Lloyd Electric & Engineering Ltd (LEEL)

LEEL Electricals has been acquired by Krishna Ventures Ltd, as Going Concern.

Disclosure of acquisition/payment to LEEL Electricals Ltd as Going Concern as Whole by the Krishna Ventures Limited (“the Company”) under ordinary course of business

The first board meeting was held on 26th July 2024

Outcome of the Board Meeting held on Friday, 26 July 2024

Krishna Ventures Ltd Company web-site indicates that they have a HVAC business unit, which was LEEL’s primary business. However, their Annual report has no mention of a HVAC business unit. Below is a snippet from Annual Report 2024.

Krishna, Ventures Limited is currently engaged in construction and the provision of consultancy services in the Indian real estate sector. Towards these ends, it has identified key properties in Mumbai and adjoining areas to develop projects in the housing and commercial space.

However, there is a mention about starting a HVAC business unit, in the same report.

Krishna, Ventures Limited is starting new business of the business of Manufactures, assemblers, dealers, merchant, importers and agents for the purchase, sale and hiring of all kinds of air conditioners, air conditioning and Refrigeration, machinery, Refrigerants, Liquids and Gages, ice Cream Freezers, Quick Freezing cabinets and like deodorisers, Refrigerated trucks, Vans, Wagons
Etc, Heaters, Heating appliances, Coolers, Diffusers, compressors, Condensers, Fans of all types, pumps, Motors, Thermostats, Sprayers, Cold Storages or ice cream plants, appliances, tools, machinery apparatuses, devises, instruments, chemicals and all types of machinery, equipment’s, appliances and instruments of all kinds, sizes, types and their parts accessories of all descriptions