The Board of Directors of the Company at its meeting held on Saturday, May 2, 2026 had approved the continuation of directorship of Sri S Sivakumar (DIN: 00016040) as a Non-Executive Non ....
LGBBROSLTD · price
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L.G. Balakrishnan & Bros Ltd 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). Consolidated net profit grew to Rs. 31,874 Lakhs from Rs. 30,209 Lakhs. The Board recommended a dividend of Rs. 22 per share (220% on face value). Sri S. Sivakumar's directorship continuation beyond age 75 (attaining Nov 30, 2026) was approved, subject to shareholder nod. Mr. Suresh Sivalingam, VP Strategic Business Development, resigned effective Jan 31, 2026. Statutory auditors issued unmodified opinion. The 70th AGM is scheduled for Aug 26, 2026.
Positive earnings growth and a 220% dividend signal financial strength. The director continuation is a routine governance matter. The senior management resignation may raise questions on strategic direction but appears non-critical given the overall strong results.