LEEL Electricals Limited Announces Financial Results and Details Sale Process Under NCLT Approval
LEEL Electricals Limited, which is in liquidation proceedings under the National Company Law Tribunal (NCLT), has released its quarterly financial results for the period ended June 30, 2026. The company's Board of Directors reviewed and approved these unaudited results during a meeting held on August 13, 2026.The standalone unaudited financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
Financial Performance Summary
The Statement of Standalone Unaudited Financial Results for the quarter ended June 30, 2026, and other periods are presented below (amounts are in lacs):| Metric | Q Ended 30.06.26 (Unaudited) | Q Ended 31.03.26 (Audited) | Q Ended 30.06.25 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Income (I+II) | 1,281.99 | 1,695.95 | 148.11 | 2,910.28 |
| Total Expenses | 1,185.98 | 1,566.48 | 140.29 | 2,695.22 |
| Profit for the period (VIII) | 96.01 | 128.26 | 7.82 | 213.85 |
| Paid Up Equity Share Capital | 1,080.30 | 1,080.30 | - | 1,080.30 |
Key expenditure components for the quarter ended June 30, 2026 included Purchase of Stock-in-Trade at 1,133.03 lacs and Employee Benefits Expense at 57.75 lacs.
Auditor Review and Corporate Status
The unaudited financial results were reviewed by the audit committee and the Board of Directors. A Limited Review Report was issued by Chartered Accountants Vivek Mittal & Associates, which stated that nothing came to their attention in reviewing the Statement that caused them to believe that the accompanying statement of unaudited financial results has not disclosed the information required as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, or that it contains any material misstatement.In terms of other matters, LEEL Electricals Limited is involved in ongoing liquidation proceedings initiated by the National Company Law Tribunal Allahabad Bench (NCLT) on December 6, 2021. The NCLT subsequently approved directions for implementing the sale of the Company as a going concern to Krishna Ventures Limited (KVL/Acquirer).
The Liquidator issued the Sale Certificate dated June 12, 2024. The Acquirer has since initiated the process for taking over the Company. Furthermore, the company is in the process of obtaining the latest data regarding Shareholding from its Registrar and Transfer Agent (RTA).
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