Leel Electricals MD, chairman and AGM

Leel Electricals board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

Managing directorNEERAJ GUPTA
ChairpersonDURGESH KUMARRelated to the promoter

6 directors3 independent2 executive1 non-executive

NEERAJ GUPTA · Managing directorExecutive · joined Jul 2024 · 2 listed boards · 2 committee seats
BHOOPENDRA GAURExecutive · joined May 2025 · 1 listed board
DURGESH KUMAR · ChairpersonNon-executive · joined Jul 2024 · 1 listed board · 1 committee seat, 1 as chair
KANWAR NITIN SINGHIndependent · joined Sep 2025 · 9 months as independent · 5 listed boards · 5 as independent · 4 committee seats
MAHESH CHANDRA SHARMAIndependent · joined Jul 2024 · 23 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
NAMRATA SHARMAIndependent · joined Jul 2024 · 23 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

Board
- 14 May 20266 of 6 present3 independent · 93 days in between
- 9 Feb 20266 of 6 present3 independent
Audit Committee
Chair MAHESH CHANDRA SHARMA
NEERAJ GUPTA, KANWAR NITIN SINGH
- 14 May 20263 of 3 present2 independent · 36 days in between
- 7 Apr 20263 of 3 present2 independent · 56 days in between
- 9 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair MAHESH CHANDRA SHARMA
NAMRATA SHARMA, DURGESH KUMAR
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair DURGESH KUMAR
NEERAJ GUPTA, MAHESH CHANDRA SHARMA
No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

VIVEK MITTAL & ASSOCIATESPeer-review certificate valid to May 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Leel Electricals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Leel Electricals dividend history

Annual general meeting, 29 Dec 2025

30,680 shareholders on the register on 23 Dec 2025; present: 5 promoters and 39 others; votes counted by AAKASH GOEL / G AAKASH & ASSOCIATES.The company's voting result (opens in a new tab)

Adoption of Audited Standalone Annual Financial Statements for the Financial Year ended March 31, 2025, and the Report of Board of Directors and Auditor’s thereon
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Re-appointment of Mr. Durgesh Kumar (DIN: 10686556), who retires by rotation and being eligible, offers himself for re-appointment
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Ratification / Appointment of Statutory Auditors of the Company
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Appointment of Secretarial Auditor
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Regularization / Appointment of Additional Director Mr. Bhoopendra Gaur (DIN: 11085739) as the Executive Director of the Company
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Regularization / Appointment of Additional (Independent) Director Mr. Kanwar Nitin Singh (DIN: 10204543) as the Non- Executive Independent Director of the Company
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Ratification / Approval on appointment of Managing Director and its terms for appointment
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Ratification of the matters related to the borrowings already made by the Company
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Approval of borrowing limits of the company under section 180(1)(c) of the Companies Act, 2013
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Approval of the Authorization to Sale, Lease or otherwise Disposal of the whole or substantially the whole of the undertaking of the company or of any of its undertakings under Section 180(1)(a) of the Companies Act, 2013MoreLess
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Approval of investments, give loans, guarantees and security limits of the Company under Section 186 of the Companies Act, 2013
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Approval of remuneration of Mr. Bhoopendra Gaur (DIN: 11085739), Executive Director of the company
Special
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Ratification of Related Party Transactions
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%
Approval of Related Party Transactions
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 72.88% · promoters 100.00% · institutions 0.00% · other public 12.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2018, 8 resolutions

Present: 11 promoters and 21 others.The company's voting result (opens in a new tab)

Adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2018 and the Reports of the Board of Directors and Auditors thereon.
Ordinary
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 55.23%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Re-appointment of Mr. Achin Kumar Roy (DIN: 01475456) as Director who retires by rotation.
Ordinary
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 56.78%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Appointment of Mr. Bharat Raj Punj (DIN: 01432035) as the Managing Director of the Company and increase in his remuneration.
SpecialPromoters have an interest in it
99.87% for0.13% against
Against: promoters 0.00% · institutions 0.00% · other public 59.31%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Re-appointment of Mr. Achin Kumar Roy (DIN: 01475456) as Whole-time Director of the Company.
Ordinary
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 58.64%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Continuation of current tenure of Mr. Ajay Dogra (DIN: 02430117) as Non-Executive Independent Director.
Special
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 56.33%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Continuation of current tenure of Mr. Ramesh Kumar Vasudeva (DIN: 06368045) as Non-Executive Independent Director.
Special
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 56.53%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Continuation of current tenure of AVM Surjit Krishan Sharma VSM (Retd.), (DIN: 00058581) as Non-Executive Independent Director.
Special
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 56.52%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%
Ratification of Remuneration of M/s Jain Sharma & Associates (Firm Regn. No.: 000270) as the Cost Auditors of the Company for the financial year 2018-19.
Ordinary
99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 21.27%
Turnout: all 52.31% · promoters 92.47% · institutions 4.21% · other public 0.27%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 27 Dec 2016, 1 fund house

