LGB Forge Ltd Annual Report for the Financial Year 2024-25
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Awaiting price reaction for this filing.
LGB Forge Ltd has submitted its Annual Report for FY 2024-25 along with the Notice of its 19th Annual General Meeting, to be held on Thursday, August 21, 2025 at 3:00 PM (IST) via video conferencing. Remote e-voting will run from August 18, 2025 (9:00 AM) to August 20, 2025 (5:00 PM), with a cut-off date of August 14, 2025. Key business to be transacted includes adoption of audited financials, re-appointment of Director A. Sampath Kumar by rotation, appointment of M/s. P. Eswaramoorthy and Company as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30), and re-appointment of Rajsri Vijayakumar as Managing Director and A. Sampath Kumar as Whole Time Director for 3 years from February 16, 2026, each with a proposed salary cap of ₹2,14,000 per month. Shareholders will also be asked to approve material related party transactions with M/s. L.G. Balakrishnan & Bros Limited (a promoter group company holding 12.17% of share capital) up to an aggregate limit of ₹60 Crores, which represents about 63.32% of the company's FY 2024-25 consolidated turnover.
This is primarily a procedural filing with routine AGM items; no immediate impact on stock price is expected. Shareholders should review the proposed ₹60 Crore related party transactions with the promoter group company and the re-appointment and remuneration of the Managing Director and Whole Time Director before voting.