LG Balakrishnan & Bros Limited has informed the Exchange regarding re-appointment of Mr G L Sankaran as Cost Auditor of the company w.e.f. May 02, 2026.
LGBBROSLTD · price
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LG Balakrishnan & Bros reported strong FY2026 results with standalone revenue of Rs 2,83,218 Lakhs (up 16% YoY) and consolidated revenue of Rs 3,14,404 Lakhs (up 19.4% YoY). Standalone PAT grew 5.4% to Rs 30,634 Lakhs while consolidated PAT rose 5.5% to Rs 31,874 Lakhs. EPS stands at Rs 96.05 (standalone) and Rs 99.95 (consolidated). The Board recommended a dividend of Rs 22 per share (220% on face value Rs 10). Statutory auditors issued an unmodified (clean) opinion. Exceptional items of Rs 103.71 Lakhs include Rs 1,242.62 Lakhs provision for new Labour Codes impact (non-recurring). Key changes: re-appointment of Dr G L Sankaran as Cost Auditor for FY27, re-appointment of internal auditors, continuation of Sri S. Sivakumar as Director post age 75 (subject to shareholder approval), and resignation of VP Mr Suresh Sivalingam effective Jan 31 2026.
Strong revenue growth of ~16-19% YoY with stable profit growth and clean audit opinion is positive. Dividend of Rs 22/share provides shareholder return. Re-appointment of auditors indicates continuity. Resignation of VP is a minor management change with limited material impact.