LGB Forge Ltd Announces Q2 Results and Approves Key Governance Changes

LGB Forge Ltd Announces Q2 Results and Approves Key Governance Changes​

LGB Forge Limited reported its standalone unaudited financial results for the quarter ending June 30, 2026, following the Board of Directors meeting held on August 10, 2026. The Board also greenlighted significant corporate changes, including the appointment of a new director and proposed alterations to the company's foundational documents.

The statutory auditors provided an unmodified opinion on the financial statements. LGB Forge Limited also approved the proposal to conduct a Postal Ballot to seek shareholder approval for several special business items.

Financial Performance Snapshot (Q2 FY26)​

The Board reviewed the results, which included a Limited Review Report by Statutory Auditors. The company operates in one reportable segment, focusing on the manufacturing of forged and machined components.

Key financial performance indicators across periods are summarized below (figures are in Lakhs):


The company reported total income of 2,836.30 Lakhs for the quarter ending June 30, 2026. The profit before tax for the period stood at 1,030.32 Lakhs. Total comprehensive income for the period was also recorded at 1,030.32 Lakhs.

Corporate Governance and Structural Changes​

The Board meeting approved several major governance and structural decisions:

Director Appointment
Smt. Arjun Parthasarathy (DIN: 01892022) was appointed as an additional Director (Non-Executive, Non-Independent). The appointment is effective from August 10, 2026, and remains subject to shareholder approval.

A briefing note provided details regarding the new director's background. Smt. Parthasarathy has been serving as a Director of M/s Metal Forms Private Limited since July 2007 and possesses over 18 years of experience in the metal forming industry, specializing in Operational Planning. The company noted that Smt. Parthasarathy is the brother-in-law of Smt. Rajsri Vijayakumar, who serves as Managing Director of LGB Forge Limited.

Alteration of Constituent Documents
The Board also approved proposals for material changes to the company's core documents:

• Memorandum of Association (MOA): The existing MOA was based on the Companies Act, 1956. The proposal involves altering and adopting a new set of MOA to bring it in line with the Companies Act, 2013. This change is intended to reflect the company’s diversification efforts and expand operations into new opportunities that align with the business scope.
• Articles of Association (AOA): Similarly, due to previous AOA being based on the Companies Act, 1956, it was determined necessary to alter and adopt a comprehensive new set of AOA in substitution for the entire existing document to comply with the requirements of the Companies Act, 2013.

Stock Price Movement​

LGB Forge Ltd shares are ticking up by 2.48% as of 14:21, trading at ₹5.78. The stock saw intraday movement, with its price ranging between a low of ₹5.50 and an intra-day high of ₹5.83.