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L.G. Balakrishnan & Bros Ltd. ( (IN:LGBBROSLTD) ) just unveiled an update.
L.G. Balakrishnan & Bros Ltd., the Coimbatore-based automotive components maker listed on the BSE and NSE, disclosed key decisions from its 2 May 2026 board meeting, including approval of audited standalone and consolidated results for the quarter and year ended 31 March 2026. The statutory auditors issued an unmodified opinion, and the company plans to publish extracts of the results in English and Tamil newspapers while hosting full financials on its website.
The board recommended a dividend of Rs 22 per share on a face value of Rs 10, representing a 220% payout for FY 2026, subject to shareholder approval at the upcoming annual general meeting, with a record date of 19 August 2026 and payment due by 18 September 2026. The board also backed the continued directorship of Sri S. Sivakumar as a non-executive, non-independent director beyond the age of 75, and noted the resignation of senior management member Mr. Suresh Sivalingam effective 31 January 2026, signalling continuity in board leadership alongside a key change in senior management.
More about L.G. Balakrishnan & Bros Ltd.
L.G. Balakrishnan & Bros Ltd. is an Indian automotive components manufacturer based in Coimbatore, Tamil Nadu, known for products such as chains, sprockets and related transmission solutions for two-wheelers and other vehicles. The company is listed on the BSE and NSE, serving both domestic and export markets within the wider automotive and industrial sectors.
Average Trading Volume: 1,949
Technical Sentiment Signal: Strong Buy
Current Market Cap: 56.3B INR
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