LGB Forge Limited has scheduled its 20th Annual General Meeting (AGM) for August 14, 2026, to seek shareholder approval for material related party transactions worth up to ₹75 crore with M/s. L.G. Balakrishnan & Bros Limited. The meeting will be conducted via video conferencing and other audio-visual means, with the register of members closing from August 8, 2026, to August 14, 2026. The proposed transactions, covering the sale and purchase of goods, leasing of property, and availing of services, are estimated to represent 72.81% of the company’s annual consolidated turnover for the financial year 2025-26.

The Board of Directors recommends an ordinary resolution to approve these transactions, which are intended to be valid from the conclusion of the 20th AGM until the conclusion of the 21st AGM. M/s. L.G. Balakrishnan & Bros Limited is identified as a related party, being a promoter group company holding 12.17% of the share capital. The Audit Committee and the Board have reviewed the proposals, determining that they qualify as material under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, necessitating shareholder approval.

In addition to the special business, the AGM will transact ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026. Smt. Rajsri Vijayakumar, Managing Director, who retires by rotation at this meeting and is eligible for re-appointment, will be considered for the position. She holds 1,50,18,445 equity shares in the company and received remuneration of ₹ 24.21 Lakhs in FY 2025-26.

Remote e-voting will commence on August 11, 2026, at 09.00 a.m. IST and conclude on August 13, 2026, at 5.00 p.m. IST. Shareholders holding shares as on the cut-off date of August 7, 2026, are eligible to vote. Mr. P. Eswaramoorthy of M/s. P. Eswaramoorthy and Company has been appointed as the scrutinizer to oversee the e-voting process. The company has submitted newspaper advertisements published in Business Standard and Maalai Murasu regarding the completion of dispatch of the AGM notice and annual report.

Key Details of the Proposed Related Party Transactions

Promoter LG Farm Products Private Limited has reduced its shareholding in lgb forge by selling 48,03,181 equity shares through open market transactions. The disposals, executed between June 11 and June 25, 2026, were undertaken pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sales were triggered after the entity breached the 2% disposal threshold on June 25, 2026.

Following the transaction, the total shareholding of the promoter group, including Persons Acting in Concert (PAC), stands at 16,88,26,880 equity shares. This represents 70.87% of the company's total paid-up share capital, down from 72.89% prior to the sale. The equity share capital of LGB Forge Limited remains unchanged at 23,82,02,463 shares of Re.1 each.

LG Farm Products Private Limited held 83,24,466 shares, or 3.49% of the capital, before the sale. Post-disposal, its holding has decreased to 35,21,285 shares, accounting for 1.47% of the total share capital. The shares were sold on the BSE Limited, where the company is listed.

The holding of the Persons Acting in Concert remained unchanged during this period at 16,53,05,595 shares, which constitutes 69.40% of the total share capital. The PAC includes entities such as V Rajvirdhan, L G Balakrishnan and Bros Limited, and Elgi Automotive Service Pvt Limited.

The disclosure was submitted to the exchange by Narmatha G K, Company Secretary of LGB Forge Limited, on July 1, 2026. B Vijayakumar, Director of LG Farm Products Private Limited, signed the disclosure document confirming the transaction details.

Shareholding Details

Key Transaction Metrics