L G Balakrishnan & Bros has confirmed the record date for its 70th Annual General Meeting (AGM) and dividend entitlement as Wednesday, August 19, 2026. The company notified stock exchanges on July 30, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, finalizing the timeline for shareholder participation and payout eligibility.

The AGM is scheduled for Wednesday, August 26, 2026, to be conducted via video conference or other audio-visual means. Shareholders holding equity shares as of the close of business on August 19, 2026, will be eligible to vote and receive the declared dividend. If approved by members at the meeting, the dividend will be paid on or before September 18, 2026.

Key Agenda Items

The Board of Directors has recommended a final dividend of ₹22 per equity share for the financial year ended March 31, 2026 (FY26). This recommendation requires ordinary resolution approval. Additionally, shareholders will vote on the re-appointment of directors retiring by rotation and the continuation of senior leadership beyond statutory age limits.

The special resolution seeks approval for S. Sivakumar (DIN: 00016040) to continue as a Non-Executive Non-Independent Director after attaining the age of 75 years on November 30, 2026. This action is mandated under Regulation 17(1A) of the SEBI Listing Regulations. Sivakumar, who joined the company on June 29, 1996, brings nearly four decades of industrial experience to the board.

Voting and Participation Details

Remote e-voting will be open from Sunday, August 23, 2026, at 9:00 a.m. IST, until Tuesday, August 25, 2026, at 5:00 p.m. IST, through Central Depository Services (India) Limited (CDSL). Physical attendance is not permitted; the deemed venue is the registered office in Coimbatore. Institutional investors must submit certified board resolutions to the scrutinizer, M/s. MDS & Associates LLP, prior to casting their votes.

What the Numbers Show

The declaration of a ₹22 per share dividend reflects management’s confidence in cash flow stability for FY26. While the filing does not disclose total revenue or profit figures, the consistent dividend policy suggests steady operational performance. The ratification of the cost auditor’s remuneration at ₹3,00,000 for FY27 aligns with standard compliance costs for manufacturing entities under the Companies Act, 2013. Retaining long-serving directors like Sivakumar highlights a governance strategy prioritizing institutional memory and industry expertise over generational turnover.

L.G. Balakrishnan & Bros Limited has released its Annual Report for the financial year ended March 31, 2026, marking its 70th year of operations. The Coimbatore-headquartered company, a leading manufacturer of Automotive and Industrial Chains, Sprockets, Tensioners, Fine Blanking, Forging, Precision Machined Parts, Rubber Parts, Engine Assembly, and Sub-Assemblies, reported strong growth across both standalone and consolidated financials, underpinned by robust operational performance and sustained investments in renewable energy and sustainability.

Financial Performance

On a consolidated basis, the company delivered strong topline and bottomline growth. The following table summarises the key financial highlights:

On a standalone basis, profit before tax stood at ₹41,061.54 lakhs against ₹36,750.76 lakhs in the previous year. The company transferred ₹25,000 lakhs to General Reserves from current year profits.

Segment-Wise Performance

The company operates through two primary business segments. On a consolidated basis, segment revenues were as follows:

On a standalone basis, the Transmission segment contributes 83.30% of turnover, while Metal Forming accounts for 16.70%. Exports contribute approximately 11.58% of total standalone turnover, with products reaching approximately 30 countries.

Dividend and Capital Structure

The Board of Directors has recommended a dividend of ₹22/- per equity share (face value ₹10/- each), representing 220% on the 3,18,92,416 equity shares outstanding, subject to shareholder approval at the 70th Annual General Meeting scheduled for August 26, 2026. The paid-up equity share capital stands at ₹31,89,24,160/-. The record date for dividend eligibility is August 19, 2026, and payment is expected on or before September 18, 2026.

Key Financial Ratios

The following key ratios were reported for the standalone entity:

Foreign Exchange and R&D

The company's foreign exchange earnings rose to ₹32,117.03 lakhs in FY 2025-26 from ₹28,285.69 lakhs in FY 2024-25, while foreign exchange outgo increased to ₹14,775.87 lakhs from ₹8,999.61 lakhs. Total expenditure on Research and Development amounted to ₹1,033.72 lakhs (including capital and recurring expenses).

Environmental Performance

The company demonstrated significant progress in renewable energy adoption. Total renewable energy consumption rose to 75,020 GJ in FY 2025-26 from 43,700 GJ in FY 2024-25, driven by windmill (30,880 GJ) and solar (44,140 GJ) generation. Total renewable energy units for production increased from 130.51 lakh units to 217.00 lakh units. The company operates 22 windmills and solar installations with a combined capacity of 10.50 MW.

Total water withdrawal increased to 3,25,376.33 kiloliters from 2,39,607.3 kiloliters. The company has implemented Zero Liquid Discharge (ZLD) systems across all manufacturing facilities, with total water discharged reported as zero. GHG emissions data is summarised below:

Total waste generated was 43,019.83 metric tonnes in FY 2025-26 compared to 26,078.06 metric tonnes in FY 2024-25, of which 39,818.72 metric tonnes were recovered through recycling or reuse.

Workforce and Governance

As at the end of FY 2025-26, the company's total workforce comprised 3,729 employees and 10,966 workers. The Board of Directors comprises 10 members, of whom 3 (30%) are female. The permanent employee turnover rate declined to 15% from 19% in FY 2024-25. Well-being expenditure as a percentage of total revenue stood at 0.79% in FY 2025-26, compared to 0.11% in FY 2024-25.

The company reported zero monetary and non-monetary fines or penalties with regulators during FY 2025-26. Shareholder complaints received during the year numbered 4, all of which were resolved with zero pending at year-end. No complaints were filed under POSH.

CSR and Subsidiaries

The company's CSR obligation for FY 2025-26 stood at ₹719.30 lakhs, with total CSR spending of ₹243.79 lakhs and ₹475.51 lakhs transferred to the Unspent CSR Account. CSR projects were undertaken across Tamil Nadu, Karnataka, Maharashtra, and Meghalaya, covering education, healthcare, and rural development. A total of 611 persons benefitted from education-related CSR projects, with 100% from vulnerable and marginalized groups. Sourcing from MSMEs and small producers within India accounted for 25% of total procurement by value in FY 2025-26, up from 18% in FY 2024-25.

As of March 31, 2026, the company has five subsidiaries: LGB USA INC (96.64% stake), LGB Steel Private Limited (100% wholly owned), and three step-down subsidiaries — LGB Mexico, GFM Acquisition LLC (98.47%), and GFM LLC (100%). The company holds an ICRA AA (stable) credit rating for its fixed deposit programme. As at March 31, 2026, deposits accepted from public and shareholders aggregated to ₹3,680.50 lakhs.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE337A01034/d3d5dcd5-2218-431c-909f-fa907944e646.pdf