LG Balakrishnan & Bros Limited has informed the Exchange about related Party Transactions
LGBBROSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LG Balakrishnan & Bros Limited has filed its half-yearly related party transaction disclosure with BSE and NSE as required under SEBI Regulation 23(9) for the six months ended March 31, 2025. The total value of all related party transactions during the reporting period stands at approximately ₹5,998.58 lakhs (about ₹60 crore). Major counterparties include subsidiaries like LGB Steel Private Limited (purchases of ₹749.30 lakhs) and GFM LLC, along with director-related entities such as LGB Forge Limited (sales of ₹740.67 lakhs, purchases of ₹556.61 lakhs), Super Speeds Private Limited, Lakshmi Printers (purchases of ₹419.87 lakhs), and Metal Forms Private Limited. Key managerial personnel remuneration includes Executive Chairman B. Vijayakumar (₹242.45 lakhs), Managing Director P. Prabakaran (₹170.19 lakhs), and Executive Director Rajiv Parthasarathy (₹82.02 lakhs). The transactions also cover unsecured loans, fixed deposits, rent, and lease receipts/payments, with all material transactions approved by the Audit Committee.
This is a routine regulatory disclosure required under SEBI's listing regulations and does not signal any major event. The transactions with subsidiaries and promoter-group entities appear operational in nature and have been approved by the Audit Committee, suggesting good governance compliance. Shareholders should monitor the scale of inter-group transactions but there is no immediate material impact on the stock price.