LGB Forge Limited has completed the dispatch of its postal ballot notice on March 16, 2026, seeking shareholder approval for a material related party transaction. The company submitted newspaper advertisements to BSE Limited on March 17, 2026, informing about the completion of the postal ballot notice dispatch and remote e-voting facility.

Postal Ballot Details

The postal ballot notice was dispatched in compliance with General Circular No. 03/2025 dated September 22, 2025, and other relevant circulars issued by the Ministry of Corporate Affairs (MCA). The dispatch was completed electronically to members whose email addresses are registered with the company or depositories.

Proposed Transaction

The postal ballot seeks approval for a material related party transaction involving the sale or disposal of the company's non-core assets to M/s. LGB Educational Institution, a trust belonging to the promoter group of LGB Forge Limited. This transaction requires shareholder approval as it constitutes a material related party transaction under applicable regulations.

E-voting Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facility to its members. Only members whose names are recorded in the Register of Members or Register of Beneficial Owners maintained by depositories as on the cut-off date of March 13, 2026, will be entitled to cast their votes through remote e-voting.

Voting rights will be proportionate to the shares held by members in the paid-up equity share capital of the company as on the cut-off date. Once a vote is cast on the resolution, members will not be allowed to change it subsequently.

Scrutinizer Appointment

LGB Forge Limited has appointed Mr. P. Eswaramoorthy of M/s. P. Eswaramoorthy and Company, Company Secretaries in Practice, Coimbatore, as the scrutinizer to conduct the postal ballot through remote e-voting process. Mr. Eswaramoorthy holds Membership No. FCS 6510 and Certificate of Practice No. 7069.

Document Availability

The postal ballot notice is available on multiple platforms:

• Company website: www.lgbforge.com
• CDSL website: www.evotingindia.com
• BSE Limited website: www.bseindia.com

Members who have not received the postal ballot notice by email can contact the company at secretarial@lgbforge.com or write to the Registrar and Share Transfer Agent, Cameo Corporate Services Limited, at investor@cameoindia.com .

The results of the postal ballot will be announced by the Chairman, Managing Director, or Director on or before April 17, 2026, at 05:00 p.m. at the registered office. The results along with the scrutinizer report will be posted on the company's website and relevant stock exchange platforms.

LGB Forge Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for the material related party transaction involving the disposal of land assets worth approximately ₹12 crores to M/s. LGB Educational Foundation, a promoter group trust. The notice, dated March 10, 2026, outlines the complete e-voting process and transaction details following the board's earlier approval.

E-Voting Schedule and Process

The company has established a detailed timeline for the postal ballot process, with e-voting facilitated through Central Depository Services (India) Limited (CDSL). The remote e-voting will be conducted exclusively through electronic means, with no physical postal ballot forms being distributed.

CFO Leadership Transition

The board accepted the resignation of Smt. Geetha Manjari from her position as Chief Financial Officer and Key Managerial Personnel, effective from closure of business hours on March 10, 2026. Her resignation was attributed to personal reasons, specifically citing superannuation age as mentioned in her resignation letter dated February 7, 2026.

Sri. Venkatesan N has been appointed as the new Chief Financial Officer effective March 11, 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee. The appointment was made pursuant to Section 203 of the Companies Act, 2013.

Asset Disposal Transaction Details

The proposed transaction involves the sale of non-core land assets situated at Kallapalayam Village, Coimbatore, to M/s. LGB Educational Foundation. The transaction qualifies as a material related party transaction requiring shareholder approval as it exceeds 10% of the company's annual consolidated turnover.

Regulatory Compliance and Scrutinizer Appointment

The board has appointed Sri. P. Eswaramoorthy of M/s. P. Eswaramoorthy and Company, Company Secretaries (Membership No. FCS 6510 and Certificate of Practice No. 7069), as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Related Party Transaction Justification

M/s. LGB Educational Foundation is classified as a related party since promoter group members serve as trustees, including Sri B. Vijayakumar (Promoter & Director), Smt. Rajsri Vijayakumar (Promoter & Managing Director), and Sri Rajaram C (Director). The company emphasizes that the transaction will be conducted on an arm's length basis, with the sale price determined through independent valuation to ensure fair market value.

The disposal is part of the company's strategy to unlock value from idle assets and utilize proceeds for working capital requirements. The transaction does not fall under Regulation 37A of the SEBI (LODR) Regulations, 2015, as it is not pursuant to a scheme of arrangement. Related parties, including promoters, are prohibited from voting on this resolution as per SEBI Listing Regulations.