BSELGB Forge LtdHighNeutral
Announced Wed, 7 May · 15:54 IST

Reappointment of Secretarial Auditor and Reappointment of the Managing Director and Whole Time Director of the Company

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

LGB Forge Limited's Board, at its meeting on May 7, 2025, approved audited financial results for Q4 and FY ended March 31, 2025, along with an unmodified opinion. The Board approved the reappointment of M/s. P. Eswaramoorthy and Company as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. It also approved the reappointment of Smt. Rajsri Vijayakumar (daughter of Chairman Sri. B. Vijayakumar) as Managing Director and Sri. A. Sampath Kumar as Whole-Time Director, both for 3 years effective February 16, 2026, pending shareholder approval. The AGM is scheduled for August 21, 2025, with the share transfer book closure from August 15 to August 21, 2025.

Likely market impact

This is a routine governance update with no major surprises — all appointments are reappointments rather than new hires, indicating leadership continuity. The promoter family continues to lead the company through the Chairman's daughter as MD, which shareholders should note for governance considerations.