEL)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, LEEL Electricals' revenue was ₹12.8 Cr (+766.0% year on year, -24.4% on the previous quarter), and net profit ₹1.0 Cr; the operating margin was 10.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹12.8 | +766.0% | -24.4% |
| Operating profit | ₹1.4 | +367.3% | -18.5% |
| Net profit | ₹1.0 | — | -25.0% |
| EPS (₹) | 0.89 | — | +178.1% |
| Operating margin | 10.9% | — | — |
📢 Recent Corporate Announcements
LEEL Electricals Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period and half year ended September 30, 2026. Within the filing, the company summarized its ongoing post-IBC capital restructuring approved under NCLT orders dated March 21, 2024 and October 23, 2024. Erstwhile promoter shareholding is cancelled to zero, public shareholding is reduced to 1 share for every 43 shares held (allotting 5,43,011 shares to public holders), and 1,02,60,000 shares are allotted to the acquirer/nominees. Corporate action forms and listing applications remain filed with the depositories and stock exchanges.
- Regulation 74(5) demat/remat compliance certificate submitted for the half year ended September 30, 2026
- Erstwhile promoter group equity shareholding fully cancelled to zero without payout per NCLT order
- Public shareholding reduced in a 1:43 ratio (1 share for every 43 shares held as on record date November 22, 2024)
- 5,43,011 equity shares allotted to eligible public shareholders to maintain 5% minimum public shareholding
- 1,02,60,000 equity shares issued preferentially to the acquirer, affiliates, and strategic investors
LEEL Electricals Limited informed stock exchanges that its Board of Directors approved an application to the Registrar of Companies (ROC), Uttar Pradesh II, on September 10, 2026. The application seeks an extension of time to convene the company's Annual General Meeting for the financial year 2025-26. The company recently reported a revenue of Rs 12.82 crore and net profit of Rs 0.96 crore for the quarter ended June 2026. No specific duration of extension requested or operational reasons were detailed in the filing.
- Board resolution passed on September 10, 2026, to apply for AGM extension
- Application submitted to the Registrar of Companies (ROC), Uttar Pradesh II
- Pertains to convening the Annual General Meeting for FY 2025-26
- Company posted Q1 Jun 2026 revenue of Rs 12.82 crore and PAT of Rs 0.96 crore
LEEL Electricals announced that its Board of Directors approved a proposal to apply to the Registrar of Companies (RoC), Uttar Pradesh II, for an extension of time to convene the Annual General Meeting (AGM) for FY 2025-26. Under the Companies Act, AGMs are normally held by September 30 following the close of the financial year unless an extension is granted. The Board meeting took place on September 10, 2026, lasting 18 minutes from 11:00 AM to 11:18 AM. No specific operational or financial reasons were disclosed in the filing for seeking the extension.
- Board approved filing an application with RoC Uttar Pradesh II seeking extension for holding FY25-26 AGM
- Meeting commenced at 11:00 AM and concluded at 11:18 AM on September 10, 2026
- Company reported revenue of Rs 12.82 cr and net profit of Rs 0.96 cr in the recent June 2026 quarter
LEEL Electricals Limited announced its inclusion in the Approved Vendor List of Banaras Locomotive Works (BLW). This empanelment follows the successful capability and capacity assessment of the company's new production facility at SIDCUL Pant Nagar, Rudrapur. The qualification allows LEEL to participate in BLW locomotive tenders, expanding its addressable market relative to its June 2026 quarterly revenue base of ₹12.82 cr.
- Included in the Approved Vendor List of Banaras Locomotive Works (BLW) on 21.08.2026
- Empanelment follows capability and capacity assessment of the facility at Plot 5-6-7, IIE SIDCUL, Sector 4, Pant Nagar, Rudrapur
- Provides tender qualification to supply railway equipment against LEEL's Jun 2026 quarterly revenue base of ₹12.82 cr and PAT of ₹0.96 cr
LEEL Electricals reported a standalone net profit of ₹96.01 lacs for Q1 FY27, a sharp increase from ₹7.82 lacs in Q1 FY26. Revenue from operations grew significantly to ₹1,281.71 lacs from ₹148.11 lacs YoY, though it fell from ₹1,695.68 lacs in the preceding quarter. The company is transitioning to new ownership under Krishna Ventures Limited (KVL) following NCLT-approved liquidation as a going concern. A Sale Certificate was issued on June 12, 2024, and the acquirer is currently in the process of taking over operations.
