LGB Forge Limited has successfully completed the sale of its immovable property to LGB Educational Foundation for ₹12 crores, executing the sale deed on April 29, 2026. The transaction was conducted following proper regulatory approvals and shareholder consent obtained through postal ballot.

Transaction Details

The company informed BSE Limited about the completion of this related party transaction under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction involved the sale of land properties measuring 7.36 acres situated at S.F No.171, Kallapalayam Village, Sulur, Coimbatore.

Related Party Transaction Structure

The buyer, LGB Educational Foundation, is a trust where the promoters of LGB Forge Limited serve as trustees, making this a related party transaction. The company confirmed that the transaction was conducted at arm's length basis, ensuring fair valuation and compliance with regulatory requirements.

Financial Impact

The disposed property contributed significantly to the company's operations, representing 12.76% of LGB Forge Limited's annual consolidated turnover based on audited financials for the year ended March 31, 2025. The sale was conducted outside the scheme of arrangement, requiring specific regulatory compliance under LODR Regulations.

Regulatory Compliance

The transaction was completed in full compliance with SEBI regulations, including:

• Prior approval through shareholders' postal ballot dated March 10, 2026
• Disclosure requirements under Regulation 30 of SEBI LODR Regulations
• Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
• Proper documentation through sale deed execution

The company has formally notified BSE Limited about the completion of this transaction, ensuring transparency and regulatory compliance in its corporate actions.

LGB Forge Limited has successfully completed its postal ballot process, securing shareholder approval for a material related party transaction involving the sale of non-core assets to a promoter group entity. The Coimbatore-based company announced the results on April 16, 2026, following the completion of the remote e-voting process conducted through Central Depository Services (India) Limited (CDSL).

Transaction Details and Approval

The postal ballot sought approval for the sale or disposal of non-core assets to M/s. LGB Educational Institution, a trust belonging to the promoter group of the company. This transaction required shareholder approval under regulatory provisions governing material related party transactions as per SEBI listing regulations.

Voting Process and Timeline

The company conducted the postal ballot exclusively through remote e-voting, in accordance with MCA circulars and SEBI listing regulations. The process was managed by Central Depository Services (India) Limited (CDSL) as the e-voting service provider, with Sri P. Eswaramoorthy of M/s. P. Eswaramoorthy and Company serving as the scrutinizer.

Voting Results and Participation

The postal ballot received strong support from participating shareholders, with the resolution passing by an overwhelming majority. A total of 104 members participated in the voting process, casting 772986 votes out of the company's total share capital of 238202463 shares.

Scrutinizer's Report and Findings

The scrutinizer confirmed that the resolution received 771009 votes in favour (99.74%) and 1977 votes against (0.26%), meeting the requisite majority for approval. The scrutinizer's report detailed that 96 members voted in favour while 8 members voted against the resolution.

Regulatory Compliance and Documentation

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. The company followed MCA General Circular No. 03/2025 dated September 22, 2025, conducting the process entirely through electronic means without dispatching physical ballot forms.

The voting results and scrutinizer's report are available on the company's website at www.lgbforge.com and on CDSL's e-voting platform at www.evotingindia.com . The resolution is deemed to have been passed on April 15, 2026, being the last date for receiving votes under the postal ballot process. The company has formally communicated the results to BSE Limited under its scrip code 533007.