April 26, 2018 7:17 PM ET

Electrical Equipment

Company Overview of LEEL Electricals Limited

Company Overview

LEEL Electricals Limited designs, develops, manufactures, and sells heating, ventilation, air conditioning, and refrigeration (HVAC & R) equipment. The company operates through, Consumer Durables, OEM & Packaged Air-Conditioning, and Heat Exchangers & Components segments. It offers fin and tube type heat exchangers for use in various applications, such as commercial refrigeration systems, automobile-buses/car air conditioning, railway and marine air conditioning, telecom/mainframe air conditioning, and special application coils, as well as window, split, and package air conditioning systems. The company also provides packaged air-conditioning units, including air conditioning units for passe...

159, Okhla Industrial Estate

Phase-III

New Delhi,  110020

India

Founded in 1987

1,654 Employees

Phone:

91 11 4064 5454

Fax:

91 11 4161 5416

Key Executives for LEEL Electricals Limited

Chief Financial Officer and Whole Time Director
Age: 73
Total Annual Compensation: 3.0M
Whole Time Director
Age: 67
Total Annual Compensation: 7.8M
Deputy Managing Director and Executive Director
Age: 41
Total Annual Compensation: 3.9M
Compensation as of Fiscal Year 2017.

LEEL Electricals Limited Key Developments

LEEL Electricals Limited Requests To Cancel Admission Of GDRs To The Official List Of UK Listing Authority

LEEL Electricals Limited requested to cancel admission of GDRs to the official list of UKLA and also cancel the trading and listing of GDRs on the PSM of the LSE under LR 5.2.4 of the FCA Handbook, with effect from April 2, 2018. The GDRs are Regulation S GDRs and Rule 144A GDRs, each representing 2 (Two) equity shares in the equity share capital of the Issuer of INR 10 (Ten only) each in nominal value. The Bank of New York Mellon, Depositary to the GDRs traded on the PSM of the LSE, has resigned. As per the Deposit Agreements executed among Depositary, Issuer and the holders, owners and beneficial owners of GDRs, in the event Issuer opts not to appoint a replacement depositary in the place of resigning Depositary, then the Depositary shall terminate the Deposit Agreements and the GDR program. The Board of Directors of the Issuer at its meeting held on November 14, 2017, decided not to appoint a replacement depositary in the place of resigning depositary in view of no trading volume of GDRs on the PSM of the LSE and insignificant number of outstanding GDRs admitted for listing on the official list of UKLA in relation to the total market capitalization of the Company. There were 8,000 (Eight thousand) number of GDRs outstanding, aggregating to 16,000 (Sixteen Thousand) number of equity shares of the Issuer representing 0.04% of the paid up share capital of the Issuer. The cancellation of trading and listing of GDRs on the PSM of the LSE shall be effective from 2nd April 2018 (the date of such delisting, the "Delisting Date"). From and including the Delisting Date, the GDRs will not be listed or traded anywhere after the Delisting Date.

LEEL Electricals Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017

LEEL Electricals Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company's total income was INR 3,001.2 million compared with INR 5,392.4 million a year ago. Profit from operations before exceptional items was INR 34.3 million compared with INR 86.2 million a year ago. Profit before tax was INR 34.3 million compared with INR 86.2 million a year ago. Net profit was INR 24 million or INR 0.79 per basic and diluted share compared with INR 65 million or INR 1.59 per diluted share a year ago. For the nine months, on standalone basis, the company's total income was INR 15,651.6 million compared with INR 19,723.1 million a year ago. Profit from operations before exceptional items was INR 552.1 million compared with INR 830.8 million a year ago. Profit before tax was INR 10,016.4 million compared with INR 830.8 million a year ago. Net profit was INR 7,668.9 million or INR 190.31 per basic and diluted share compared with INR 625.8 million or INR 15.61 per diluted share a year ago.

LEEL Electricals Limited to Report Q3, 2018 Results on Feb 14, 2018

LEEL Electricals Limited announced that they will report Q3, 2018 results on Feb 14, 2018

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