- Revenue from operations surged to ₹1,281.71 lacs in Q1 FY27 from ₹148.11 lacs in Q1 FY26
- Net profit for the quarter stood at ₹96.01 lacs compared to ₹7.82 lacs in the previous year's corresponding quarter
- Purchase of stock-in-trade accounted for ₹1,133.03 lacs of the total ₹1,185.98 lacs expenses
- Sale Certificate for the company as a going concern was issued to Krishna Ventures Limited on June 12, 2024
- Basic Earnings Per Share (EPS) for the quarter reported at ₹0.89
LEEL Electricals is implementing a capital restructuring plan following its acquisition by Krishna Ventures Limited (KVL) under the Insolvency and Bankruptcy Code. The plan involves a drastic reduction of public shareholding in a 1:43 ratio and the total cancellation of promoter shares without any payout. To finalize the takeover, the company is issuing 1,02,60,000 new equity shares to KVL and its affiliates. The company has informed exchanges that it will not file the standard share capital audit report for the June 2026 quarter until these corporate actions are fully updated in depository records.
- Public shareholding reduced to 1 share for every 43 shares held as of the record date 22.11.2024.
- Preferential allotment of 1,02,60,000 equity shares to the new acquirer, Krishna Ventures Limited.
- Promoter shareholding fully cancelled and reduced to zero without any payout to erstwhile owners.
- Allotment of 5,43,011 shares to public shareholders to maintain the 5% minimum public shareholding requirement.
- New management inducted on the Board effective 01.07.2024 following the sale certificate issued on 12.06.2024.
LEEL Electricals has submitted its Annual Secretarial Compliance Report for FY24, marking a significant step in regularizing its regulatory filings following insolvency. The company was successfully sold as a going concern to Krishna Ventures Limited (KVL) under the Insolvency and Bankruptcy Code, with NCLT approval granted on March 21, 2024. A Sale Certificate was issued on June 12, 2024, and the new management officially took control on July 1, 2024. The report confirms that the new board is not responsible for fiduciary defaults prior to the acquisition, as per Section 32A of the IBC.
- NCLT approved the sale of the company as a going concern on March 21, 2024
- Sale Certificate issued to Krishna Ventures Limited on June 12, 2024
- New management/reconstituted board took control effective July 1, 2024
- CIRP and Liquidation period spanned from March 4, 2020, to July 1, 2024
- Company is catching up on regulatory filings, with this FY24 report filed in June 2026
LEEL Electricals has submitted its Annual Secretarial Compliance Report for FY24, confirming its transition from liquidation to new ownership. The company was sold as a going concern to Krishna Ventures Limited (KVL) following an NCLT order dated March 21, 2024. A Sale Certificate was issued on June 12, 2024, and the new management officially took control on July 1, 2024. The report notes that the company was under the management of a Resolution Professional/Liquidator from March 2020 until the recent takeover.
- NCLT approved the sale of the company as a going concern on March 21, 2024.
- Sale Certificate issued to the acquirer, Krishna Ventures Limited, on June 12, 2024.
- New management took control of operations effective July 1, 2024.
- The company was under CIRP and Liquidation proceedings from March 4, 2020, to July 1, 2024.
- XBRL filing for the report was delayed due to technical validation errors.
LEEL Electricals has submitted its Annual Secretarial Compliance Report for FY 2022-23, a period during which the company was under liquidation. The company has been successfully sold as a 'going concern' to Krishna Ventures Limited (KVL) following an NCLT order dated March 21, 2024. A Sale Certificate was issued on June 12, 2024, marking the formal transition to new management. The report notes that the reconstituted board is not responsible for fiduciary duties prior to the acquisition under Section 32A of the IBC.
- CIRP was initiated on March 4, 2020, following a petition by MKM Technologies Private Limited
- Liquidation proceedings commenced on December 6, 2021, after the failure to achieve a resolution plan
- NCLT approved the sale of the company as a going concern to Krishna Ventures Limited on March 21, 2024
- Sale Certificate for the acquisition was issued by the Liquidator on June 12, 2024
- The report covers the financial year ended March 31, 2023, during which the company was managed by a Liquidator
LEEL Electricals has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2022, as per SEBI Regulation 24A. The report, prepared by M/s G Aakash & Associates, was filed with a significant delay, dated June 5, 2026, against a current date of July 2026. The company noted that the XBRL filing could not be completed due to technical validation errors. This is a procedural update regarding historical compliance and does not reflect current financial performance.
