Announced Thu, 30 Apr · 10:21 IST
Sale of land property to related party trust for Rs 12 Cr
Strategic Transactions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹8.04
prior close
₹8.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-3.1-1.2-3.0-0.5-1.5-3.0-4.9-17.9-21.3-37.3—
Up moveDown movePending
AI summary
LGB Forge Ltd sold 7.36 acres of land at Sulur, Coimbatore to M/s. LGB Educational Foundation—a trust where its promoters are trustees—for Rs 12 Crores. The property contributed 12.76% of FY25 consolidated turnover. Shareholders had pre-approved this related party transaction via postal ballot in March 2026. The sale deed was executed on April 29, 2026, at arm's length basis.
Likely market impact
Rs 12 Cr cash inflow; related-party sale to promoter-linked trust may draw governance scrutiny despite arm's length claim.