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.

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.