1) Shifting of Registered Office of the Company from the State of Rajasthan to the State of Uttar Pradesh.
1 for0 against
2) Increase in borrowing powers of the Board not exceeding Rs. 2,500/- crores.
1 for0 against
3) Creation of Charges/Mortgages on the Company's properties both present and future, in respect of borrowings.
1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: −₹7.76 Cr54 dealings
Half-year to Sep 2025: ₹2.18 Cr74 dealings
Half-year to Mar 2025: ₹0.01 Cr63 dealings

Between	Dealing
LEEL ELECTRICALS LTD and NEERAJ GUPTADirector	Advance	25.00	0.65	−4.00	−3.35
LEEL ELECTRICALS LTD and NEERAJ GUPTADirector	Advance	25.00	0.50	−2.85	−2.35
LEEL ELECTRICALS LTD and NEERAJ GUPTADirector	Advance	25.00	0.50	−3.35	−2.85
LEEL ELECTRICALS LTD and ASHVA ENERGY PVT LTDCommon Director	Advance	25.00	0.50	−1.26	−0.76
LEEL ELECTRICALS LTD and ASHVA ENERGY PVT LTDCommon Director	Advance	25.00	0.50	−0.75	−0.25
LEEL ELECTRICALS LTD and NEERAJ GUPTADirector	Advance	25.00	0.25	−13.88	−13.63
LEEL ELECTRICALS LTD and ASHVA ENERGY PVT LTDCommon Director	Advance	25.00	0.20	−0.13	0.07
LEEL ELECTRICALS LTD and NEERAJ GUPTADirector	Advance	25.00	0.15	−13.63	−13.48
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.09	−0.29	−0.20
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.08	−0.66	−0.58
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.07	−0.60	−0.53
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.07	−0.38	−0.31
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.05	−0.44	−0.39
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.05	−0.69	−0.64
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.05	−0.49	−0.44
LEEL ELECTRICALS LTD and ASHVA ENERGY PVT LTDCommon Director	Advance	25.00	0.05	−0.18	−0.13
LEEL ELECTRICALS LTD and ASHVA ENERGY PVT LTDCommon Director	Advance	25.00	0.05	−0.23	−0.18
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.04	−0.74	−0.70
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.04	−0.20	−0.16
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.04	−0.64	−0.60
LEEL ELECTRICALS LTD and NEERAJ GUPTADirector	Advance	25.00	0.03	−13.48	−13.45
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.03	−0.70	−0.67
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.03	−0.57	−0.54
LEEL ELECTRICALS LTD and ASHVA ENERGY PVT LTDCommon Director	Advance	25.00	0.02	0.08	0.10
LEEL ELECTRICALS LTD and KRISHNA VENTURES LTDCommon Director	Advance	25.00	0.02	−0.53	−0.51

The 25 largest of 54 dealings in the half-year to Mar 2026, ₹ crore.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

Tax disputeLEEL ELECTRICALS LIMITEDSince 11 Sep 2023
Rectification Proceeding u/s 154 r.w.s. 153A for AY 2015-16 - Proceedings ongoing
Tax disputeLEEL ELECTRICALS LIMITEDSince 11 Sep 2023
Rectification Proceeding u/s 154 r.w.s. 153A for AY 2016-17 - Proceedings ongoing
Tax disputeLEEL ELECTRICALS LIMITEDSince 3 May 2024
Assessment Proceedings u/s 147 pursuant to search and siezure operation conducted for AY 2020-21 - Proceedings closed. Demand raised. We are in process of challenging the demand raised.
Tax disputeLEEL ELECTRICALS LIMITEDSince 13 Aug 2024
Proceedings were intitiated under Section 148 puruant to which demand was raised by AO. Demand is outstanding till date.
Tax disputeLEEL ELECTRICALS LIMITEDSince 16 Jul 2025
Notice u/s 221 raised for recovery of past year demands - These demands relate to pre-cirp period. We are in process of challenging the recovery of these demands.
Tax disputeLEEL ELECTRICALS LIMITEDSince 26 Mar 2026
Notice u/s 274 read with Section 271AAC for initiation of penalty proceedings for AY 2020-21 - Proceedings ongoing.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

Received
Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.

The board is made up as the listing rules require: Yes
The board has a regular chairperson: Yes
The company has a risk management committee: No
The chair is related to the managing director: No
The filing has a part on fines and penalties: No
The filing has a part on tax disputes: Yes
There was a cyber security incident in the quarter: No

The company's own answers in its filing.

Leel Electricals board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee