LGB Forge Limited has announced the results of its postal ballot process conducted to seek shareholder approval for three resolutions. The process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions and Voting Results

1. Appointment of Sri. Arjun Parthasarathy (DIN: 01892022) as Non-Executive Non-Independent Director

  • Resolution Type: Ordinary Resolution
  • Total shares outstanding: 238,202,463
  • Total votes polled: 79,094,331 (33.20% of outstanding shares)
  • Votes in favor: 79,046,468 (99.94% of votes polled)
  • Votes against: 47,863 (0.06% of votes polled)
  • Result: PASSED with requisite majority

2. Alteration of the Objects Clause and Adoption of new set of the Memorandum of Association

  • Resolution Type: Special Resolution
  • Total shares outstanding: 238,202,463
  • Total votes polled: 79,105,201 (33.21% of outstanding shares)
  • Votes in favor: 79,105,184 (100.00% of votes polled)
  • Votes against: 17 (0.00% of votes polled)
  • Result: PASSED with requisite majority

3. Alteration of the Articles of Association of the Company

  • Resolution Type: Special Resolution
  • Total shares outstanding: 238,202,463
  • Total votes polled: 79,105,201 (33.21% of outstanding shares)
  • Votes in favor: 79,105,169 (100.00% of votes polled)
  • Votes against: 32 (0.00% of votes polled)
  • Result: PASSED with requisite majority

Process Details

  • Postal Ballot Notice Date: 10th August 2026
  • Cut-off date for determining shareholders eligible to vote: 14th August 2026
  • Total number of shareholders on record date: 38,084
  • E-voting period: 20th August 2026 (9:00 AM) to 18th September 2026 (5:00 PM)
  • Scrutinizer: P. Eswaramoorthy of M/s. P. Eswaramoorthy and Company, Company Secretaries
  • Scrutinizer's report submitted on: 19th September 2026
  • Results deemed passed on: 18th September 2026 (last date of voting)

Shareholder Category-wise Voting Breakdown

The voting was analyzed across three shareholder categories:

Promoter and Promoter Group

  • Shares held: 168,671,312
  • Votes polled: 78,240,878 (46.39% of category shares)
  • Voted 100% in favor of all three resolutions

Public Institutions

  • Shares held: 26,520
  • Votes polled: 0 (0.00% of category shares)

Public Non-Institutions

  • Shares held: 69,504,631
  • Votes polled: 853,453-864,323 (1.23-1.24% of category shares)
  • Voted 94.39% in favor for director appointment, 100% in favor for constitutional changes

Financial Impact

Financial impact not quantified in the disclosure.

Capital Structure Impact

The resolutions related to changes in Memorandum and Articles of Association may affect the company's constitutional framework, but no specific impact on share capital or ownership structure is disclosed.