Attached is the Postal Ballot e-voting results and the Scrutinizers Report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LGB Forge Ltd has received shareholder approval via postal ballot for selling or disposing of its non-core assets (land) to M/s. LGB Educational Institution, a Trust belonging to the Promoter Group. The resolution was passed as an Ordinary Resolution with overwhelming majority - 771,009 votes in favour (99.74%) and only 1,947 votes against (0.26%) out of 772,986 valid votes cast. The e-voting period ran from March 17, 2026 to April 15, 2026. Promoters did not participate in voting (0 votes), which is standard for related party transactions. The scrutinizer confirmed the resolution was passed with requisite majority on April 15, 2026.
The sale of non-core assets to the promoter group trust may raise related party transaction concerns among minority shareholders. The near-unanimous approval suggests strong promoter control. The impact on stock will depend on the size and valuation of the non-core assets being transferred.