The 19th Annual General Meeting of the Company is scheduled to be held on 21st August 2024 at 3:00 PM through VC/OAVM
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LGB Forge Limited has issued the notice for its 19th Annual General Meeting to be held on Thursday, August 21, 2025 at 3:00 PM IST through Video Conferencing (VC/OAVM). The AGM will consider six items: (1) adoption of audited financial statements for FY ended March 31, 2025; (2) re-appointment of Sri. A Sampath Kumar, who retires by rotation; (3) appointment of M/s P. Eswaramoorthy and Company as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30, with annual fee capped at ₹1,58,500; (4) re-appointment of Smt. Rajsri Vijayakumar as Managing Director for 3 years from February 16, 2026 with monthly salary up to ₹2,14,000 plus 5% commission on net profits; (5) re-appointment of Sri. A. Sampath Kumar as Whole Time Director on similar terms; and (6) approval of material related party transactions with M/s. L.G. Balakrishnan & Bros Limited (a promoter group company holding 12.17%) up to ₹60 Crores until the next AGM, representing 63.32% of FY24-25 consolidated turnover. The Register of Members will be closed from August 15 to August 21, 2025.
Routine AGM business with no major surprises — director re-appointments and related party transactions with the promoter group entity are largely procedural renewals. The ₹60 Crore related party limit (up from ₹50 Crores approved last year) needs shareholder approval but is in the ordinary course of business at arm's length, so impact on minority shareholders is neutral.