The board has fixed Friday, 07th August 2026 as the cut-off date to identify the shareholders eligible to vote by E-voting at the AGM
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LGB Forge Limited reported annual revenue of Rs 10,318.66 Lakhs for FY26, up 9.7% from Rs 9,403.76 Lakhs in FY25. However, the company posted a net loss of Rs 221.73 Lakhs for FY26 compared to a loss of Rs 122.45 Lakhs in the prior year. Q4 FY26 revenue was Rs 2,566.14 Lakhs with a loss of Rs 50.84 Lakhs. The loss widened due to a one-time exceptional item of Rs 69.34 Lakhs related to new Labour Codes provisions. The statutory auditors issued an Unmodified Opinion, confirming clean financials. The company has negative other equity of Rs 754.90 Lakhs against paid-up capital of Rs 2,382.02 Lakhs. The AGM is scheduled for August 14, 2026, with August 7, 2026 as the record date.
Despite revenue growth, the company continues to burn cash with widening losses and negative retained earnings, which raises concerns about financial stability. Shareholders should monitor the company's path to profitability, though clean audit opinion provides some comfort.