LGB Forge Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a challenging operational environment with widened losses despite mixed revenue performance.

Financial Performance Overview

The company's financial performance showed significant deterioration in profitability metrics for the third quarter of FY26:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, LGB Forge demonstrated contrasting trends with improved revenue but deteriorated bottom-line performance:

Cost Structure and Operational Challenges

The company's expense analysis reveals several pressure points affecting profitability. Total expenses for Q3 FY26 reached ₹2,519.29 lakhs compared to ₹2,493.11 lakhs in Q3 FY25. Key expense categories included:

Impact of New Labour Codes

A significant development affecting the company's financial results was the implementation of new labour codes. The company reported exceptional items of ₹64.80 lakhs for Q3 FY26, representing increased employee benefit provisions due to the consolidation of multiple labour laws into four unified Labour Codes effective from November 21, 2025. This one-time impact was treated as exceptional items due to its material and non-recurring nature.

Board Meeting Outcomes and Corporate Governance Updates

The Board of Directors, in their meeting held on February 5, 2026, approved several key appointments and considered the unaudited financial results:

Sri. G. Jawaharlal brings three decades of experience in internal audit, including risk-based internal audit across various manufacturing sectors. M/s. N.R.D. Associates offers comprehensive services including audit functions, taxation services, and regulatory compliance with a team of five partners and 60 employees.

Business Segment and Outlook

LGB Forge Limited operates in the manufacturing of forged and machined components, representing a single reportable segment under Ind AS 108. The company maintains its paid-up equity share capital at ₹2,382.02 lakhs with a face value of Re.1 per share. The financial results were reviewed by the statutory auditors M/s. N.R. Doraiswami & Co. and approved by the Audit Committee and Board of Directors.

OKPlay India Limited has responded to a BSE inquiry regarding recent movements in its share price, clarifying that any fluctuations are purely market-driven and not influenced by undisclosed company-specific information. The company issued this clarification on December 20, 2025, in response to BSE's surveillance query regarding significant movement in the equity shares.

Company's Official Response

In its communication to BSE Limited, OKPlay India categorically stated that there is no pending information or announcement that is required to be disclosed to the Stock Exchange which may have a bearing on the price movement of the company's shares. The management emphasized that the share price movement is attributable to market conditions and investor perception rather than any company-specific developments.

Regulatory Compliance Confirmation

The company confirmed its adherence to regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. OKPlay India specifically mentioned that it has been regularly complying with all disclosure requirements under Regulation 30 of the SEBI listing regulations and has not withheld any material information.

The clarification was digitally signed by Yaspal Singh, Company Secretary, from the company's corporate office in New Delhi. This type of regulatory response is standard practice when stock exchanges seek explanations for unusual price movements or trading volumes in listed securities.

Market-Driven Price Movement

The company's stance that price movements are market-driven suggests that external factors such as overall market sentiment, sector performance, or broader economic conditions may be influencing the stock's behavior. Such clarifications help maintain transparency and ensure that investors have accurate information about factors affecting share price movements.

OKPlay India Limited, operating in the plastic products sector with its registered office in Haryana and corporate office in New Delhi, maintains its commitment to regulatory compliance and transparent communication with stakeholders.