Outcome of the Board of Directors meeting held on March 10, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.6 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
LGB Forge Limited's Board, at its meeting on March 10, 2026, accepted the resignation of Smt. Geetha Manjari as Chief Financial Officer, citing personal reasons and reaching superannuation age, effective the close of business hours on March 10, 2026. Sri. Venkatesan N, a senior finance professional with over 25 years of experience in financial planning, audit, taxation, and working capital management, has been appointed as the new CFO with effect from March 11, 2026. The Board also approved the sale of 8.04 acres of non-core land at Kallapalayam Village, Coimbatore, to M/s. LGB Educational Foundation (a Trust linked to the promoter group) for approximately ₹12 crores, subject to independent valuation and arm's length pricing. Since the buyer is a related party, the company will seek shareholder approval through a postal ballot, with the sale expected to be completed by September 30, 2026.
The CFO transition appears orderly with a qualified replacement stepping in, and the company says the ₹12 crore land sale proceeds will be used for working capital needs. Shareholders should watch the postal ballot outcome carefully, as the sale to a promoter-group Trust is a related party transaction where pricing fairness and ultimate use of proceeds will be key concerns.