LG Balakrishnan & Bros Limited has informed the Exchange regarding Resignation of Mr Suresh Sivalingam from the position of Senior Management Personnel of the company w.e.f. January 31, 2026.
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Mr. Suresh Sivalingam, Vice President - Strategic Business Development, has tendered his resignation from the company effective January 31, 2026, citing personal reasons. This is a Key Managerial Personnel (KMP) resignation as per SEBI regulations. The company disclosed the resignation was delayed due to inadvertence. The same board meeting also approved audited financial results for Q4 and FY2026 showing standalone revenue of Rs. 2,77,348.40 Lakhs and consolidated revenue of Rs. 3,07,562.62 Lakhs, along with recommending a dividend of Rs. 22 per share (220% on face value).
The resignation of a senior management personnel may have limited impact on operations but is noteworthy given the delayed disclosure. The company's underlying financial performance remains strong with 16% YoY revenue growth on standalone basis.