LGB Forge Ltd Approves Q1 Results, Appoints New Director Amid Constitutional Restructuring
LGB Forge Limited reported its unaudited financial results for the quarter ended June 30, 2026, following a Board of Directors meeting held on August 10, 2026. The board also approved significant changes to the company's internal structure and management team.The company's standalone unaudited financial results were reviewed by Statutory Auditors, who expressed an unmodified opinion on the financials. The results for the quarter ended June 30, 2026 (Q1), as well as historical figures, are detailed below:
| Particulars | Q ended 30.06.2026 (Unaudited) | Q ended 31.03.2026 (Audited) | Q ended 30.06.2025 (Unaudited) | Y ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Income | 2,836.30 (Rs. Lakhs) | 2,609.87 (Rs. Lakhs) | 2,846.41 (Rs. Lakhs) | 10,495.03 (Rs. Lakhs) |
| Total Expenses | 2,811.50 (Rs. Lakhs) | 2,656.17 (Rs. Lakhs) | 2,758.30 (Rs. Lakhs) | 10,647.42 (Rs. Lakhs) |
| Profit/(Loss) before tax | 1,030.32 (Rs. Lakhs) | -50.84 (Rs. Lakhs) | 88.11 (Rs. Lakhs) | -221.73 (Rs. Lakhs) |
| Paid up Equity Share Capital | 2,382.02 (Rs. Lakhs) | 2,382.02 (Rs. Lakhs) | 2,382.02 (Rs. Lakhs) | 2,382.02 (Rs. Lakhs) |
| Earnings per equity share (Basic) | 0.43 (Rs.) | -0.02 (Rs.) | 0.04 (Rs.) | -0.09 (Rs.) |
The company recorded an exceptional item of Rs. 1,005.52 lakhs in the current period, which represents a gain on sale of land.
Appointment and Corporate Governance Changes
The Board meeting also sanctioned key appointments and corporate changes aimed at enhancing operational scope and statutory compliance under the Companies Act, 2013.Director Appointment:
Sri. Arjun Parthasarathy (DIN: 01892022) was approved for appointment as an Additional Director (Non-Executive, Non-Independent Director) of LGB Forge Limited, effective from August 10, 2026. This appointment is subject to shareholder approval.
Mr. Parthasarathy has over 18 years of experience in the metal forming industry. He currently serves as a Director of M/s Metal Forms Private Limited (MFPL) since July 2007. The board noted that Mr. Parthasarathy is brother-inlaw of Smt. Rajsri Vijayakumar, the Managing Director of the Company.
Constitutional Amendments:
The Board approved the alteration and adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA). The MOA change addresses the transition from basing the existing document on the Companies Act, 1956, to align with the Companies Act, 2013. Similarly, the AOA was changed to ensure conformity with the new regulations under the Companies Act, 2013.
The company has initiated a Postal Ballot proposal to seek shareholder approval for these applicable special business items, including the changes to the MOA and AOA.
Stock Price Movement
As of 14:07, shares of LGB Forge Ltd are edging higher at ₹5.78, showing a gain of 2.48% during the current trading session. The stock moved throughout the day, registering an intraday range between a low of ₹5.50 and a high of ₹5.83.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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