LG Balakrishnan & Bros Limited has informed the Exchange regarding re-appointment of Mr Vikas Tapadiya as Internal Auditor of the company w.e.f. May 02, 2026.
LGBBROSLTD · price
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L.G. Balakrishnan & Bros Limited reported FY2026 audited standalone revenue of Rs. 2,77,348 Lakhs, up 16% from Rs. 2,39,074 Lakhs in FY2025. Consolidated revenue stood at Rs. 3,07,563 Lakhs. Standalone PAT grew to Rs. 30,634 Lakhs from Rs. 29,066 Lakhs (up ~5.4%), while consolidated PAT was Rs. 31,874 Lakhs. Statutory auditors issued an unmodified (clean) audit opinion. The Board recommended a dividend of Rs. 22 per share (220% on face value Rs. 10). Sri S. Sivakumar's continuation as Non-Executive Non-Independent Director beyond age 75 was approved for shareholder consideration. Cost Auditor Dr. G.L. Sankaran and Internal Auditors (Sri G. Jawaharlal and Mjs. Lathi & Tapdiya) were reappointed for FY2026-27. Mr. Suresh Sivalingam, Vice President - Strategic Business Development, resigned effective January 31, 2026, with delayed disclosure attributed to inadvertence. One-time exceptional items of Rs. 260.24 Lakhs included statutory impact from new Labour Codes (Rs. 1,242.62 Lakhs) offset partially by subsidy.
The company delivered solid revenue growth of 16% with stable profitability, and the clean audit opinion with dividend declaration signals financial stability. PAT growth of ~5.4% may be viewed as modest given higher revenue growth, possibly due to new Labour Code implementation costs. No adverse signals from auditors.