LGB Forge Q1 FY27 results approved; new director, auditor change
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LGB Forge Limited's board approved standalone unaudited Q1 FY27 results (quarter ended June 30, 2026). Auditors gave an unmodified limited review opinion. An exceptional gain of Rs. 1,005.52 lakhs from sale of land is included. The board also approved the appointment of Sri. Arjun Parthasarathy as Additional Non-Executive Director (brother-in-law of Managing Director), statutory auditors' resignation disclosure, and amendments to MOA and AOA, with a postal ballot planned for shareholder approval.
Clean Q1 review. One-time land sale gain of Rs. 10.05 cr lifts profit. New director and auditor change need shareholder approval via postal ballot.