Submission of the Related Party Transactions for the half year ended 31.03.2025
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LGB Forge Ltd has filed its related party transactions disclosure for the half year ended March 31, 2025, as required under SEBI LODR Regulation 23(9). The largest transactions were with promoter group company L G Balakrishnan & Bros Ltd — purchases of Rs. 781.54 lakhs and sales of Rs. 571.58 lakhs, both well within the audit committee-approved ceiling of Rs. 6,000 lakhs each. Other promoter-linked transactions included Rs. 38.90 lakhs in purchases from Super Transports Pvt Ltd, Rs. 38.63 lakhs as lease rent to the same entity, Rs. 45.58 lakhs in capital development costs paid to Super Speeds Pvt Ltd, and Rs. 6.02 lakhs lease rent to Elgi Automotive Services Pvt Ltd. Director Rajsri Vijayakumar drew Rs. 12 lakhs as remuneration and was charged Rs. 16 lakhs in interest on an outstanding company loan of Rs. 200 lakhs (opening and closing balance unchanged). Director Sampath Kumar received Rs. 11 lakhs, while the CFO and two Company Secretaries together received about Rs. 8 lakhs in remuneration.
This is a routine half-yearly compliance filing — all transactions stayed within audit committee-approved limits and most balances were fully settled (zero opening/closing). Shareholders should however note the company's heavy commercial dependence on its promoter group (L G Balakrishnan & Bros) and the Rs. 200 lakh loan outstanding to a director, which are governance items worth monitoring.