LG Balakrishnan & Bros Limited has informed the Exchange regarding Proceedings of undefined held on August 21, 2025
LGBBROSLTD · price
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L.G. Balakrishnan & Bros Limited held its 69th AGM on August 21, 2025, via video conferencing, attended by 77 members representing 1,20,39,276 equity shares. Six resolutions were considered: adoption of audited financial statements for FY ended March 31, 2025; declaration of a dividend of Rs.20 per equity share; re-appointment of Mr. Rajiv Parthasarathy and Mr. S. Sivakumar as Directors retiring by rotation; appointment of M/s. MDS & Associates LLP as Secretarial Auditors for five consecutive years from FY 2025-26 to FY 2029-30; and ratification of remuneration payable to Dr. G. L. Sankaran as Cost Auditor for FY 2025-26. The Statutory and Secretarial Auditors' reports had no qualifications. Remote e-voting was conducted from August 18-20, 2025, and results were to be declared within the prescribed timeline. The meeting concluded at 12:09 PM.
The Rs.20 per share dividend declaration is a positive takeaway for shareholders, confirming healthy returns for FY25. The remaining items are largely routine governance matters with no negative implications for the stock.