BSELGB Forge LtdLowNeutral
Announced Thu, 21 Aug · 20:49 IST

The outcome of the 19th Annual General Meeting of the Company is attached

Board & Shareholder Meetings View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

LGB Forge Limited held its 19th AGM on 21 August 2025 at 3:00 PM via video conferencing, attended by 53 members representing 7,04,94,654 equity shares. Six agenda items were transacted, including adoption of audited financial statements for FY2024-25, re-appointment of retiring director A. Sampath Kumar, and appointment of M/s P. Eswaramoorthy and Company as Secretarial Auditors for five years from 1 April 2025. Shareholders also approved the re-appointment of Rajsri Vijayakumar as Managing Director and A. Sampath Kumar as Whole-Time Director, both for three years effective 16 February 2026. A key resolution approved material related party transactions with L.G. Balakrishnan & Bros Limited. Statutory and Secretarial Auditor reports contained no qualifications or adverse remarks, and voting results were to be declared later via CDSL.

Likely market impact

Routine AGM outcome with no surprises — all resolutions including director re-appointments and related party transactions with the promoter group entity (L.G. Balakrishnan & Bros) were moved as expected and are likely to be approved, providing continuity in management. Shareholders should watch for the formal voting results to confirm final approval percentages.