LG Balakrishnan & Bros Limited has informed the Exchange that Record date for the purpose of Dividend is 19-Aug-2026.
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. 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% on face value of Rs. 10), with record date set for August 19, 2026. Book closure is from August 20-26, 2026, and dividend payment will be on or before September 18, 2026. The 70th AGM is scheduled for August 26, 2026. Additionally, Mr. Suresh Sivalingam resigned as Vice President effective January 31, 2026.
The company delivered solid earnings growth with ~5% increase in standalone net profit. The proposed 220% dividend indicates continued shareholder returns. The resignation of a senior executive may require monitoring for any business impact.