- Compliance report pertains to the Financial Year ended March 31, 2022
- Document is dated June 5, 2026, indicating a delay of over 4 years from the period end
- Secretarial audit conducted by M/s G Aakash & Associates, Company Secretaries
- XBRL filing failed due to technical validation errors as per the company's statement
LEEL Electricals Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2021. The report, prepared by M/s G Aakash & Associates, was filed with the exchanges on June 5, 2026, representing a significant delay of over five years from the period end. The company cited technical validation errors for its inability to complete the XBRL version of the filing. Such extreme delays in regulatory compliance are typically indicative of severe internal or financial distress.
- Submission pertains to the Financial Year ended March 31, 2021
- Filing date of June 5, 2026, indicates a delay of approximately 5 years
- XBRL filing could not be completed due to technical validation errors
- Report issued by M/s G Aakash & Associates, Company Secretaries
LEEL Electricals is undergoing a massive capital restructuring following its acquisition under the Insolvency and Bankruptcy Code (IBC). The existing promoter shareholding has been cancelled and reduced to zero, while public shareholders face a 1:43 reduction (1 share for every 43 held). To comply with listing norms, the company has allotted 1,02,60,000 shares to the new acquirers and 5,43,011 shares to public holders. Listing applications for these restructured shares are currently under process with the stock exchanges.
- Promoter shareholding fully cancelled and reduced to zero without any payout
- Public shareholding reduced to 1 share for every 43 shares held as of 22.11.2024
- 1,02,60,000 equity shares allotted to the new Acquirer and strategic investors
- 5,43,011 equity shares allotted to public shareholders to meet 5% minimum public shareholding
- Listing applications for the new share capital are currently under process with BSE and NSE
LEEL Electricals has notified the exchanges that its trading window for insiders will be closed starting July 1, 2026, for the purpose of approving financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the board meeting, the date of which is yet to be announced. Crucially, the company noted that its shares are already suspended from trading on the BSE and NSE due to ongoing corporate actions. This filing is a mandatory compliance step under SEBI Insider Trading regulations.
- Trading window closure effective from July 1, 2026
- Closure pertains to financial results for the quarter ending June 30, 2026
- Window to reopen 48 hours after the conclusion of the upcoming board meeting
- Company confirms shares are already suspended from trading on exchanges
LEEL Electricals Limited has reported a significant financial turnaround for the fiscal year ended March 31, 2026, posting a net profit of ₹213.85 Lakhs compared to a massive loss of ₹76,197.86 Lakhs in FY25. Annual revenue from operations surged to ₹2,910.28 Lakhs, a more than tenfold increase from ₹280.19 Lakhs in the previous year. The fourth quarter alone contributed ₹1,695.68 Lakhs to the revenue, indicating strong momentum towards the end of the fiscal year. Despite the return to profitability, the Board has not recommended any dividend for the year.
- Annual Revenue from operations grew by 938% YoY to ₹2,910.28 Lakhs in FY26.
- Company achieved a Net Profit of ₹213.85 Lakhs in FY26 against a loss of ₹76,197.86 Lakhs in FY25.
- Q4 FY26 revenue stood at ₹1,695.68 Lakhs with a net profit of ₹128.26 Lakhs.
- Earnings Per Share (EPS) turned positive at ₹1.98 for the full year.
- Total assets increased to ₹13,680.70 Lakhs as of March 31, 2026, from ₹10,710.00 Lakhs in the previous year.
LEEL Electricals has announced a major expansion plan to triple its production capacity from an inventory value of ₹100 Crores to ₹300 Crores. The company is shifting its manufacturing base from Greater Noida to Pant Nagar, Uttarakhand, to facilitate this growth. The expansion requires a capital outlay of ₹80-100 Crores, which will be funded through a mix of equity and debt. While the project is slated for completion by May 2028, the company currently faces low capacity utilization of only 20%.
- Proposed capacity addition to reach ₹300 Crores inventory value from the current ₹100 Crores
- Estimated investment of ₹80-100 Crores to be financed via Equity or Debt
- Manufacturing facility shifting from Greater Noida, UP to Pant Nagar, Uttarakhand
- Current capacity utilization is significantly low at 20%
- Project completion timeline set for May 2028
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
