LG Balakrishnan & Bros Limited has informed the Exchange about continuation of directorship of Sri S Sivakumar beyond the age of 75 years
LGBBROSLTD · price
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LG Balakrishnan & Bros Limited reported strong FY2026 results with standalone revenue of Rs. 2,77,348 Lakhs (up 16% YoY) and consolidated revenue of Rs. 3,07,563 Lakhs (up 19% YoY). Net profit grew to Rs. 30,634 Lakhs standalone and Rs. 31,874 Lakhs consolidated. The board recommended a dividend of Rs. 22 per share (220% face value). Sri S. Sivakumar's directorship is being continued beyond age 75, subject to shareholder approval at the AGM. Mr. Suresh Sivalingam, Vice President - Strategic Business Development, resigned effective January 31, 2026, for personal reasons. The 70th AGM is scheduled for August 26, 2026.
Positive financial performance with revenue and profit growth. The director continuation beyond age 75 is a governance flag requiring shareholder approval. The KMP resignation of a senior vice president may have a minor negative impact on strategic operations.